Brokerages forecast that Viper Energy Partners LP (NASDAQ:VNOM) will report $82.47 million in sales for the current fiscal quarter, according to Zacks Investment Research. Eight analysts have issued estimates for Viper Energy Partners’ earnings, with the highest sales estimate coming in at $96.18 million and the lowest estimate coming in at $76.00 million. Viper Energy Partners reported sales of $78.60 million in the same quarter last year, which would suggest a positive year over year growth rate of 4.9%. The company is scheduled to report its next earnings results on Monday, November 4th.
According to Zacks, analysts expect that Viper Energy Partners will report full-year sales of $321.01 million for the current year, with estimates ranging from $304.00 million to $360.93 million. For the next year, analysts expect that the company will post sales of $487.82 million, with estimates ranging from $421.29 million to $760.80 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that follow Viper Energy Partners.
Viper Energy Partners (NASDAQ:VNOM) last announced its quarterly earnings data on Tuesday, July 30th. The oil and gas producer reported $0.04 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.03). The company had revenue of $72.19 million during the quarter, compared to the consensus estimate of $69.49 million. Viper Energy Partners had a return on equity of 0.62% and a net margin of 13.18%. The business’s revenue was down 4.1% on a year-over-year basis. During the same period in the prior year, the firm posted $1.35 EPS.
NASDAQ:VNOM traded down $0.79 during mid-day trading on Friday, hitting $28.94. 17,459 shares of the stock traded hands, compared to its average volume of 391,564. The business’s 50-day moving average price is $29.96 and its 200 day moving average price is $31.46. The company has a market cap of $4.02 billion, a PE ratio of 26.79 and a beta of 1.35. Viper Energy Partners has a 12-month low of $22.76 and a 12-month high of $44.00. The company has a quick ratio of 17.70, a current ratio of 17.70 and a debt-to-equity ratio of 0.13.
The company also recently announced a quarterly dividend, which was paid on Wednesday, August 21st. Shareholders of record on Wednesday, August 14th were paid a dividend of $0.47 per share. This is a boost from Viper Energy Partners’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend was Tuesday, August 13th. This represents a $1.88 dividend on an annualized basis and a yield of 6.50%. Viper Energy Partners’s dividend payout ratio (DPR) is presently 174.07%.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Northern Trust Corp boosted its stake in shares of Viper Energy Partners by 12.7% during the fourth quarter. Northern Trust Corp now owns 61,141 shares of the oil and gas producer’s stock valued at $1,592,000 after purchasing an additional 6,908 shares during the period. Geode Capital Management LLC raised its holdings in Viper Energy Partners by 15.8% in the fourth quarter. Geode Capital Management LLC now owns 38,970 shares of the oil and gas producer’s stock worth $1,014,000 after purchasing an additional 5,324 shares in the last quarter. Raymond James Trust N.A. bought a new position in Viper Energy Partners in the first quarter worth about $230,000. Capital Investment Advisory Services LLC bought a new position in Viper Energy Partners in the first quarter worth about $60,000. Finally, Baldwin Brothers Inc. MA bought a new position in Viper Energy Partners in the first quarter worth about $157,000. Institutional investors own 38.92% of the company’s stock.
About Viper Energy Partners
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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