Equities research analysts at Credit Suisse Group initiated coverage on shares of Viper Energy Partners (NASDAQ:VNOM) in a research note issued to investors on Monday. The brokerage set an “outperform” rating and a $25.00 price target on the oil and gas producer’s stock. Credit Suisse Group’s price target points to a potential upside of 14.78% from the stock’s previous close.
A number of other brokerages also recently weighed in on VNOM. UBS raised shares of Viper Energy Partners from a “neutral” rating to a “buy” rating and upped their price target for the stock from $19.00 to $27.00 in a report on Tuesday, December 5th. BidaskClub raised shares of Viper Energy Partners from a “hold” rating to a “buy” rating in a report on Saturday, December 2nd. Northland Securities set a $24.00 price target on shares of Viper Energy Partners and gave the stock a “buy” rating in a report on Monday, November 13th. SunTrust Banks began coverage on shares of Viper Energy Partners in a report on Wednesday, November 29th. They set a “buy” rating for the company. Finally, Zacks Investment Research downgraded shares of Viper Energy Partners from a “buy” rating to a “hold” rating in a report on Tuesday, November 14th. Two research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. Viper Energy Partners currently has a consensus rating of “Buy” and an average target price of $22.55.
Viper Energy Partners (NASDAQ VNOM) traded down $0.22 during midday trading on Monday, reaching $21.78. 356,200 shares of the company’s stock were exchanged, compared to its average volume of 235,893. The company has a quick ratio of 8.92, a current ratio of 8.92 and a debt-to-equity ratio of 0.04. The company has a market cap of $2,505.40, a P/E ratio of 25.00, a P/E/G ratio of 1.52 and a beta of 1.06. Viper Energy Partners has a 52-week low of $14.76 and a 52-week high of $22.66.
Viper Energy Partners (NASDAQ:VNOM) last posted its quarterly earnings data on Tuesday, October 24th. The oil and gas producer reported $0.24 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.02. Viper Energy Partners had a net margin of 60.87% and a return on equity of 12.08%. The firm had revenue of $42.21 million during the quarter, compared to the consensus estimate of $40.88 million. During the same quarter in the previous year, the firm posted $0.12 EPS. The business’s revenue for the quarter was up 111.2% compared to the same quarter last year. research analysts forecast that Viper Energy Partners will post 0.96 earnings per share for the current fiscal year.
Large investors have recently modified their holdings of the stock. Penserra Capital Management LLC bought a new position in Viper Energy Partners in the 3rd quarter valued at approximately $106,000. Credit Suisse AG bought a new position in Viper Energy Partners in the 1st quarter valued at approximately $270,000. Renaissance Technologies LLC bought a new position in Viper Energy Partners in the 1st quarter valued at approximately $281,000. Virtu KCG Holdings LLC lifted its stake in Viper Energy Partners by 77.4% in the 2nd quarter. Virtu KCG Holdings LLC now owns 19,160 shares of the oil and gas producer’s stock valued at $301,000 after purchasing an additional 8,357 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. lifted its stake in Viper Energy Partners by 9.6% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 19,771 shares of the oil and gas producer’s stock valued at $310,000 after purchasing an additional 1,726 shares during the last quarter. 27.14% of the stock is owned by institutional investors and hedge funds.
COPYRIGHT VIOLATION WARNING: This article was first published by TrueBlueTribune and is owned by of TrueBlueTribune. If you are reading this article on another publication, it was copied illegally and reposted in violation of US & international copyright & trademark laws. The legal version of this article can be viewed at https://www.truebluetribune.com/2017/12/12/viper-energy-partners-vnom-now-covered-by-analysts-at-credit-suisse-group.html.
About Viper Energy Partners
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.
Receive News & Ratings for Viper Energy Partners LP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Viper Energy Partners LP and related companies with MarketBeat.com's FREE daily email newsletter.