Viper Energy Partners LP (NASDAQ:VNOM) has a beta of 2.76. The stock’s Relative Strength Index (RSI) is 52.21, with weekly volatility at 2.79% and ATR at 0.71. The VNOM stock’s 52-week price range has touched low of $6.52 and a $19.48 high. Its shares traded higher over the last trading session, gaining 1.30% on 05/27/21. The shares fell to a low of $17.70 before closing at $17.99. Intraday shares traded counted 0.7 million, which was -19.79% lower than its 30-day average trading volume of 583.52K. VNOM’s previous close was $17.76 while the outstanding shares total 65.36M.
Investors have identified the Oil & Gas Midstream company Viper Energy Partners LP as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $1.17 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Viper Energy Partners LP (VNOM) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. In terms of their assets, the company currently has 59.54 million total, with 62.85 million as their total liabilities.
VNOM were able to record 54.59 million as free cash flow during the 08/03/2021 quarter of the year, this saw their quarterly net cash flow reduce by -7.39 million. In cash movements, the company had a total of 54.66 million as operating cash flow.
Potential earnings growth for Viper Energy Partners LP (VNOM)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the 08/03/2021 quarter of the year, Viper Energy Partners LP recorded a total of 96.98 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with 18.85% coming in sequential stages and their sales for the 08/03/2021 quarter increasing by 21.3%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 33.76 million trying to sell their products during the last quarter, with the result yielding a gross income of 63.22 million. This allows shareholders to hold on to 65.36M with the recently reported earning now reading -0.05 cents per share. This is a figure that compared to analyst’s prediction for their 08/03/2021 (-0.08 cents a share).
Having a look at the company’s valuation, the company is expected to record 0.37 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on VNOM sounds very interesting.
Is the stock of VNOM attractive?
In related news, President, Van’t Hof Matthew Kaes bought 3,000 shares of the company’s stock in a transaction that recorded on Sep 17. The purchase was performed at an average price of 8.10, for a total value of 24,300. As the purchase deal closes, the President, Van’t Hof Matthew Kaes now bought 2,000 shares of the company’s stock, valued at 22,542. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.43%.
15 out of 19 analysts covering the stock have rated it a Buy, while 2 have maintained a Hold recommendation on Viper Energy Partners LP. 0 analysts has assigned a Sell rating on the VNOM stock. The 12-month mean consensus price target for the company’s shares has been set at $20.39.