Viper Energy Partners (NASDAQ:VNOM) PT Raised to $19.50 at TD Securities


Share on StockTwits

Viper Energy Partners (NASDAQ:VNOM) had its price objective lifted by stock analysts at TD Securities from $15.00 to $19.50 in a note issued to investors on Tuesday, BayStreet.CA reports. The firm currently has a “buy” rating on the oil and gas producer’s stock. TD Securities’ price objective indicates a potential upside of 16.56% from the company’s previous close.

Other equities analysts have also recently issued reports about the company. Truist upgraded Viper Energy Partners from a “hold” rating to a “buy” rating and set a $16.00 price target for the company in a report on Friday, December 4th. Truist Financial upgraded Viper Energy Partners from a “hold” rating to a “buy” rating and raised their target price for the company from $8.00 to $16.00 in a report on Friday, December 4th. Siebert Williams Shank restated a “hold” rating on shares of Viper Energy Partners in a report on Friday, December 18th. Finally, KeyCorp raised their target price on Viper Energy Partners from $14.00 to $16.00 and gave the company an “overweight” rating in a report on Friday, January 15th. Four analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $13.61.

Shares of NASDAQ VNOM traded up $0.19 during mid-day trading on Tuesday, reaching $16.73. 31,100 shares of the company’s stock were exchanged, compared to its average volume of 660,347. The firm has a market capitalization of $2.65 billion, a price-to-earnings ratio of -6.87 and a beta of 2.64. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.24 and a current ratio of 1.24. Viper Energy Partners has a 52-week low of $4.98 and a 52-week high of $22.00. The company’s 50-day moving average is $14.80 and its 200-day moving average is $10.92.

Viper Energy Partners (NASDAQ:VNOM) last released its quarterly earnings results on Sunday, February 21st. The oil and gas producer reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.15. The business had revenue of $76.32 million during the quarter, compared to analysts’ expectations of $56.51 million. Viper Energy Partners had a positive return on equity of 0.67% and a negative net margin of 60.82%. The company’s revenue was down 17.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.03 EPS. As a group, equities analysts predict that Viper Energy Partners will post 0.16 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently modified their holdings of VNOM. Retirement Group LLC acquired a new stake in shares of Viper Energy Partners during the 4th quarter worth about $38,000. Steward Partners Investment Advisory LLC raised its position in shares of Viper Energy Partners by 177.6% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 7,227 shares of the oil and gas producer’s stock worth $84,000 after acquiring an additional 4,624 shares in the last quarter. Paloma Partners Management Co acquired a new stake in shares of Viper Energy Partners during the 3rd quarter worth about $91,000. Verus Financial Partners Inc. acquired a new stake in shares of Viper Energy Partners during the 3rd quarter worth about $113,000. Finally, Janney Montgomery Scott LLC acquired a new stake in shares of Viper Energy Partners during the 4th quarter worth about $126,000. 33.57% of the stock is currently owned by institutional investors and hedge funds.

About Viper Energy Partners

Viper Energy Partners LP owns, acquires, and exploits oil and natural gas properties in North America. As of December 31, 2019, it had mineral interests in 24,304 net royalty acres in the Permian Basin and Eagle Ford Shale with estimated proved oil and natural gas reserves of 88,946 thousand barrels of crude oil equivalent.

See Also: Holder of Record

Analyst Recommendations 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.