Analysts Anticipate Viper Energy Partners LP (NASDAQ:VNOM) to Post $0.43 Earnings Per Share

Equities analysts expect Viper Energy Partners LP (NASDAQ:VNOMGet Rating) to post $0.43 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Seven analysts have made estimates for Viper Energy Partners’ earnings, with the lowest EPS estimate coming in at $0.16 and the highest estimate coming in at $0.95. Viper Energy Partners posted earnings of $0.09 per share during the same quarter last year, which would suggest a positive year over year growth rate of 377.8%. The company is scheduled to report its next earnings report on Monday, January 1st.

According to Zacks, analysts expect that Viper Energy Partners will report full-year earnings of $1.61 per share for the current financial year, with EPS estimates ranging from $0.58 to $3.73. For the next financial year, analysts anticipate that the business will post earnings of $2.15 per share, with EPS estimates ranging from $0.45 to $4.83. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that follow Viper Energy Partners.

Viper Energy Partners (NASDAQ:VNOMGet Rating) last issued its earnings results on Monday, May 2nd. The oil and gas producer reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.03). Viper Energy Partners had a return on equity of 3.32% and a net margin of 12.72%. During the same quarter in the previous year, the firm posted ($0.08) earnings per share.

A number of equities analysts recently commented on VNOM shares. Truist Financial lifted their target price on shares of Viper Energy Partners from $40.00 to $45.00 in a research report on Thursday, April 21st. TD Securities boosted their price objective on shares of Viper Energy Partners from $34.00 to $35.00 and gave the company a “buy” rating in a research report on Tuesday, May 3rd. Raymond James boosted their price objective on shares of Viper Energy Partners from $38.00 to $40.00 and gave the company an “outperform” rating in a research report on Monday, April 25th. Zacks Investment Research upgraded shares of Viper Energy Partners from a “hold” rating to a “strong-buy” rating and set a $32.00 price objective on the stock in a research report on Wednesday, March 16th. Finally, KeyCorp boosted their price objective on shares of Viper Energy Partners from $28.00 to $33.00 and gave the company an “overweight” rating in a research report on Monday, April 11th. One investment analyst has rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $34.89.

Shares of NASDAQ:VNOM opened at $30.52 on Friday. The stock has a market cap of $5.12 billion, a PE ratio of 29.07 and a beta of 2.09. The company’s fifty day moving average is $29.98 and its 200 day moving average is $26.15. Viper Energy Partners has a 52 week low of $15.98 and a 52 week high of $32.35. The company has a quick ratio of 4.54, a current ratio of 4.54 and a debt-to-equity ratio of 0.35.

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 19th. Stockholders of record on Thursday, May 12th will be paid a dividend of $0.67 per share. This is a positive change from Viper Energy Partners’s previous quarterly dividend of $0.47. The ex-dividend date is Wednesday, May 11th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 8.78%. Viper Energy Partners’s payout ratio is presently 179.05%.

In related news, major shareholder Holdings L.P. Blackstone III sold 210,000 shares of the business’s stock in a transaction dated Monday, February 28th. The shares were sold at an average price of $29.38, for a total transaction of $6,169,800.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Bx Guidon Topco Llc sold 123,000 shares of the business’s stock in a transaction dated Thursday, February 24th. The stock was sold at an average price of $28.38, for a total transaction of $3,490,740.00. The disclosure for this sale can be found here. Insiders have sold a total of 831,436 shares of company stock worth $24,701,964 in the last ninety days. Insiders own 0.30% of the company’s stock.

A number of large investors have recently bought and sold shares of the stock. Morgan Stanley lifted its stake in shares of Viper Energy Partners by 20.1% in the second quarter. Morgan Stanley now owns 1,414,903 shares of the oil and gas producer’s stock worth $26,644,000 after buying an additional 237,242 shares in the last quarter. Advisor Group Holdings Inc. lifted its stake in shares of Viper Energy Partners by 204.3% in the third quarter. Advisor Group Holdings Inc. now owns 89,481 shares of the oil and gas producer’s stock worth $1,955,000 after buying an additional 60,078 shares in the last quarter. Truist Financial Corp lifted its stake in shares of Viper Energy Partners by 21.0% in the third quarter. Truist Financial Corp now owns 14,306 shares of the oil and gas producer’s stock worth $313,000 after buying an additional 2,481 shares in the last quarter. We Are One Seven LLC bought a new position in shares of Viper Energy Partners in the third quarter worth approximately $553,000. Finally, Teacher Retirement System of Texas bought a new position in shares of Viper Energy Partners in the third quarter worth approximately $207,000. 47.03% of the stock is currently owned by institutional investors and hedge funds.

Viper Energy Partners Company Profile (Get Rating)

Viper Energy Partners LP owns, acquires, and exploits oil and natural gas properties in North America. As of December 31, 2021, it had mineral interests in 27,027 net royalty acres in the Permian Basin and Eagle Ford Shale; and estimated proved oil and natural gas reserves of 127,888 thousand barrels of crude oil equivalent.

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Earnings History and Estimates for Viper Energy Partners (NASDAQ:VNOM)

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