Viper Energy Partners LP (VNOM) reported quarterly earnings results on Tuesday, May-3-2016. The company reported $-0.29 earnings per share for the quarter, missing the analyst consensus estimate by $-0.32. Analysts had a consensus of $0.03. Analysts expectations of $14.99 million.
Viper Energy Partners LP closed down -0.19 points or -1.00% at $18.89 with 8,372 shares getting traded on Monday. Post opening the session at $19.07, the shares hit an intraday low of $18.64 and an intraday high of $19.3031 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
In a different news, on Dec 22, 2015, Michael L. Hollis (director) purchased 1,000 shares at $14.33 per share price. According to the SEC, on Dec 22, 2015, Elizabeth Moses (VP – Bus. Dev. and Land) purchased 4,443 shares at $14.02 per share price.
Viper Energy Partners LP is a limited partnership that owns acquires and exploits oil and natural gas properties in North America. The Company’s assets consist of mineral interests in oil and natural gas properties in the Permian Basin in West Texas which consists of approximately 85000 square miles centered on Midland Texas. The Company’s initial assets consist of mineral interests underlying approximately 14804 gross (12687 net) acres in Midland County Texas in the Permian Basin. As of December 31 2014 the Company’s total acreage position in the Permian Basin was 24528 gross (15948 net) acres. Diamondback is the operator of approximately 43% of this acreage. The estimated proved oil and natural gas reserves of the Company’s assets as of December 31 2014 were 18510 one thousand barrels of crude oil equivalent (MBOE). The Company’s general partner is Viper Energy Partners GP LLC.