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NEW YORK, NY / ACCESSWIRE / December 10, 2018 / U.S. stocks closed in the red on Friday as U.S. jobs report fell short of expectations and uncertainty over the U.S. -China trade talk spur markets lower. ...
Moody's Investors Service ("Moody's") upgraded Diamondback Energy, Inc.'s (Diamondback) Corporate Family Rating (CFR) to Ba1 from Ba2, Probability of Default Rating (PDR) to Ba1-PD from Ba2-PD ...
Ligand Pharmaceuticals Inc (NASDAQ:LGND) is a unique type of biotech company. Instead of looking to take a drug or a family of drugs through the entire “lab-to-fab” product development process, LGND focuses on drug discovery, early stage drug development and product reformulation. This is the new age of biotech companies, and LGND is a prime example of how it should be done.
In the MLP space, Hi-Crush Partners (HCLP) fell a massive 18.5% last week. A significant fall in crude oil prices and analyst downgrades likely affected the stock. Hi-Crush Partners has fallen ~37% year-to-date. Concerns about frac sand demand growth falling short of the expected supply have severely affected the stock’s recent performance. U.S. Silica Holdings (SLCA) has fallen 58% year-to-date.
Viper Energy (VNOM) delivered earnings and revenue surprises of -88.37% and -1.72%, respectively, for the quarter ended September 2018. Do the numbers hold clues to what lies ahead for the stock?
On a per-share basis, the Midland, Texas-based company said it had profit of 5 cents. The results missed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research ...
Diamondback Energy's Viper Energy Partners fell short of Q3 forecsts, with Continental Resources also set to report late Monday.
MIDLAND, Texas, Oct. 29, 2018 -- Viper Energy Partners LP (NASDAQ:VNOM) ("Viper" or the “Company”), a subsidiary of Diamondback Energy, Inc. (NASDAQ:FANG) ("Diamondback"),.
Viper Energy Partners (VNOM) is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat.
The partnership is expected to post cash flow from operations of $83.7 million in the third quarter, a rise of 157.0% YoY (year-over-year) and 33.0% sequentially. Viper Energy Partners was trading at a forward price-to-cash flow from operations multiple of 15.9x on October 17, lower than the historical average of 19.9x but higher than those of most exploration and production companies and the industry median of 5.2x. Viper Energy Partners’ premium valuation reflects its high return on capital employed and its high operating margins.
MIDLAND, Texas, Oct. 18, 2018 -- Viper Energy Partners LP (NASDAQ: VNOM) (“Viper”), a subsidiary of Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback”), announced that they.
Viper Energy (VNOM) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
So far in this series, we’ve looked at Northern Oil & Gas (NOG), Denbury Resources (DNR), California Resources (CRC), W&T Offshore (WTI), Whiting Petroleum (WLL), and Penn Virginia (PVAC). In this article, we’ll focus on Viper Energy Partners (VNOM).
Crude oil has been very volatile recently. WTI reached a new four-year high of $76.40 per barrel on October 3, amid supply concerns due to looming Iran sanctions. It then retreated on reports of a possible increase in supplies from Saudi Arabia and Russia to compensate for the loss of Iranian supplies. This retreat was followed by another major sell-off, with US crude falling below $71 per barrel on October 11 due to global markets correcting amid concerns over lower global growth and higher US Treasury yields.
Midstream MLP NuStar Energy (NS), royalty interest owner Viper Energy Partners (VNOM), and downstream MLP CVR Refining (CVRR) fell 8.9%, 8.6%, and 7.7%, respectively, last week. Cheniere Energy Partners (CQP) fell 6.9% for the week. Credit Suisse initiated coverage on Cheniere Energy Partners with an “underperform” rating, which contributed to the stock’s fall.
Over just the last six years, global oil demand per day has jumped by 10.14% according to the International Energy Agency (IEA). The bad news is that global oil production continues to fall behind demand. This glut manifested thanks to members of the Organization of Petroleum Exporting Countries (OPEC) who sought to limit the production gains of the US shale and fracking operations by driving down crude prices to make field investment unprofitable.
Royalty interest owner MLP Viper Energy Partners (VNOM) rose ~32% in the third quarter. The stock has risen ~86% year-to-date. Viper Energy Partners’ interest in the Permian Basin, which has witnessed strong activity, as well as support from sponsor Diamondback Energy (FANG), has contributed to the stock’s outperformance in 2018. Learn more in Why Viper Energy Partners Is Analysts’ Favorite Upstream Company and VNOM, BSM: Comparative Analysis of Two Mineral Interest MLPs.
Q3 Earnings Preview: See who joins IBD 50 stocks Netflix, Match Group, Abiomed and Viper Energy on the list of companies expecting 50% to 308% growth.
The short-stroke and three-weeks-tight patterns offer shareholders a chance to buy more shares. Aggressive traders may use either to initiate or add to an existing stock position.
So far in this series, we have discusses the top four upstream companies based on their one-year returns—Denbury Resources (DNR), California Resources (CRC), W&T Offshore (WTI), and Whiting Petroleum (WLL). In this part, we’ll discuss Viper Energy Partners (VNOM), which is fifth in terms of one-year returns.
Whiting Petroleum (WLL), a North Dakota and Williston Basin focused exploration and production company, is fourth in terms of one-year returns. The company has generated total returns of 137.5% in the past year. All of the returns have been in the form of price appreciation. Similar to Denbury Resources (DNR), Whiting Petroleum is a heavy crude oil–weighted upstream stock. Together, crude oil and natural gas liquids formed ~84% of the company’s total production during the second quarter.
US crude oil has seen a strong rally since the beginning of September. US crude oil breached $72 per barrel. WTI has risen more than 3% in September. The recent positive sentiment in US crude is due to supply concerns amid Iran sanctions. For a recent update and the outlook on US crude oil prices, read Bears Beware: Crude Oil Approaches New High.