Somewhat Critical Media Coverage Very Unlikely to Affect Viper Energy Partners (VNOM) Stock Price
Media headlines about Viper Energy Partners (NASDAQ:VNOM) have trended somewhat negative on Saturday, according to Alpha One. Alpha One, a division of Accern, rates the sentiment of news coverage by monitoring more than twenty million blog and news sources in real time. Alpha One ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Viper Energy Partners earned a news impact score of -0.01 on Alpha One’s scale. Alpha One also assigned media headlines about the oil and gas producer an impact score of 22 out of 100, indicating that recent news coverage is very unlikely to have an effect on the stock’s share price in the near term.
A number of research firms recently weighed in on VNOM. Piper Jaffray Companies began coverage on shares of Viper Energy Partners in a research report on Saturday, May 27th. They set a “buy” rating and a $22.00 price target on the stock. Scotiabank reissued a “hold” rating and set a $20.00 price target on shares of Viper Energy Partners in a research report on Monday, March 27th. Zacks Investment Research raised shares of Viper Energy Partners from a “sell” rating to a “hold” rating in a research report on Saturday, May 6th. TheStreet raised shares of Viper Energy Partners from a “c” rating to a “b-” rating in a research report on Monday, April 17th. Finally, Citigroup Inc. started coverage on shares of Viper Energy Partners in a research report on Friday, March 31st. They issued a “buy” rating and a $20.00 price objective on the stock. Three equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $20.20.
Shares of Viper Energy Partners (VNOM) traded up 1.12% during mid-day trading on Friday, reaching $16.30. 532,300 shares of the company’s stock traded hands. Viper Energy Partners has a 12-month low of $13.53 and a 12-month high of $19.60. The stock has a market cap of $1.59 billion, a price-to-earnings ratio of 42.78 and a beta of 0.92. The firm’s 50 day moving average price is $17.34 and its 200-day moving average price is $17.13.
Viper Energy Partners (NASDAQ:VNOM) last announced its quarterly earnings results on Tuesday, May 2nd. The oil and gas producer reported $0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.03. The firm had revenue of $33.65 million for the quarter, compared to the consensus estimate of $29.06 million. Viper Energy Partners had a net margin of 33.56% and a return on equity of 9.84%. Equities research analysts forecast that Viper Energy Partners will post $0.97 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, May 25th. Stockholders of record on Thursday, May 18th were issued a dividend of $0.302 per share. This represents a $1.21 dividend on an annualized basis and a dividend yield of 7.41%. The ex-dividend date of this dividend was Tuesday, May 16th. This is an increase from Viper Energy Partners’s previous quarterly dividend of $0.26. Viper Energy Partners’s dividend payout ratio (DPR) is presently 345.72%.
In other Viper Energy Partners news, Director Michael L. Hollis acquired 1,389 shares of the stock in a transaction dated Friday, May 5th. The shares were purchased at an average price of $18.00 per share, for a total transaction of $25,002.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Steven E. West acquired 14,000 shares of the stock in a transaction dated Wednesday, May 17th. The stock was acquired at an average price of $17.83 per share, for a total transaction of $249,620.00. Following the purchase, the director now directly owns 14,000 shares in the company, valued at $249,620. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 22,474 shares of company stock worth $399,785.
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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.
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