Viper Energy Partners LP (NASDAQ: VNOM) has reported E.P.S. of $1.11 for its third fiscal quarter (ending September 30) versus $1.06 for the same period a year ago — an increase of 5%. Relative to the consensus estimate of $0.49, this was a premium of $0.62. For the latest four quarters through September 30, E.P.S. were $2.28 compared to $2.20 a year ago — an increase of 4%.
Recent Price Action
On 11/6/23, Viper Energy Partners LP (NASDAQ: VNOM) stock declined modestly by -0.5%, closing at $28.17. Relative to the market the stock has been strong over the last nine months but has declined -1.6% during the last week.
Current PriceTarget Research Rating
VNOM’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Viper Energy Partners has a current Value Trend Rating of D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing contradictory signals. Viper Energy Partners has a poor Appreciation Score of 17 but a slightly positive Power Rating of 67, triggering the Negative Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
Be the first to comment