Will the Recent UBS Upgrade Help Viper Energy (NASDAQ:VNOM) Shares This Week?

March 18, 2018 - By Michael Collier

  Will the Recent UBS Upgrade Help Viper Energy (NASDAQ:VNOM) Shares This Week?

Viper Energy (NASDAQ:VNOM) Stock Upgrade

UBS has raised shares of Viper Energy (NASDAQ:VNOM) to a respectable Buy rating in an analyst note shared with investors and clients today, and has set a 12 month PT of $27.0, which is 18.89 % from VNOM’s share price currently.

Viper Energy Partners LP (NASDAQ:VNOM) Ratings Coverage

Among 15 analysts covering Viper Energy Partners (NASDAQ:VNOM), 14 have Buy rating, 0 Sell and 1 Hold. Therefore 93% are positive. Viper Energy Partners has $32.0 highest and $17 lowest target. $24.40’s average target is 7.44% above currents $22.71 stock price. Viper Energy Partners had 41 analyst reports since August 7, 2015 according to SRatingsIntel. Stifel Nicolaus maintained Viper Energy Partners LP (NASDAQ:VNOM) on Thursday, November 5 with “Buy” rating. Stifel Nicolaus maintained the shares of VNOM in report on Thursday, July 13 with “Buy” rating. PiperJaffray maintained it with “Overweight” rating and $20 target in Monday, September 18 report. Barclays Capital maintained Viper Energy Partners LP (NASDAQ:VNOM) rating on Monday, October 16. Barclays Capital has “Overweight” rating and $20 target. On Tuesday, January 31 the stock rating was upgraded by Credit Suisse to “Outperform”. The stock has “Buy” rating by Northland Capital on Monday, November 13. Stifel Nicolaus maintained the stock with “Buy” rating in Thursday, June 29 report. The firm has “Buy” rating by Citigroup given on Monday, October 30. On Monday, December 11 the stock rating was initiated by Credit Suisse with “Buy”. The stock of Viper Energy Partners LP (NASDAQ:VNOM) earned “Strong Buy” rating by Raymond James on Tuesday, February 21.

The stock increased 1.29% or $0.29 during the last trading session, reaching $22.71. About 602,200 shares traded or 40.94% up from the average. Viper Energy Partners LP (NASDAQ:VNOM) has declined 0.22% since March 18, 2017 and is downtrending. It has underperformed by 16.92% the S&P500.

Analysts await Viper Energy Partners LP (NASDAQ:VNOM) to report earnings on May, 1. They expect $0.32 EPS, up 45.45 % or $0.10 from last year’s $0.22 per share. VNOM’s profit will be $36.44 million for 17.74 P/E if the $0.32 EPS becomes a reality. After $0.37 actual EPS reported by Viper Energy Partners LP for the previous quarter, Wall Street now forecasts -13.51 % negative EPS growth.

Viper Energy Partners LP owns, acquires, and exploits oil and natural gas properties in North America. The company has market cap of $2.59 billion. The firm holds mineral interests covering an area of approximately 30,442 net acres in the Permian Basin, West Texas. It has a 21.24 P/E ratio. As of December 31, 2015, its estimated proved oil and natural gas reserves consisted of 31,435 thousand barrels of crude oil equivalent.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.