Viper Energy Partners (NASDAQ:VNOM) announced its quarterly earnings data on Tuesday. The oil and gas producer reported $0.04 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by ($0.03), Briefing.com reports. The company had revenue of $72.19 million during the quarter, compared to analyst estimates of $69.49 million. Viper Energy Partners had a net margin of 46.62% and a return on equity of 2.33%. Viper Energy Partners’s revenue was down 4.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.35 earnings per share.
Shares of VNOM traded up $2.11 during midday trading on Wednesday, hitting $32.36. The company’s stock had a trading volume of 26,094 shares, compared to its average volume of 322,639. Viper Energy Partners has a one year low of $22.76 and a one year high of $44.00. The company’s fifty day moving average price is $29.82. The company has a debt-to-equity ratio of 0.10, a current ratio of 20.09 and a quick ratio of 20.09. The company has a market cap of $3.99 billion, a PE ratio of 30.06 and a beta of 1.38.
VNOM has been the subject of several analyst reports. TheStreet cut ZTO Express (Cayman) from a “b+” rating to a “c” rating in a report on Wednesday, May 1st. Northland Securities reaffirmed a “sell” rating and issued a $34.00 price objective on shares of Inphi in a report on Wednesday, May 1st. ValuEngine raised Yirendai from a “strong sell” rating to a “sell” rating in a report on Friday, May 3rd. Barclays cut Buckeye Partners from an “overweight” rating to an “equal weight” rating in a report on Monday, May 13th. Finally, Zacks Investment Research raised GRIFOLS S A/S from a “sell” rating to a “hold” rating in a report on Friday, April 12th. One research analyst has rated the stock with a sell rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $41.31.
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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