The stock of Viper Energy Partners LP (NASDAQ:VNOM) last traded at $27.84, down -2.52% from the previous session.
Data from the available sources indicates that Viper Energy Partners LP (NASDAQ:VNOM) is covered by 15 analysts. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $41.00 and a low of $34.00, we find $37.00. Given the previous closing price of $28.56, this indicates a potential upside of 29.55 percent. VNOM stock price is now -9.23% away from the 50-day moving average and -8.83% away from the 200-day moving average. The market capitalization of the company currently stands at $4.63B.
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In total, 2 analysts have assigned it a hold rating, and 11 have given it a buy rating. Brokers who have rated the stock have averaged $37.07 as their price target over the next twelve months.
With the price target of $39, KeyBanc Capital Markets recently initiated with Overweight rating for Viper Energy Partners LP (NASDAQ: VNOM)., while ‘Piper Sandler’ rates the stock as ‘Overweight’.
In other news, Blackstone Holdings III L.P., 10% Owner sold 2,000 shares of the company’s stock on Jan 27. The stock was sold for $66,094 at an average price of $33.05. Upon completion of the transaction, the 10% Owner now directly owns 9,842,228 shares in the company, valued at $274.01 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 27, 10% Owner BX SWT ML Holdco LLC sold 2,000 shares of the business’s stock. A total of $66,094 was realized by selling the stock at an average price of $33.05. This leaves the insider owning 9,842,228 shares of the company worth $274.01 million. Insiders disposed of 6,105,770 shares of company stock worth roughly $169.98 million over the past 1 year. A total of 0.20% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in VNOM stock. A new stake in Viper Energy Partners LP shares was purchased by AROSA CAPITAL MANAGEMENT LP during the first quarter worth $2,227,000. CONNOR, CLARK & LUNN INVESTMENT MANAGEMENT LTD. invested $1,948,000 in shares of VNOM during the first quarter. In the first quarter, CETERA ADVISORS LLC acquired a new stake in Viper Energy Partners LP valued at approximately $1,830,000. BLEAKLEY FINANCIAL GROUP, LLC acquired a new stake in VNOM for approximately $1,789,000. BRAMSHILL INVESTMENTS, LLC purchased a new stake in VNOM valued at around $1,355,000 in the second quarter. In total, there are 243 active investors with 78.60% ownership of the company’s stock.
With an opening price of $27.77 on Monday morning, Viper Energy Partners LP (NASDAQ: VNOM) set off the trading day. During the past 12 months, Viper Energy Partners LP has had a low of $23.32 and a high of $35.81. As of last week, the company has a debt-to-equity ratio of 0.84, a current ratio of 5.40, and a quick ratio of 5.40. The fifty day moving average price for VNOM is $30.89 and a two-hundred day moving average price translates $30.78 for the stock.
The latest earnings results from Viper Energy Partners LP (NASDAQ: VNOM) was released for Sep, 2022. According to the Oil & Gas Midstream Company, earnings per share came in at $0.98, beating analysts’ expectations of $0.57 by 0.41. This compares to $0.57 EPS in the same period last year. The net profit margin was 17.50% and return on equity was 20.80% for VNOM. The company reported revenue of $203.62 million for the quarter, compared to $165.79 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 22.82 percent. For the current quarter, analysts expect VNOM to generate $182.58M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 03/10/2023. Investors who held shares on 03/03/2023 were paid a $0.49 dividend. On an annualized basis, this represents a $1.00 dividend and a 3.59% percent yield. There was an ex-dividend date of 03/02/2023 for this dividend. In terms of dividend payout ratio, VNOM is presently at 120.50%.
Viper Energy Partners LP(VNOM) Company Profile
Viper Energy Partners LP owns, acquires, and exploits oil and natural gas properties in North America. As of December 31, 2021, it had mineral interests in 27,027 net royalty acres in the Permian Basin and Eagle Ford Shale; and estimated proved oil and natural gas reserves of 127,888 thousand barrels of crude oil equivalent. Viper Energy Partners GP LLC operates as the general partner of the company. The company was founded in 2013 and is based in Midland, Texas. Viper Energy Partners LP is a subsidiary of Diamondback Energy, Inc.
