KeyCorp Weighs in on Viper Energy Partners LP’s Q4 2022 Earnings (NASDAQ:VNOM)

Viper Energy Partners LP (NASDAQ:VNOMGet Rating) – Stock analysts at KeyCorp cut their Q4 2022 EPS estimates for Viper Energy Partners in a report released on Tuesday, January 17th. KeyCorp analyst T. Rezvan now anticipates that the oil and gas producer will earn $0.34 per share for the quarter, down from their previous estimate of $0.37. KeyCorp currently has a “Overweight” rating and a $37.00 target price on the stock. The consensus estimate for Viper Energy Partners’ current full-year earnings is $1.93 per share. KeyCorp also issued estimates for Viper Energy Partners’ Q1 2023 earnings at $0.34 EPS, Q2 2023 earnings at $0.35 EPS, Q3 2023 earnings at $0.38 EPS, Q4 2023 earnings at $0.39 EPS, FY2023 earnings at $1.45 EPS, Q1 2024 earnings at $0.42 EPS, Q2 2024 earnings at $0.40 EPS, Q3 2024 earnings at $0.40 EPS, Q4 2024 earnings at $0.42 EPS and FY2024 earnings at $1.64 EPS.

Viper Energy Partners (NASDAQ:VNOMGet Rating) last issued its quarterly earnings data on Monday, November 7th. The oil and gas producer reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.58. Viper Energy Partners had a net margin of 20.45% and a return on equity of 6.79%. The business had revenue of $221.62 million during the quarter, compared to the consensus estimate of $213.72 million.

Other analysts have also recently issued reports about the stock. TD Securities increased their target price on shares of Viper Energy Partners from $37.00 to $40.00 and gave the stock a “buy” rating in a research note on Tuesday, November 8th. StockNews.com lowered shares of Viper Energy Partners from a “buy” rating to a “hold” rating in a report on Wednesday. Barclays increased their target price on shares of Viper Energy Partners from $37.00 to $38.00 and gave the company an “overweight” rating in a report on Wednesday, October 19th. Finally, Raymond James cut their price target on shares of Viper Energy Partners from $41.00 to $38.00 and set an “outperform” rating on the stock in a report on Monday, October 24th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $37.56.

Viper Energy Partners Stock Performance

Shares of VNOM stock opened at $32.34 on Thursday. The stock has a market capitalization of $5.33 billion, a P/E ratio of 14.57 and a beta of 1.89. The company has a current ratio of 4.96, a quick ratio of 4.96 and a debt-to-equity ratio of 0.29. The firm’s 50 day moving average is $31.79 and its 200 day moving average is $30.79. Viper Energy Partners has a 12 month low of $23.51 and a 12 month high of $36.10.

Viper Energy Partners Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 25th. Shareholders of record on Thursday, November 17th were issued a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 6.06%. The ex-dividend date of this dividend was Wednesday, November 16th. Viper Energy Partners’s dividend payout ratio is currently 45.05%.

Insider Buying and Selling at Viper Energy Partners

In related news, major shareholder Holdings L.P. Blackstone III sold 45,000 shares of the company’s stock in a transaction on Monday, October 24th. The shares were sold at an average price of $33.07, for a total transaction of $1,488,150.00. Following the sale, the insider now owns 183,846 shares of the company’s stock, valued at $6,079,787.22. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders have sold 881,046 shares of company stock valued at $30,093,172 over the last 90 days. 0.30% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Total Clarity Wealth Management Inc. bought a new position in Viper Energy Partners during the 2nd quarter worth about $32,000. CoreCap Advisors LLC purchased a new stake in shares of Viper Energy Partners during the second quarter valued at about $37,000. Sentry Investment Management LLC purchased a new position in shares of Viper Energy Partners in the 3rd quarter valued at approximately $47,000. US Bancorp DE raised its position in shares of Viper Energy Partners by 100.0% in the 2nd quarter. US Bancorp DE now owns 2,000 shares of the oil and gas producer’s stock valued at $54,000 after purchasing an additional 1,000 shares during the last quarter. Finally, Larson Financial Group LLC raised its position in shares of Viper Energy Partners by 20.2% in the 2nd quarter. Larson Financial Group LLC now owns 2,205 shares of the oil and gas producer’s stock valued at $59,000 after purchasing an additional 370 shares during the last quarter. Institutional investors own 40.22% of the company’s stock.

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.

See Also

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

Receive News & Ratings for Viper Energy Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Viper Energy Partners and related companies with MarketBeat.com's FREE daily email newsletter.