Viper Energy Partners LP [VNOM] stock is up 5.72 while the S&P 500 has fallen -0.67% on Wednesday, 10/14/20. While at the time of this article, VNOM ATR is sitting at 0.44, with the beta value at 2.36. This stock’s volatility for the past week remained at 6.33%, while it was 5.19% for the past 30-day period. VNOM has risen $0.43 from the previous closing price of $7.52 on volume of 1.06 million shares.

On 13, October 2020, Viper Energy Partners LP, a Subsidiary of Diamondback Energy, Inc., Provides Third Quarter 2020 Operational Update. According to news published on Yahoo Finance, Viper Energy Partners LP (NASDAQ: VNOM) (“Viper” or the “Company”) today provided an operational update for the third quarter ended September 30, 2020.

Analyst Birdseye View:

The most recent analyst activity for Viper Energy Partners LP [NASDAQ:VNOM] stock was on March 17, 2020, when it was Downgrade with an Outperform rating from Raymond James. On March 09, 2020, SunTrust Downgrade a Hold rating. On March 09, 2020, Piper Sandler Downgrade a Neutral rating and decreased its price target from $26 to $17. On January 22, 2020, KeyBanc Capital Markets Initiated an Overweight rating and increased its price target to $28. On January 09, 2020, Stifel Resumed a Buy rating and boosted its amount on this stock to $32. On September 25, 2019, Goldman Initiated a Buy rating and boosted its target amount on this stock to $35. On September 19, 2019, JP Morgan Initiated an Overweight rating and amplified its amount target to $34.

In the past 52 weeks of trading, this stock has oscillated between a low of $4.98 and a peak of $27.35. Right now, the middling Wall Street analyst 12-month amount mark is $14.00. At the most recent market close, shares of Viper Energy Partners LP [NASDAQ:VNOM] were valued at $7.95.

FUNDAMENTAL ANALYSIS

Viper Energy Partners LP [NASDAQ:VNOM] most recently reported quarterly sales of 32.44 billion, which represented growth of -54.70%. This company’s Gross Margin is currently 92.70%, its Operating Margin is 55.90%, its Pretax Margin is +61.14, and its Net Margin is +15.75. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at 2.08, 6.29, 8.55 and 3.75 respectively.

If looking now at the Principal structure of this organization, it shows its whole liability to the whole Principal at 38.68 and the whole liability to whole assets at 21.06. It shows enduring liability to the whole principal at 38.68 and enduring liability to assets at 0.21 while looking for an extended time period.

Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 7.64 points at 1st support level, the second support level is making up to 7.33. But as of 1st resistance point, this stock is sitting at 8.26 and at 8.58 for 2nd resistance point.

Viper Energy Partners LP [VNOM] reported its earnings at -$0.04 per share in the fiscal quarter closing of 6/29/2020. The Analysts for Wall Street were expecting to report its earnings at -$0.09/share signifying the difference of 0.05 and 55.60% surprise value. Comparing the previous quarter ending of 3/30/2020, the stated earnings were $0.21 calling estimates for $0.02/share with the difference of 0.19 depicting the surprise of 950.00%.

Important Ratio’s To Watch

Meanwhile, turning our focus to liquidity, the Current Ratio for Viper Energy Partners LP [NASDAQ:VNOM] is 0.90. Likewise, the Quick ratio is also the same, showing Cash ratio at 0.27. Now if looking for a valuation of this stock’s amount to sales ratio it’s 5.19 and it’s amount to book ratio is 1.80.

Insider Stories

The most recent insider trade was by Van’t Hof Matthew Kaes, President, and it was the purchase of 3000.0 shares on Sep 17. Van’t Hof Matthew Kaes, the President, completed a purchase of 2000.0 shares on Jun 19. On Dec 16, Van’t Hof Matthew Kaes, President, completed a sale of 2500.0 shares.