TD Securities Analysts Give Viper Energy Partners (VNOM) a $44.00 Price Target

Viper Energy Partners (NASDAQ:VNOM) has been given a $44.00 price target by investment analysts at TD Securities in a research note issued to investors on Saturday. The brokerage currently has a “buy” rating on the oil and gas producer’s stock. TD Securities’ target price would suggest a potential upside of 18.82% from the stock’s previous close.

A number of other research analysts have also recently issued reports on VNOM. SunTrust Banks set a $35.00 price target on shares of Viper Energy Partners and gave the stock a “buy” rating in a report on Monday, April 16th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $33.00 price target on shares of Viper Energy Partners in a report on Wednesday, April 18th. ValuEngine raised shares of Viper Energy Partners from a “buy” rating to a “strong-buy” rating in a report on Saturday, April 21st. Stifel Nicolaus raised their target price on shares of Viper Energy Partners from $29.00 to $33.00 and gave the stock a “buy” rating in a report on Thursday, May 3rd. Finally, BidaskClub cut shares of Viper Energy Partners from a “strong-buy” rating to a “buy” rating in a report on Monday, May 14th. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Viper Energy Partners has an average rating of “Buy” and a consensus target price of $32.23.

Shares of NASDAQ VNOM traded down $0.06 during midday trading on Friday, reaching $37.03. The company had a trading volume of 639,900 shares, compared to its average volume of 661,475. The stock has a market cap of $4.22 billion, a P/E ratio of 34.64 and a beta of 0.90. Viper Energy Partners has a 1 year low of $15.68 and a 1 year high of $38.38. The company has a current ratio of 21.64, a quick ratio of 21.64 and a debt-to-equity ratio of 0.27.

Viper Energy Partners (NASDAQ:VNOM) last posted its quarterly earnings results on Wednesday, August 8th. The oil and gas producer reported $0.71 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.33. The business had revenue of $75.41 million during the quarter, compared to analysts’ expectations of $70.06 million. Viper Energy Partners had a net margin of 88.05% and a return on equity of 14.90%. The business’s quarterly revenue was up 106.0% on a year-over-year basis. During the same quarter last year, the company posted $0.23 earnings per share. sell-side analysts forecast that Viper Energy Partners will post 1.49 earnings per share for the current year.

Several institutional investors have recently modified their holdings of VNOM. Kayne Anderson Capital Advisors LP raised its holdings in shares of Viper Energy Partners by 31.9% during the second quarter. Kayne Anderson Capital Advisors LP now owns 1,969,595 shares of the oil and gas producer’s stock worth $62,843,000 after purchasing an additional 476,000 shares during the last quarter. Toronto Dominion Bank increased its holdings in Viper Energy Partners by 66,794.9% in the second quarter. Toronto Dominion Bank now owns 368,591 shares of the oil and gas producer’s stock valued at $11,761,000 after buying an additional 368,040 shares in the last quarter. ING Groep NV purchased a new position in Viper Energy Partners in the second quarter valued at $7,090,000. FMR LLC increased its holdings in Viper Energy Partners by 7.6% in the second quarter. FMR LLC now owns 3,068,984 shares of the oil and gas producer’s stock valued at $97,932,000 after buying an additional 217,580 shares in the last quarter. Finally, Dividend Assets Capital LLC purchased a new position in Viper Energy Partners in the second quarter valued at $6,369,000. 25.75% of the stock is owned by hedge funds and other institutional investors.

Viper Energy Partners Company Profile

Viper Energy Partners LP owns, acquires, and exploits oil and natural gas properties in North America. The company holds mineral interests covering an area of approximately 43,843 net acres in the Permian Basin, West Texas. As of December 31, 2017, its estimated proved oil and natural gas reserves consisted of 38,246 thousand barrels of crude oil equivalent.

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Analyst Recommendations for Viper Energy Partners (NASDAQ:VNOM)

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