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

VNOM has been the subject of a number of research reports. Simmons reiterated an “overweight” rating and issued a $22.00 price target on shares of Viper Energy Partners in a report on Monday, July 11th. Zacks Investment Research lowered Viper Energy Partners from a “hold” rating to a “sell” rating in a report on Thursday, July 7th. Sterne Agee CRT restated a “neutral” rating on shares of Viper Energy Partners in a report on Monday, May 16th. Finally, Piper Jaffray Cos. started coverage on Viper Energy Partners in a report on Monday, July 11th. They set an “overweight” rating and a $22.00 target price for the company. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $19.56.

The company’s 50 day moving average is $19.02 and its 200 day moving average is $16.91. The firm’s market capitalization is $1.52 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 the Thomson Reuters’ consensus estimate of $0.03 by $0.32. Equities research analysts expect that Viper Energy Partners LP will post $0.45 earnings per share for the current year.

An institutional investor recently raised its position in Viper Energy Partners stock. Boston Partners raised its stake in shares of Viper Energy Partners LP (NASDAQ:VNOM) by 27.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund 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 as of its most recent SEC filing.

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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