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Viper Energy Partners (NASDAQ:VNOM) target price raised to $17.00, reported today by Mizuho Securities

Viper Energy Partners (NASDAQ:VNOM) had its target price raised to $17.00 by Mizuho Securities in a report released 10/06/2016. The new target price indicates a possible upside of 0.03% based on the company's last stock close price.

Yesterday Viper Energy Partners (NASDAQ:VNOM) traded -0.43% lower at $16.44. The company’s 50-day moving average is $16.32 and its 200-day moving average is $17.61. The last stock close price is down -7.11% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 21,249 shares of the stock were exchanged, down from an average trading volume of 123,049

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Viper Energy Partners (NASDAQ:VNOM)

Viper Energy Partners has a 52 week low of $12.69 and a 52 week high of $20.25 The company’s market cap is currently $0.

General Information About Viper Energy Partners (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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