News headlines about Viper Energy Partners (NASDAQ:VNOM) have been trending somewhat positive on Wednesday, Accern Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Viper Energy Partners earned a daily sentiment score of 0.13 on Accern’s scale. Accern also gave media coverage about the oil and gas producer an impact score of 46.8601077636289 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Shares of Viper Energy Partners (NASDAQ:VNOM) traded down $0.42 during midday trading on Wednesday, hitting $21.93. 386,236 shares of the company traded hands, compared to its average volume of 395,980. The stock has a market capitalization of $2,500.00, a P/E ratio of 20.89 and a beta of 1.04. Viper Energy Partners has a 12 month low of $14.76 and a 12 month high of $26.19. The company has a current ratio of 9.86, a quick ratio of 9.86 and a debt-to-equity ratio of 0.10.
Viper Energy Partners (NASDAQ:VNOM) last announced its earnings results on Tuesday, February 6th. The oil and gas producer reported $0.37 EPS for the quarter, beating the Zacks’ consensus estimate of $0.29 by $0.08. Viper Energy Partners had a net margin of 64.80% and a return on equity of 13.92%. The firm had revenue of $59.20 million for the quarter, compared to analysts’ expectations of $51.28 million. During the same quarter in the previous year, the business posted $0.19 EPS. The company’s quarterly revenue was up 112.2% on a year-over-year basis. equities analysts predict that Viper Energy Partners will post 1.39 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Monday, February 26th. Investors of record on Monday, February 19th were paid a $0.46 dividend. This is a boost from Viper Energy Partners’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $1.84 dividend on an annualized basis and a yield of 8.39%. Viper Energy Partners’s payout ratio is presently 175.24%.
VNOM has been the subject of several analyst reports. BidaskClub downgraded shares of Viper Energy Partners from a “strong-buy” rating to a “buy” rating in a report on Saturday. Piper Jaffray Companies set a $32.00 price objective on shares of Viper Energy Partners and gave the stock a “buy” rating in a report on Tuesday, February 27th. Citigroup increased their target price on shares of Viper Energy Partners from $22.00 to $24.00 and gave the stock a “buy” rating in a research report on Thursday, February 22nd. Northland Securities reiterated a “buy” rating and set a $29.00 target price on shares of Viper Energy Partners in a research report on Thursday, February 8th. Finally, ValuEngine upgraded shares of Viper Energy Partners from a “hold” rating to a “buy” rating in a research report on Thursday, February 8th. One equities research analyst has rated the stock with a hold rating and fourteen have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $26.92.
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Viper Energy Partners Company Profile
Viper Energy Partners LP is engaged in owning, acquiring and exploiting oil and natural gas properties in North America. The Company’s assets are located in the Permian Basin of West Texas. As of December 31, 2016, the Permian Basin consisted of approximately 85,000 square miles. As of December 31, 2016, its assets consisted of mineral interests underlying 107,568 gross acres in the Permian Basin.
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