Viper Energy Partners LP (NASDAQ:VNOM)’s share price dropped 3% during trading on Thursday . The company traded as low as $18.62 and last traded at $18.68, with a volume of 57,685 shares. The stock had previously closed at $19.25.

VNOM has been the subject of a number of recent research reports. Zacks Investment Research cut shares of Viper Energy Partners from a “hold” rating to a “sell” rating in a research note on Wednesday, April 20th. Sterne Agee CRT reissued a “neutral” rating on shares of Viper Energy Partners in a research note on Monday, May 16th. Piper Jaffray Cos. initiated coverage on shares of Viper Energy Partners in a research note on Monday. They issued an “overweight” rating and a $22.00 price objective for the company. Finally, Simmons reissued an “overweight” rating and issued a $22.00 price objective on shares of Viper Energy Partners in a research note on Monday. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $19.56.

The company has a 50-day moving average price of $19.04 and a 200-day moving average price of $16.88. The stock’s market capitalization is $1.49 billion.

Viper Energy Partners (NASDAQ:VNOM) last issued its quarterly earnings results on Tuesday, May 3rd. The company reported ($0.29) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by $0.32. Equities analysts predict that Viper Energy Partners LP will post $0.39 earnings per share for the current year.

A hedge fund recently raised its stake in Viper Energy Partners stock. Boston Partners boosted its position in Viper Energy Partners LP (NASDAQ:VNOM) by 27.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 935,532 shares of the company’s stock after buying an additional 202,709 shares during the period. Boston Partners owned about 1.17% of Viper Energy Partners worth $13,060,000 at the end of the most recent reporting period.

Viper Energy Partners LP is a limited partnership that owns, acquires and exploits oil and natural gas properties in North America. The Company’s assets consist of mineral interests in oil and natural gas properties in the Permian Basin in West Texas, which consists of approximately 85,000 square miles centered on Midland, Texas.

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