39.00 +0.63 (1.64%)
Pre-Market: 7:00AM EDT
|Bid||38.50 x 800|
|Ask||39.40 x 800|
|Day's Range||38.16 - 39.42|
|52 Week Range||15.89 - 39.42|
|PE Ratio (TTM)||18.71|
|Earnings Date||Oct 22, 2018 - Oct 26, 2018|
|Forward Dividend & Yield||2.40 (6.25%)|
|1y Target Est||40.93|
NEW YORK, August 09, 2018 -- Thisis a test from EQS NEWSWIRE. Readers are advised to disregard. TESTING -- TESTING -- TESTING http://www.accesswire.com/users/newswire/images/509368/TestingUSen.pdf -END-...
NEW YORK, NY / ACCESSWIRE / August 9, 2018 / Viper Energy Partners LP (NASDAQ: VNOM ) will be discussing their earnings results in their Q2 Earnings Call to be held on August 9, 2018 at 11:30 AM Eastern ...
Viper Energy (VNOM) delivered earnings and revenue surprises of -18.42% and 9.79%, respectively, for the quarter ended June 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 $1.35. Earnings, adjusted for pretax gains and non-recurring gains, were 31 cents per share. The results did not meet Wall Street ...
Shale producer Diamondback Energy fell short of earnings estimates late Wednesday and bought more Permian Basin assets, while subsidiary Viper Energy Partners crushed views.
MIDLAND, Texas, Aug. 08, 2018-- Viper Energy Partners LP, a subsidiary of Diamondback Energy, Inc., today announced financial and operating results for the second quarter ended June 30, 2018.. Previously ...
The Nasdaq was on track for a fifth straight advance Monday afternoon thanks to strength in some techs and in its newest big member, PepsiCo.
Strength in Apple stock fueled a modest gain for the Nasdaq composite near midday Wednesday after the index found support at the 50-day moving average Tuesday.
Viper Energy Partners LP (VNOM) (“Viper”), a subsidiary of Diamondback Energy, Inc. (FANG) (“Diamondback”), announced today the pricing of Viper’s public offering of 9,000,000 common units representing limited partner interests at a public offering price of $31.25 per unit. The total gross proceeds of the offering (before underwriters’ discounts and commissions and estimated offering expenses) will be approximately $281.3 million. The underwriters have a 30-day option to purchase up to an additional 1,080,000 common units from Viper.
Viper Energy Partners LP (VNOM) (“Viper” or the “Company”), a subsidiary of Diamondback Energy, Inc. (“Diamondback”), today announced its second quarter 2018 cash distribution, provided an update on second quarter operations and scheduled its second quarter 2018 conference call. The Board of Directors of Viper’s general partner has declared a cash distribution of $0.600 per common unit for the three-month period ended June 30, 2018, payable on August 20, 2018 to common unitholders of record as of the close of business on August 13, 2018.
Viper Energy Partners LP (VNOM) (“Viper”), a subsidiary of Diamondback Energy, Inc. (FANG) (“Diamondback”), announced today that Viper has commenced an underwritten public offering of 9,000,000 common units representing limited partner interests, subject to market and other conditions. Viper anticipates granting the underwriters a 30-day option to purchase up to an additional 1,080,000 common units from Viper. All of the common units to be sold in this offering will be sold by Viper. Viper intends to use the net proceeds from the offering, including any net proceeds from the underwriters’ exercise of their option to purchase additional common units, to purchase units of Viper Energy Partners LLC (“Viper Operating Company”).
Hi-Crush Partners (HCLP), a frac sand producer, was the top MLP gainer last week, which ended on July 27. It saw a massive 40.6% rally, driven by some positive announcements, including the acquisition of FB Industries, a new agreement with an E&P (exploration and production) customer, and a distribution increase. H-Crush announced the acquisition of FB Industries, a company involved in frac sand storage and handling.
So far in this series, we’ve looked at earnings growth expectations for six MLPs, including CVR Refining (CVRR), Hi-Crush Partners (HCLP), USA Compression Partners (USAC), Cheniere Energy Partners (CQP), Shell Midstream Partners (SHLX), and Viper Energy Partners (VNOM). Now let’s look at earnings expectations for MPLX (MPLX).
TD Securities recently initiated coverage on Viper Energy Partners (VNOM) with a “buy” rating. The partnership has seen three rating updates in 2018 so far, including two new coverages and one downgrade. Until recently, VNOM had “buy” ratings from 100.0% of the analysts surveyed by Reuters.
Viper Energy Partners (VNOM), a mineral interest MLP, has seen strong earnings growth in recent quarters, and the trend is expected to continue. It expects its average daily production to be 15.5 MBoe/d (thousand barrels of oil equivalent per day) in Q2 2018, which is 47.7% higher than Q2 2017 and 9.8% higher sequentially. On the other hand, crude oil averaged $67.90 per barrel in Q2 2018 compared to $48.20 per barrel in Q2 2017.
Viper Energy Partners (VNOM) saw the unloading of 2.7 million shares among the top institutional holders during the first quarter. This trend could indicate a bearish sentiment in the stock.
In this article, we’ll look into the technical indicators for Black Stone Minerals (BSM) and Viper Energy Partners (VNOM). Let’s start with their moving averages.
So far in this series, we’ve analyzed the two mineral interest MLPs—Viper Energy Partners (VNOM) and Black Stone Minerals (BSM). We’ve looked at their market performance, operating performance, distributions, and financial position. In this article, we’ll perform a valuation analysis of the two peers.
In the previous article, we looked into the historical distributions and yields for the two royalty interest MLPs—Black Stone Minerals (BSM) and Viper Energy Partners (VNOM). In this article, we’ll look into their financial positions.
Viper Energy (VNOM) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Viper Energy Partners (VNOM) declared a distribution of $0.48 per unit for the first quarter, which represents a 58.9% YoY (year-over-year) increase compared to the first quarter of 2017 and a 4.3% increase compared to the fourth quarter of 2017.
In the previous article, we looked into the proved reserves of the two mineral interest MLPs in our survey—Viper Energy Partners (VNOM) and Black Stone Minerals (BSM). The massive YoY (year-over-year) growth in the partnership’s production is due to the increase in its oil and gas properties and strong drilling activity on its mineral interests.
In this article, we’ll look into the crude exposure of Viper Energy Partners (VNOM) and Black Stone Minerals (BSM). VNOM’s net proved reserves stood at 38,246 Mboe (thousand barrels of oil equivalent) by the end of last year. Crude oil formed 67.6% of the total proved reserves, followed by natural gas liquids (16.5%) and natural gas (15.9%).
Mineral interest MLPs such as Viper Energy Partners (VNOM) and Black Stone Minerals (BSM) have been weak over the recent trading sessions. VNOM and BSM have lost 8.9% and 2.2%, respectively, from their month’s peak. This recent weakness could be attributed to the sharp decline in crude oil prices, as US crude oil has lost 8.2% from the month’s peak.
Mineral interest MLPs own mineral and royalty interests in oil and gas properties. These MLPs receive an upfront cash payment, or lease bonus, on the land leased for exploration and production to the third parties. Moreover, they receive a portion of the production or revenues on mineral royalties and other royalty interests.