Viper Energy Partners LP (NASDAQ: VNOM) has reported earnings for its third fiscal quarter (ending September 30) of $0.52 versus $1.11 for the same period a year ago — a decline of -53%. For the latest four quarters through September 30, E.P.S. were $2.34 compared to $2.28 a year ago — an increase of 3%.
Recent Price Action
On 11/4/24, Viper Energy Partners LP (NASDAQ: VNOM) stock increased 1.5%, closing at $52.94. However, this advance was accompanied by below average trading volume at 77% of normal. The stock has been exceptionally strong relative to the market over the last nine months and has risen 1.2% during the last week.
Current PriceTarget Research Rating
VNOM’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be an important Value Builder.
Viper Energy Partners has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Viper Energy Partners has a poor Appreciation Score of 25 but a good Power Rating of 78, and the Neutral Value Trend Rating results.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
Be the first to comment