Viper Energy Partners LP (VNOM) Expected to Post Quarterly Sales of $71.25 Million
Wall Street brokerages forecast that Viper Energy Partners LP (NASDAQ:VNOM) will announce $71.25 million in sales for the current quarter, according to Zacks Investment Research. Eight analysts have provided estimates for Viper Energy Partners’ earnings, with the lowest sales estimate coming in at $59.00 million and the highest estimate coming in at $94.43 million. Viper Energy Partners posted sales of $62.44 million during the same quarter last year, which indicates a positive year-over-year growth rate of 14.1%. The company is scheduled to issue its next quarterly earnings report on Tuesday, May 7th.
On average, analysts expect that Viper Energy Partners will report full year sales of $328.68 million for the current year, with estimates ranging from $278.00 million to $475.17 million. For the next year, analysts forecast that the business will post sales of $453.53 million, with estimates ranging from $364.24 million to $694.71 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow Viper Energy Partners.
Viper Energy Partners (NASDAQ:VNOM) last announced its earnings results on Tuesday, February 5th. The oil and gas producer reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.17). Viper Energy Partners had a return on equity of 6.74% and a net margin of 49.62%. The firm had revenue of $73.67 million during the quarter, compared to the consensus estimate of $81.53 million. During the same period in the prior year, the company posted $0.37 EPS.
VNOM stock traded down $0.14 on Monday, reaching $33.64. 323,776 shares of the company traded hands, compared to its average volume of 677,843. Viper Energy Partners has a one year low of $22.35 and a one year high of $44.00. The company has a quick ratio of 10.84, a current ratio of 10.84 and a debt-to-equity ratio of 0.33. The firm has a market cap of $4.17 billion, a PE ratio of 31.15 and a beta of 1.32.
The firm also recently announced a quarterly dividend, which was paid on Monday, February 25th. Shareholders of record on Tuesday, February 19th were paid a dividend of $0.51 per share. The ex-dividend date was Friday, February 15th. This represents a $2.04 annualized dividend and a yield of 6.06%. Viper Energy Partners’s dividend payout ratio is 188.89%.
In other Viper Energy Partners news, President Hof Matthew Kaes Van’t sold 5,000 shares of the stock in a transaction on Thursday, December 20th. The stock was sold at an average price of $25.76, for a total transaction of $128,800.00. Following the sale, the president now directly owns 52,673 shares in the company, valued at approximately $1,356,856.48. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.30% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in VNOM. Capital World Investors purchased a new position in shares of Viper Energy Partners in the 3rd quarter worth $166,610,000. CI Investments Inc. purchased a new position in Viper Energy Partners during the fourth quarter valued at $37,850,000. HITE Hedge Asset Management LLC lifted its position in Viper Energy Partners by 221.4% during the fourth quarter. HITE Hedge Asset Management LLC now owns 1,735,295 shares of the oil and gas producer’s stock valued at $45,187,000 after purchasing an additional 1,195,378 shares in the last quarter. Eagle Asset Management Inc. purchased a new position in Viper Energy Partners during the third quarter valued at $49,279,000. Finally, Wells Fargo & Company MN lifted its position in Viper Energy Partners by 571.0% during the third quarter. Wells Fargo & Company MN now owns 1,226,697 shares of the oil and gas producer’s stock valued at $51,644,000 after purchasing an additional 1,043,868 shares in the last quarter. Hedge funds and other institutional investors own 32.23% of the company’s stock.
Viper Energy Partners Company Profile
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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