VNOM stock has undergone multiple analysts rating changes in the recent past. Viper Energy Partners stock Target Raised by Piper Sandler on 10/13/2021. In a note to investors, the firm issued a new target price of $25.00. The analysts previously had $20.00 target price. Piper Sandler’s price target would indicate a potential upside of 7.43% from the stock’s previous close.
Shares of Viper Energy Partners traded down -$0.16 on Tuesday, reaching $23.11. 82374 shares of the stock traded hands, compared to its average volume of 394442. On Tuesday, Shares of Viper Energy Partners closed at $23.11. The firm’s 50 day moving average is $19.68 and its 200 day moving average is $17.46.Viper Energy Partners has a 12 month low of $6.52 and a 12 month high of $23.80. While on yearly highs and lows, Viper Energy Partners today has traded high as $23.25 and has touched $22.80 on the downward trend.
Viper Energy Partners Earnings and What to expect:
Viper Energy Partners last announced its earnings data on August 1st, 2021. The oil and gas producer reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.01. The company had revenue of $114.20 million for the quarter, compared to analyst estimates of $88.83 million. Its quarterly revenue was up 249.2% compared to the same quarter last year. Viper Energy Partners has generated $0.28 earnings per share over the last year (($0.40) diluted earnings per share). Earnings for Viper Energy Partners are expected to grow by 51.22% in the coming year, from $0.41 to $0.62 per share. Viper Energy Partners has confirmed that its next quarterly earnings report will be published on Monday, November 1st, 2021. Viper Energy Partners will be holding an earnings conference call on Tuesday, November 2nd at 11:00 AM Eastern. Interested parties can or dial in at 404-537-3406 with passcode “8077109”.
Earnings for Viper Energy Partners are expected to grow by 51.22% in the coming year, from $0.41 to $0.62 per share. The P/E ratio of Viper Energy Partners is -58.18, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. The P/E ratio of Viper Energy Partners is -58.18, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. Viper Energy Partners has a P/B Ratio of 1.96. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.
Viper Energy Partners (NASDAQ:VNOM) Moving Average Technical Analysis
5 day Moving Average is $$23.06 And 5 day price change is $0.52 (2.30%) with average volume for 5 day average is 309,362. While technical analysis for average 20 days shows significant difference, 20 day moving average is $21.78 and 20 day price change is $3.23 (16.26%) and average 20 day moving volume is 461,405. 50 day moving average is $19.68 and 50 day price change is $5.13 ( 28.55%) and with average volume for 50 days is : 383,082. 200 day moving average is $17.46 and 200 day price change is $11.36 (96.76%) and with average volume for 200 days is : 511,380.
Other owners latest trading in VNOM :
- On 10/7/2021 shares held by Global Trust Asset Management LLC were 4,055 which equates to market value of $89K and appx 0.00% owners of VNOM
- On 9/3/2021 shares held by Parametric Portfolio Associates LLC were 180,297 which equates to market value of $3.40M and appx 0.00% owners of VNOM
- On 8/26/2021 shares held by Comerica Bank were 622,815 which equates to market value of $10.48M and appx 0.10% owners of VNOM
- In total Institutional ownership equates to Institutional Ownership Percentage: 30.74% for VNOM
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