Zacks Investment Research downgraded Viper Energy Partners LP (NASDAQ:VNOM) to Sell in a report released today.
- Updated: October 12, 2016
Having a price of $16.34, Viper Energy Partners LP (NASDAQ:VNOM) traded -3.53% lower on the day. With the last close down -8.57% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. VNOM has recorded a 50-day average of $16.32 and a two hundred day average of $17.62. Trade Volume was down over the average, with 28,596 shares of VNOM changing hands under the typical 127,335
Zacks Investment Research has downgraded Viper Energy Partners LP (NASDAQ:VNOM) to Sell in a report released on 10/12/2016.
On 10/6/2016, Mizuho Securities released a statement on Viper Energy Partners LP (NASDAQ:VNOM) upped the target price from $0.00 to $17.00 that suggested an upside of 0.03%.
Recent Performance Chart
Viper Energy Partners LP has with a one year low of $12.69 and a one year high of $20.25 and has a market capitalization of $0.
General Company Details For 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.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.