Viper Energy Partners LP (NASDAQ:VNOM) Receives $21.30 Average Price Target from Brokerages

Shares of Viper Energy Partners LP (NASDAQ:VNOM) have been assigned a consensus rating of “Buy” from the twelve analysts that are covering the company, Marketbeat reports. One research analyst has rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is $22.10.

A number of analysts have issued reports on VNOM shares. KeyCorp raised their target price on Viper Energy Partners from $20.00 to $21.00 and gave the company an “overweight” rating in a report on Friday, September 17th. Truist raised their target price on Viper Energy Partners from $26.00 to $29.00 and gave the stock a “buy” rating in a research report on Thursday, October 7th. Raymond James lifted their price objective on Viper Energy Partners from $23.00 to $24.00 and gave the company an “outperform” rating in a research report on Thursday, August 12th. Piper Sandler lifted their price objective on Viper Energy Partners from $20.00 to $25.00 and gave the stock an “overweight” rating in a research note on Wednesday. Finally, Citigroup boosted their target price on Viper Energy Partners from $20.00 to $22.00 and gave the company a “buy” rating in a research note on Wednesday, July 21st.

Shares of VNOM stock opened at $23.07 on Monday. The stock’s 50 day simple moving average is $19.71 and its 200 day simple moving average is $18.45. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.29 and a current ratio of 1.29. Viper Energy Partners has a twelve month low of $6.52 and a twelve month high of $23.80. The company has a market capitalization of $3.58 billion, a price-to-earnings ratio of -57.68 and a beta of 2.80.

Viper Energy Partners (NASDAQ:VNOM) last released its earnings results on Sunday, August 1st. The oil and gas producer reported $0.09 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.08 by $0.01. The firm had revenue of $114.20 million for the quarter, compared to analyst estimates of $88.83 million. Viper Energy Partners had a positive return on equity of 0.44% and a negative net margin of 7.63%. The company’s revenue was up 249.2% on a year-over-year basis. During the same quarter last year, the firm posted ($0.04) EPS. On average, analysts forecast that Viper Energy Partners will post 0.41 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, August 19th. Stockholders of record on Thursday, August 12th were paid a dividend of $0.33 per share. The ex-dividend date was Wednesday, August 11th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 5.72%. This is a positive change from Viper Energy Partners’s previous quarterly dividend of $0.25. Viper Energy Partners’s dividend payout ratio (DPR) is 471.43%.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Viper Energy Partners during the first quarter worth approximately $46,000. Acadian Asset Management LLC bought a new position in shares of Viper Energy Partners during the first quarter worth approximately $54,000. Quantbot Technologies LP bought a new position in shares of Viper Energy Partners during the first quarter worth approximately $62,000. Rockefeller Capital Management L.P. bought a new position in shares of Viper Energy Partners during the first quarter worth approximately $77,000. Finally, Essex Financial Services Inc. bought a new position in shares of Viper Energy Partners during the second quarter worth approximately $223,000. Institutional investors own 30.74% of the company’s stock.

Viper Energy Partners Company Profile

Viper Energy Partners LP engages in the acquisition of oil and natural gas properties. It owns, acquires, and exploits oil and natural gas properties in North America. The company was founded on February 27, 2014 and is headquartered in Midland, TX.

Read More: Why does a company issue an IPO?

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.