Viper Energy Partners LP (NASDAQ:VNOM) went up by 1.27% during the previous trading session, and it is maintaining the win ahead of Tuesday’s trading session. The share price of the Oil & Gas Midstream giant went up by $11.93 to trade ended Tuesday trading at $11.78. This is up from the $11.78 price recorded on Monday’s trading session. Thanks to this latest performance, VNOM is closer to the higher price 52-week target of $38.00 and further from the lowest price target of $9.00. Its performance from the start of the year has also been negative, with VNOM down by -51.62% year-to-date.
Viper Energy Partners LP (VNOM) started the day trading at $12.55 and recorded an intraday high of $12.63. It also recorded an intraday low of $11.4464 during Tuesday’s trading session. Viper Energy Partners LP is a very active stock that recorded a trading volume that is less than -55.64% of the average daily trading volume on Tuesday. The stock’s trading volume on Tuesday was 1002336, which is less than -55.64 of the total average daily trading volume of 1.56 million.
Viper Energy Partners LP (NASDAQ:VNOM) 2020 Performance Impressive
The increase in VNOM’s stock price on Tuesday saw its overall performance boost over the past few months. We can quantify the performance of the stock so far this year using a few metrics. The 52-week high price of VNOM currently stands at $33.10, which is higher than the current trading price of the stock by 63.96%. However, VNOM’s current trading price is -139.56% lower than the 52-week low price of $4.98. In terms of trading volume, Viper Energy Partners LP currently experienced healthy participation during the last trading session. 1002336 shares of Viper Energy Partners LP were traded on the stock exchange on Tuesday, which is less than -55.64% of the 1.56 million average trading volume of the stock.
The performance of the stock has been positive over the past year. VNOM’s performance over the past one year has seen it plunge by -57.42%, while the stock has gone down by -50.89% in the last six months. The quarterly performance of VNOM currently stands at 67.09%, and it is up by 38.72% in the last month. The only negative figure was from the weekly performance, which currently reads -10.30%. At the time of writing VNOM’s report, the company has a total market cap of $781.89M, making it one of the largest publicly-traded companies in the world.
VNOM Insider Activities
For Viper Energy Partners LP, insiders hold 81.20% of all company shares. The insider transactions over the past six months are down by 0.00%. During that period, insiders bought 0 shares in 0 transactions. In that same period, insiders sold 17,179 of their shares in 3 transactions. After these transactions, insiders at Viper Energy Partners LP now hold 410.38k shares, which is over 81.95% of the total company stocks. Institutional investors currently hold a large chunk of the VNOM shares, as they control 0.60% of the company’s total stock.
VNOM Fundamental Analysis
For Viper Energy Partners LP, the stock’s diluted earnings per share (EPS) stands at -1.90. In the coming year, analysts expect the EPS to be -0.04. The stock’s EPS growth this year is -62.70%, 14.60% in the previous five years. In terms of revenue, Viper Energy Partners LP’s quarterly sales (YOY) is shrinking at -0.11, which is lower than the average annual revenue of 14.60% over the past half a decade.
The Return on Investment (ROI) on Viper Energy Partners LP’s stock currently stands at 15.50%, and it has a net profit margin of -41.10%. The operating margin of the company is 63.00%, and its gross margin is 93.20%.
VNOM Analysts Prediction
Another analyst that has a Neutral rating for VNOM is Piper Sandler, which set a price target of between $26 and $17.
Stifel and Goldman also believe that Viper Energy Partners LP’s stock is outperforming at the moment. Three analysts, JP Morgan, CapitalOne, and Barclays, all rate the stock as overweight.
At the moment, Viper Energy Partners LP’s Total Debt to Equity ratio stands at 0.88, and they have a long-term Debt to Equity ratio of 0.88.
VNOM Technical Analysis
The Simple Moving Average (SMA) is one of the most powerful technical indicators. The 20-day Simple Moving Average of VNOM currently stands at 5.89%, while the SMA50 is 27.26%. The biggest one is the SMA200, which is currently reading -38.26% ahead of Tuesday’s trading session. The Relative Strength Index of this stock is 59.65.