Viper Energy Partners LP (VNOM) to Post Q3 2020 Earnings of $0.06 Per Share, Piper Jaffray Companies Forecasts
Viper Energy Partners LP (NASDAQ:VNOM) – Equities researchers at Piper Jaffray Companies dropped their Q3 2020 earnings estimates for shares of Viper Energy Partners in a note issued to investors on Tuesday, May 14th. Piper Jaffray Companies analyst R. Todd now anticipates that the oil and gas producer will post earnings per share of $0.06 for the quarter, down from their previous estimate of $0.09. Piper Jaffray Companies also issued estimates for Viper Energy Partners’ Q4 2020 earnings at $0.05 EPS and FY2020 earnings at $0.20 EPS.
Viper Energy Partners (NASDAQ:VNOM) last posted its quarterly earnings results on Tuesday, April 30th. The oil and gas producer reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.05). The company had revenue of $61.59 million during the quarter, compared to analyst estimates of $68.04 million. Viper Energy Partners had a net margin of 46.62% and a return on equity of 2.33%. During the same period in the prior year, the company earned $0.38 earnings per share.
Shares of NASDAQ:VNOM opened at $31.51 on Thursday. The firm has a market cap of $4.26 billion, a price-to-earnings ratio of 29.18 and a beta of 1.29. Viper Energy Partners has a 1-year low of $22.76 and a 1-year high of $44.00. The company has a debt-to-equity ratio of 0.10, a quick ratio of 20.09 and a current ratio of 20.09.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 20th. Investors of record on Monday, May 13th will be issued a $0.38 dividend. The ex-dividend date of this dividend is Friday, May 10th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 4.82%. Viper Energy Partners’s dividend payout ratio (DPR) is presently 140.74%.
In related news, President Hof Matthew Kaes Van’t sold 2,500 shares of the stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $31.65, for a total value of $79,125.00. Following the sale, the president now owns 42,124 shares of the company’s stock, valued at approximately $1,333,224.60. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.30% of the stock is owned by company insiders.
Several hedge funds have recently added to or reduced their stakes in the stock. Alps Advisors Inc. increased its holdings in shares of Viper Energy Partners by 5.0% in the 1st quarter. Alps Advisors Inc. now owns 11,844 shares of the oil and gas producer’s stock worth $393,000 after acquiring an additional 566 shares during the period. Stephens Inc. AR increased its holdings in shares of Viper Energy Partners by 13.7% in the 1st quarter. Stephens Inc. AR now owns 9,950 shares of the oil and gas producer’s stock worth $330,000 after acquiring an additional 1,200 shares during the period. Cullen Frost Bankers Inc. acquired a new stake in shares of Viper Energy Partners in the 1st quarter worth about $50,000. Capital Investment Advisory Services LLC acquired a new stake in shares of Viper Energy Partners in the 1st quarter worth about $60,000. Finally, Northeast Investment Management increased its holdings in shares of Viper Energy Partners by 30.5% in the 4th quarter. Northeast Investment Management now owns 8,589 shares of the oil and gas producer’s stock worth $224,000 after acquiring an additional 2,007 shares during the period. 33.31% of the stock is currently owned by institutional investors and hedge funds.
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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