Viper Energy Partners LP (VNOM) Short Interest Down 38.3% in December

Viper Energy Partners LP (NASDAQ:VNOM) saw a significant drop in short interest in December. As of December 29th, there was short interest totalling 621,627 shares, a drop of 38.3% from the December 15th total of 1,008,040 shares. Approximately 1.6% of the company’s stock are sold short. Based on an average daily trading volume, of 294,187 shares, the short-interest ratio is currently 2.1 days.

Hedge funds have recently modified their holdings of the stock. Penserra Capital Management LLC acquired a new position in Viper Energy Partners in the 3rd quarter valued at about $106,000. Virtu KCG Holdings LLC increased its position in Viper Energy Partners by 77.4% in 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 acquiring an additional 8,357 shares during the period. Raymond James Financial Services Advisors Inc. increased its position in Viper Energy Partners by 9.6% in 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 acquiring an additional 1,726 shares during the period. Alps Advisors Inc. acquired a new position in Viper Energy Partners in the 3rd quarter valued at about $514,000. Finally, Scholtz & Company LLC increased its position in Viper Energy Partners by 0.9% in the 2nd quarter. Scholtz & Company LLC now owns 69,345 shares of the oil and gas producer’s stock valued at $1,089,000 after acquiring an additional 625 shares during the period. Hedge funds and other institutional investors own 27.25% of the company’s stock.

A number of research firms have recently commented on VNOM. Northland Securities set a $24.00 target price on Viper Energy Partners and gave the stock a “buy” rating in a research report on Monday, November 13th. Citigroup lifted their target price on Viper Energy Partners from $20.00 to $22.00 and gave the stock a “buy” rating in a research report on Monday, October 30th. Barclays set a $21.00 target price on Viper Energy Partners and gave the stock a “buy” rating in a research report on Thursday, October 26th. UBS Group upgraded Viper Energy Partners from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $19.00 to $27.00 in a research report on Tuesday, December 5th. Finally, BidaskClub upgraded Viper Energy Partners from a “hold” rating to a “buy” rating in a research report on Saturday, December 2nd. One equities research analyst has rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $24.58.

Viper Energy Partners (VNOM) opened at $24.71 on Thursday. The stock has a market capitalization of $2,810.00, a PE ratio of 28.40, a P/E/G ratio of 1.25 and a beta of 1.06. Viper Energy Partners has a 52-week low of $14.76 and a 52-week high of $24.76. 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 issued its quarterly earnings results on Tuesday, October 24th. The oil and gas producer reported $0.24 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.02. The firm had revenue of $42.21 million for the quarter, compared to analysts’ expectations of $40.88 million. Viper Energy Partners had a return on equity of 12.08% and a net margin of 60.87%. The firm’s revenue for the quarter was up 111.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.12 EPS. equities analysts expect that Viper Energy Partners will post 0.96 earnings per share for the current fiscal year.

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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.

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