|Bid||31.1900 x 900|
|Ask||31.2400 x 800|
|Day's Range||29.8550 - 31.2600|
|52 Week Range||14.7600 - 34.4900|
|PE Ratio (TTM)||25.50|
|Earnings Date||Jul 30, 2018 - Aug 3, 2018|
|Forward Dividend & Yield||1.92 (5.94%)|
|1y Target Est||35.73|
Upstream MLP Legacy Reserves (LGCY), which is involved in crude oil, natural gas, and NGL (natural gas liquid) production, was the strongest MLP in H1 2018. LGCY stock rose by a massive 329% due to the company’s EBITDA rising 76% YoY (year-over-year) in Q1 2018 and improved financial position, strong crude oil prices, and analysts upgrading their ratings. For a review of the MLP’s fundamentals and technicals, read Legacy Reserves Has Risen ~45% from the Lows in May.
Viper Energy Partners (VNOM) has risen ~4% since the beginning of this month. The partnership continues to trade above its 50-day and 200-day moving averages. Currently, the partnership is trading ~11.0% and ~36.0% above its 50-day simple moving average and 200-day simple moving average, respectively. Recently, the 50-day simple moving average acted as a key support level, which indicates bullish sentiment in the stock.
Viper Equity Partners (VNOM), a royalty and mineral interest owner MLP, saw new coverage initiation and an upward target price revision last week. TD Securities initiated coverage on Viper Equity Partners with a “buy” rating last week. At the same time, Euro Pacific Capital increased Viper Energy Partners’ target price to $37 from $33 and maintained a “buy” rating.
WallStEquities.com has initiated research coverage on Suncor Energy Inc. (NYSE: SU), Viper Energy Partners L.P. (NASDAQ: VNOM), WildHorse Resource Development Corp. (NYSE: WRD), and Zion Oil & Gas Inc. (NASDAQ: ZN). According to an article on The Motley Fool, the biggest drivers of Independent Oil and Gas companies are unquestionably oil and gas prices.
The SGL-2 Speculative Grade Liquidity (SGL) rating was affirmed reflecting good liquidity. "The upgrade and the positive outlook reflects our expectation that Diamondback will achieve significant production and reserves growth through 2019 while keeping a strong balance sheet and managing its business largely within operating cash flow," said Sajjad Alam, Moody's Senior Analyst.
Legacy Reserves (LGCY), an upstream MLP involved in crude oil, natural gas, and NGLs (natural gas liquids) production, was the top MLP gainer in the week ending June 22. Legacy Reserves rallied 14.3% due to strong crude oil prices ahead of OPEC’s meeting and the sharp rise in crude oil prices following OPEC’s meeting. The partnership is expected to benefit from the narrowing of the WTI Cushing-WTI Midland spread last week, which we discussed in the previous part. Overall, Legacy Reserves has gained 337.9% since the beginning of this year.
This analysis is intended to introduce important early concepts to people who are starting to invest and looking to gauge the potential return on investment in Viper Energy Partners LPRead More...
Stifel downgraded Viper Energy Partners (VNOM) in the week ending June 8. Stifel lowered Viper Energy Partners to “hold” from “buy.” Stifel lowered the target price to $32 from $33. Now, 85.7% of the analysts surveyed by Reuters rate Viper Energy Partners as a “buy,” while 14.3% rate it as a “hold.” Currently, Viper Energy Partners is trading below the low range ($29) of analysts’ target price. Viper Energy Partners’ average target price of $34.6 implies ~26% upside potential from the current price levels.
In the week ending June 8, Viper Energy Partners (VNOM), a royalty and mineral interest owner MLP, continued to be among the top MLP losses for the second consecutive week. Viper Energy Partners fell 9.5% last week. The partnership’s sharp decline last week could be due to its rating downgrade by Stifel and weakness in crude oil prices.
A sizeable part of portfolio returns can be produced by dividend stocks due to their contribution to compounding returns in the long run. In the past 4 years Viper EnergyRead More...
Stocks closed higher Friday, after a good employment report set the tone for broad gains on Wall Street.
On Wednesday, May 23, 2018, the NASDAQ Composite, the Dow Jones Industrial Average, and the S&P 500 edged higher at the closing bell. Six out of nine sectors ended Wednesday's trading session in bullish territories. Taking into consideration yesterday's market sentiment, WallStEquities.com assessed the following Independent Oil & Gas equities this morning: Suncor Energy Inc. (NYSE: SU), Viper Energy Partners LP (NASDAQ: VNOM), WildHorse Resource Development Corp. (NYSE: WRD), and Zion Oil & Gas Inc. (NASDAQ: ZN).
NEW YORK, May 21, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Meritage ...
With an ROE of 15.08%, Viper Energy Partners LP (NASDAQ:VNOM) outpaced its own industry which delivered a less exciting 11.26% over the past year. Superficially, this looks great since weRead More...
Oil is off of last week's high as I write this, but West Texas Intermediate is still trading above $70 a barrel, which is close to a three-year record. Diamondback Energy, which had rallied last Wednesday in response to a strong earnings report, sold off hard on Thursday and Friday in response to the WSJ story.
Oil is off of last week's high as I write this, but West Texas Intermediate is still trading above $70 a barrel, which is close to a three-year record. Now, working in the financial-services industry for most of my adult life, I've always been stunned by the public's lack of awareness regarding economic conditions and trends. The knee-jerk reaction from the public will probably be to blame President Donald Trump's withdrawal last week from the Iran nuclear deal, but the forces that have conspired to raise crude prices are much more complex.
Viper Energy Partners LP (VNOM) (“Viper”), a subsidiary of Diamondback Energy, Inc. (FANG) (“Diamondback”), today announced that Viper’s federal income tax status change from that of a pass-through partnership to that of a taxable entity via a “check the box” election will be effective as of tomorrow, May 10, 2018. Viper is a limited partnership formed by Diamondback to own, acquire and exploit oil and natural gas properties in North America, with a focus on oil-weighted basins, primarily the Permian Basin in West Texas and the Eagle Ford Shale.
DALLAS , May 7, 2018 /PRNewswire/ -- Alerian reported index linked product positions of $13.5 billion as of March 31, 2018 . Linked products include exchange-traded funds, exchange-traded notes, return ...
The Midland, Texas-based company said it had profit of 38 cents per share. The results topped Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was ...
Viper Energy, Anadarko and Concho Resources topped quarterly estimates late Tuesday, after Noble Energy beat earlier in the day, continuing a busy week for shale earnings.
MIDLAND, Texas, May 01, 2018-- Viper Energy Partners LP, a subsidiary of Diamondback Energy, Inc., today announced financial and operating results for the first quarter ended March 31, 2018.. Q1 2018 cash ...
Here are today’s top growth stocks that have just been added to the IBD stock lists, including the IBD 50, IPO Leaders and the IBD Big Cap 20.
MIDLAND, Texas, April 24, 2018-- Viper Energy Partners LP, a subsidiary of Diamondback Energy, Inc., announced that they plan to release first quarter 2018 financial results on May 1, 2018 after the market ...
Legacy Reserves (LGCY), an upstream MLP involved in crude oil, natural gas, and NGLs (natural gas liquids) production, was the top MLP gainer in the week ending April 13, 2018. Legacy Reserves rallied 17.4% last week. The rally was mainly due to strong gains in crude oil prices.