Viper Energy Partners LP (VNOM) is Resumed by Piper Jaffray to Overweight, Price Target at $22

Viper Energy Partners LP (VNOM) was Resumed by Piper Jaffray to “Overweight” and the brokerage firm has set the Price Target at $22. Piper Jaffray advised their investors in a research report released on Jul 11, 2016.

Many Wall Street Analysts have commented on Viper Energy Partners LP. Piper Jaffray Resumed Viper Energy Partners LP on Jul 11, 2016 to “Overweight”, Price Target of the shares are set at $22.

On the company’s financial health, Viper Energy Partners LP reported $-0.29 EPS for the quarter, missing the analyst consensus estimate by $ -0.32 based on the information available during the earnings call on May 3, 2016. Analyst had a consensus of $0.03.Analysts expectations of $ 14.99.

Viper Energy Partners LP closed down -0.01 points or -0.05% at $18.94 with 4,639 shares getting traded on Friday. Post opening the session at $19.12, the shares hit an intraday low of $18.94 and an intraday high of $19.16 and the price fluctuated in this range throughout the day.Shares ended Friday 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.

Viper Energy Partners LP

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