Q4 2017 Earnings Estimate for Viper Energy Partners LP (VNOM) Issued By Imperial Capital

Viper Energy Partners LP (NASDAQ:VNOM) – Equities researchers at Imperial Capital increased their Q4 2017 earnings per share estimates for shares of Viper Energy Partners in a report released on Tuesday. Imperial Capital analyst J. Wangler now forecasts that the oil and gas producer will earn $0.25 per share for the quarter, up from their prior estimate of $0.24. Imperial Capital has a “Buy” rating and a $27.00 price objective on the stock. Imperial Capital also issued estimates for Viper Energy Partners’ Q1 2018 earnings at $0.26 EPS, Q2 2018 earnings at $0.29 EPS, Q3 2018 earnings at $0.31 EPS and Q4 2018 earnings at $0.35 EPS.

Several other equities analysts have also issued reports on the stock. Northland Securities reaffirmed a “buy” rating and issued a $24.00 price target on shares of Viper Energy Partners in a report on Thursday, October 12th. SunTrust Banks initiated coverage on shares of Viper Energy Partners in a report on Wednesday, November 29th. They issued a “buy” rating on the stock. Zacks Investment Research lowered shares of Viper Energy Partners from a “buy” rating to a “hold” rating in a report on Tuesday, November 14th. Citigroup lifted their price objective on shares of Viper Energy Partners from $20.00 to $22.00 and gave the stock a “buy” rating in a research note on Monday, October 30th. Finally, Piper Jaffray Companies lowered their price objective on shares of Viper Energy Partners from $22.00 to $20.00 and set an “overweight” rating for the company in a research note on Monday, September 18th. One equities research analyst has rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $22.91.

Viper Energy Partners (NASDAQ VNOM) opened at $22.40 on Wednesday. The company has a quick ratio of 8.92, a current ratio of 8.92 and a debt-to-equity ratio of 0.04. Viper Energy Partners has a 1-year low of $14.76 and a 1-year high of $22.66. The stock has a market cap of $2,550.00, a price-to-earnings ratio of 25.15, a price-to-earnings-growth ratio of 1.53 and a beta of 1.06.

Viper Energy Partners (NASDAQ:VNOM) last released its quarterly earnings results on Tuesday, October 24th. The oil and gas producer reported $0.24 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.02. Viper Energy Partners had a net margin of 60.87% and a return on equity of 12.08%. The business had revenue of $42.21 million for the quarter, compared to analyst estimates of $40.88 million. During the same period in the previous year, the company earned $0.12 earnings per share. The business’s revenue for the quarter was up 111.2% on a year-over-year basis.

Several hedge funds have recently added to or reduced their stakes in VNOM. Geode Capital Management LLC increased its stake in shares of Viper Energy Partners by 33.3% during the first quarter. Geode Capital Management LLC now owns 55,295 shares of the oil and gas producer’s stock worth $994,000 after purchasing an additional 13,809 shares in the last quarter. Renaissance Technologies LLC purchased a new stake in shares of Viper Energy Partners during the first quarter worth about $281,000. Credit Suisse AG purchased a new stake in shares of Viper Energy Partners during the first quarter worth about $270,000. Kayne Anderson Capital Advisors LP increased its stake in shares of Viper Energy Partners by 54.5% during the second quarter. Kayne Anderson Capital Advisors LP now owns 960,000 shares of the oil and gas producer’s stock worth $15,069,000 after purchasing an additional 338,500 shares in the last quarter. Finally, Syntal Capital Partners LLC purchased a new stake in shares of Viper Energy Partners during the second quarter worth about $596,000. 27.12% of the stock is owned by institutional investors and hedge funds.

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Viper Energy Partners Company Profile

Viper Energy Partners LP is engaged in owning, acquiring and exploiting oil and natural gas properties in North America. The Company’s assets are located in the Permian Basin of West Texas. As of December 31, 2016, the Permian Basin consisted of approximately 85,000 square miles. As of December 31, 2016, its assets consisted of mineral interests underlying 107,568 gross acres in the Permian Basin.

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

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