Analysts Anticipate Viper Energy Partners LP (VNOM) Will Post Quarterly Sales of $73.77 Million

Equities research analysts expect Viper Energy Partners LP (NASDAQ:VNOM) to post sales of $73.77 million for the current fiscal quarter, Zacks Investment Research reports. Eight analysts have provided estimates for Viper Energy Partners’ earnings. The highest sales estimate is $94.43 million and the lowest is $62.72 million. Viper Energy Partners posted sales of $62.44 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 18.1%. The firm is scheduled to announce its next earnings report on Tuesday, May 7th.

On average, analysts expect that Viper Energy Partners will report full year sales of $339.85 million for the current year, with estimates ranging from $281.00 million to $475.17 million. For the next financial year, analysts anticipate that the business will report sales of $458.98 million, with estimates ranging from $364.24 million to $694.71 million. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover Viper Energy Partners.

Viper Energy Partners (NASDAQ:VNOM) last issued its quarterly earnings data on Tuesday, February 5th. The oil and gas producer reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.17). The firm had revenue of $73.67 million for the quarter, compared to the consensus estimate of $81.53 million. Viper Energy Partners had a return on equity of 6.74% and a net margin of 49.62%. During the same quarter in the prior year, the firm earned $0.37 EPS.

Several research analysts have recently issued reports on VNOM shares. TD Securities upped their price objective on Viper Energy Partners from $44.00 to $45.00 and gave the company a “buy” rating in a research note on Thursday, February 28th. BidaskClub downgraded Viper Energy Partners from a “buy” rating to a “hold” rating in a research report on Tuesday, March 19th. Zacks Investment Research lowered Viper Energy Partners from a “hold” rating to a “strong sell” rating in a research note on Saturday, January 26th. Oppenheimer set a $49.00 price objective on Viper Energy Partners and gave the stock a “buy” rating in a research note on Friday, December 14th. Finally, ValuEngine upgraded Viper Energy Partners from a “buy” rating to a “strong-buy” rating in a report on Thursday, February 7th. Two equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company. Viper Energy Partners presently has a consensus rating of “Buy” and a consensus target price of $43.09.

Shares of VNOM stock traded down $0.27 during mid-day trading on Wednesday, reaching $33.68. 346,278 shares of the stock traded hands, compared to its average volume of 604,529. The firm has a market capitalization of $4.21 billion, a price-to-earnings ratio of 31.19 and a beta of 1.31. The company has a current ratio of 10.84, a quick ratio of 10.84 and a debt-to-equity ratio of 0.33. Viper Energy Partners has a 1-year low of $22.76 and a 1-year high of $44.00.

In other Viper Energy Partners news, President Hof Matthew Kaes Van’t sold 2,300 shares of the stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $33.51, for a total transaction of $77,073.00. Following the completion of the sale, the president now directly owns 44,624 shares in the company, valued at approximately $1,495,350.24. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.30% of the company’s stock.

Several large investors have recently made changes to their positions in the company. Capital World Investors bought a new stake in Viper Energy Partners in the third quarter worth approximately $166,610,000. CI Investments Inc. acquired a new stake in shares of Viper Energy Partners during the 4th quarter worth approximately $37,850,000. HITE Hedge Asset Management LLC grew its position in shares of Viper Energy Partners by 221.4% during the 4th quarter. HITE Hedge Asset Management LLC now owns 1,735,295 shares of the oil and gas producer’s stock worth $45,187,000 after buying an additional 1,195,378 shares during the period. FMR LLC lifted its position in shares of Viper Energy Partners by 22.6% during the 3rd quarter. FMR LLC now owns 3,762,219 shares of the oil and gas producer’s stock valued at $158,389,000 after acquiring an additional 693,235 shares during the period. Finally, Eagle Asset Management Inc. lifted its position in shares of Viper Energy Partners by 22.9% during the 4th quarter. Eagle Asset Management Inc. now owns 1,438,748 shares of the oil and gas producer’s stock valued at $37,464,000 after acquiring an additional 268,209 shares during the period. 32.24% of the stock is currently owned by institutional investors.

Viper Energy Partners Company Profile

Viper Energy Partners LP owns, acquires, and exploits oil and natural gas properties in North America. As of December 31, 2018, it had mineral interests in 14,841 net royalty acres in the Permian Basin and Eagle Ford Shale with estimated proved oil and natural gas reserves of 63,136 thousand barrels of crude oil equivalent.

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Earnings History and Estimates for Viper Energy Partners (NASDAQ:VNOM)

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