Viper Energy Partners LP (NASDAQ:VNOM – Get Free Report) has been given a consensus recommendation of “Buy” by the eight analysts that are presently covering the firm, Marketbeat reports. Eight research analysts have rated the stock with a buy rating. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $37.69.
Several research analysts recently issued reports on the stock. Raymond James increased their price target on shares of Viper Energy Partners from $35.00 to $38.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 6th. Truist Financial raised their price objective on shares of Viper Energy Partners from $43.00 to $45.00 and gave the stock a “buy” rating in a report on Wednesday, August 2nd. StockNews.com lowered shares of Viper Energy Partners from a “buy” rating to a “hold” rating in a report on Friday, August 25th. Stifel Nicolaus raised their price objective on shares of Viper Energy Partners from $32.00 to $33.00 and gave the stock a “buy” rating in a report on Thursday. Finally, Piper Sandler raised their price objective on shares of Viper Energy Partners from $34.00 to $38.00 in a report on Wednesday, September 6th.
Hedge Funds Weigh In On Viper Energy Partners
Viper Energy Partners Stock Performance
NASDAQ:VNOM opened at $28.86 on Monday. Viper Energy Partners has a 12-month low of $24.48 and a 12-month high of $36.10. The company has a quick ratio of 3.77, a current ratio of 3.77 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $4.66 billion, a PE ratio of 12.88 and a beta of 1.86. The firm has a 50-day moving average price of $27.33 and a 200 day moving average price of $27.54.
Viper Energy Partners (NASDAQ:VNOM – Get Free Report) last posted its quarterly earnings results on Monday, July 31st. The oil and gas producer reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.26. Viper Energy Partners had a net margin of 21.93% and a return on equity of 7.26%. The firm had revenue of $160.79 million during the quarter, compared to analyst estimates of $159.57 million. Research analysts anticipate that Viper Energy Partners will post 1.86 earnings per share for the current fiscal year.
Viper Energy Partners Cuts Dividend
The business also recently declared a None dividend, which was paid on Thursday, August 17th. Stockholders of record on Thursday, August 10th were paid a dividend of $0.09 per share. The ex-dividend date was Wednesday, August 9th. This represents a dividend yield of 1.33%. Viper Energy Partners’s dividend payout ratio (DPR) is currently 48.21%.
About Viper Energy Partners
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