Viper Energy Partners LP (NASDAQ:VNOM) has been downgraded to Hold in a statement by Zacks Investment Research earlier today.
- Updated: September 25, 2016
Boasting a price of $16.03, Viper Energy Partners LP (NASDAQ:VNOM) traded -3.08% lower on the day. With the last stock price close down -8.92% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Viper Energy Partners LP has recorded a 50-day average of $16.45 and a two hundred day average of $17.64. Volume of trade was down over the average, with 75,113 shares of VNOM changing hands under the typical 115,344
Zacks Investment Research has downgraded Viper Energy Partners LP (NASDAQ:VNOM) to Hold in a statement released on 09/21/2016.
On 6/24/2015, Barclays Capital released a statement for Viper Energy Partners LP (NASDAQ:VNOM) bumped up the target price from $20.00 to $21.00 that suggested an upside of 0.02%.
With a total market value of $0, Viper Energy Partners LP has with a one year low of $12.69 and a one year high of $20.25 .
Brief Synopsis About Viper Energy Partners LP (NASDAQ:VNOM)
Viper Energy Partners LP is a limited partnership that owns, acquires and exploits oil and natural gas properties in North America. The Company's business objective is to provide an attractive return to its unitholders by focusing on business results, maximizing distributions through organic growth and pursuing accretive growth opportunities through acquisitions of mineral, royalty, overriding royalty, net profits and similar interests from Diamondback Energy, Inc. and from third parties. Its segment is engaged in the acquisition of oil and natural gas properties. Its assets consist of mineral interests in oil and natural gas properties in the Permian Basin in West Texas, all of which are leased to working interest owners. The Permian Basin, which consists of approximately 85,000 square miles centered on Midland, Texas, has been the source of oil production. Its assets consisted of mineral interests underlying approximately 46,560 gross (17,060 net) acres in the Permian Basin.
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