FY2017 Earnings Estimate for Viper Energy Partners LP (VNOM) Issued By SunTrust Banks

Viper Energy Partners LP (NASDAQ:VNOM) – Equities research analysts at SunTrust Banks raised their FY2017 earnings per share (EPS) estimates for Viper Energy Partners in a research note issued to investors on Tuesday. SunTrust Banks analyst N. Dingmann now expects that the oil and gas producer will post earnings of $1.01 per share for the year, up from their previous forecast of $0.96. SunTrust Banks currently has a “Buy” rating and a $32.00 price target on the stock. SunTrust Banks also issued estimates for Viper Energy Partners’ Q4 2017 earnings at $0.32 EPS, FY2018 earnings at $1.48 EPS, FY2019 earnings at $1.87 EPS and FY2020 earnings at $2.11 EPS.

A number of other research analysts have also weighed in on VNOM. Northland Securities reaffirmed a “buy” rating and set a $24.00 price objective on shares of Viper Energy Partners in a research report on Thursday, October 12th. Barclays set a $20.00 price objective on Viper Energy Partners and gave the company a “buy” rating in a research report on Monday, October 16th. Citigroup raised their price objective on Viper Energy Partners from $20.00 to $22.00 and gave the company a “buy” rating in a research report on Monday, October 30th. Zacks Investment Research lowered Viper Energy Partners from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th. Finally, BidaskClub raised Viper Energy Partners from a “hold” rating to a “buy” rating in a research report on Saturday, December 2nd. One analyst has rated the stock with a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $25.64.

Viper Energy Partners (NASDAQ VNOM) opened at $22.86 on Wednesday. Viper Energy Partners has a 52-week low of $14.76 and a 52-week high of $26.19. The company has a debt-to-equity ratio of 0.04, a quick ratio of 8.92 and a current ratio of 8.92. The firm has a market capitalization of $2,600.00, a P/E ratio of 21.77, a P/E/G ratio of 1.14 and a beta of 1.05.

Viper Energy Partners (NASDAQ:VNOM) last posted its quarterly earnings data on Tuesday, February 6th. The oil and gas producer reported $0.37 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.29 by $0.08. Viper Energy Partners had a return on equity of 14.61% and a net margin of 64.80%. The company had revenue of $59.20 million during the quarter, compared to analyst estimates of $51.28 million. During the same quarter last year, the company earned $0.19 EPS. The firm’s revenue for the quarter was up 112.2% on a year-over-year basis.

Several institutional investors have recently bought and sold shares of the business. CI Global Investments Inc. increased its holdings in shares of Viper Energy Partners by 111.9% in the 3rd quarter. CI Global Investments Inc. now owns 4,098,552 shares of the oil and gas producer’s stock worth $76,397,000 after purchasing an additional 2,164,352 shares in the last quarter. Boston Partners increased its holdings in shares of Viper Energy Partners by 27.4% in the 3rd quarter. Boston Partners now owns 2,127,350 shares of the oil and gas producer’s stock worth $39,654,000 after purchasing an additional 457,308 shares in the last quarter. HITE Hedge Asset Management LLC increased its holdings in shares of Viper Energy Partners by 320.9% in the 3rd quarter. HITE Hedge Asset Management LLC now owns 1,996,005 shares of the oil and gas producer’s stock worth $37,206,000 after purchasing an additional 1,521,773 shares in the last quarter. FMR LLC increased its holdings in shares of Viper Energy Partners by 26.2% in the 2nd quarter. FMR LLC now owns 1,455,100 shares of the oil and gas producer’s stock worth $22,845,000 after purchasing an additional 302,400 shares in the last quarter. Finally, Kayne Anderson Capital Advisors LP increased its holdings in shares of Viper Energy Partners by 28.5% in the 3rd quarter. Kayne Anderson Capital Advisors LP now owns 1,233,200 shares of the oil and gas producer’s stock worth $22,984,000 after purchasing an additional 273,200 shares in the last quarter. 26.95% of the stock is owned by institutional investors and hedge funds.

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 26th. Shareholders of record on Monday, February 19th will be issued a $0.46 dividend. This is a positive change from Viper Energy Partners’s previous quarterly dividend of $0.34. The ex-dividend date is Thursday, February 15th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 8.05%. Viper Energy Partners’s dividend payout ratio (DPR) is presently 128.57%.

COPYRIGHT VIOLATION NOTICE: “FY2017 Earnings Estimate for Viper Energy Partners LP (VNOM) Issued By SunTrust Banks” was reported by Community Financial News and is owned by of Community Financial News. If you are reading this piece on another publication, it was illegally copied and republished in violation of US & international trademark and copyright laws. The original version of this piece can be read at https://www.com-unik.info/2018/02/09/fy2017-earnings-estimate-for-viper-energy-partners-lp-vnom-issued-by-suntrust-banks.html.

About Viper Energy Partners

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.

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