Viper Energy Partners (NASDAQ:VNOM)‘s stock had its “buy” rating reissued by analysts at Northland Securities in a research note issued on Thursday. They presently have a $29.00 price objective on the oil and gas producer’s stock. Northland Securities’ price objective indicates a potential upside of 26.86% from the company’s previous close.

Several other equities analysts have also recently issued reports on the company. ValuEngine raised Viper Energy Partners from a “hold” rating to a “buy” rating in a research report on Thursday. SunTrust Banks reaffirmed a “buy” rating and issued a $32.00 price objective on shares of Viper Energy Partners in a research report on Tuesday. Zacks Investment Research cut Viper Energy Partners from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Deutsche Bank began coverage on Viper Energy Partners in a research report on Thursday, February 1st. They issued a “buy” rating and a $27.00 price objective on the stock. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $29.00 price objective on shares of Viper Energy Partners in a research report on Wednesday, January 17th. One research analyst has rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Viper Energy Partners has an average rating of “Buy” and an average price target of $25.64.

Viper Energy Partners (VNOM) traded down $0.28 during mid-day trading on Thursday, reaching $22.86. The company had a trading volume of 436,814 shares, compared to its average volume of 517,706. The company has a market cap of $2,600.00, a PE ratio of 21.77, a PEG ratio of 1.14 and a beta of 1.05. Viper Energy Partners has a fifty-two week low of $14.76 and a fifty-two week high of $26.19. The company has a debt-to-equity ratio of 0.04, a current ratio of 8.92 and a quick ratio of 8.92.

Viper Energy Partners (NASDAQ:VNOM) last released its quarterly earnings data on Tuesday, February 6th. The oil and gas producer reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.10. The business had revenue of $59.20 million for the quarter, compared to analysts’ expectations of $51.28 million. Viper Energy Partners had a return on equity of 14.61% and a net margin of 64.80%. The firm’s quarterly revenue was up 112.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.19 EPS. analysts predict that Viper Energy Partners will post 1.39 EPS for the current year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of Viper Energy Partners by 9.6% during 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 buying an additional 1,726 shares during the period. Thompson Davis & CO. Inc. lifted its holdings in shares of Viper Energy Partners by 940.0% during the 4th quarter. Thompson Davis & CO. Inc. now owns 5,200 shares of the oil and gas producer’s stock valued at $121,000 after buying an additional 4,700 shares during the period. Penserra Capital Management LLC bought a new position in shares of Viper Energy Partners during the 3rd quarter valued at $106,000. Virtu KCG Holdings LLC lifted its holdings in shares of Viper Energy Partners by 77.4% during 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 buying an additional 8,357 shares during the period. Finally, Investment House LLC bought a new position in shares of Viper Energy Partners during the 4th quarter valued at $223,000. 26.95% of the stock is currently owned by hedge funds and other institutional investors.

TRADEMARK VIOLATION NOTICE: This story was originally posted by Daily Political and is the property of of Daily Political. If you are reading this story on another publication, it was copied illegally and republished in violation of U.S. and international copyright laws. The legal version of this story can be viewed at https://www.dailypolitical.com/2018/02/08/viper-energy-partners-vnom-given-buy-rating-at-northland-securities.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.

Analyst Recommendations for Viper Energy Partners (NASDAQ:VNOM)

Receive News & Ratings for Viper Energy Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Viper Energy Partners and related companies with MarketBeat.com's FREE daily email newsletter.