Viper Energy Partners LP(NASDAQ:VNOM) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during After-Market on Feb 14, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Company reported revenue of $27.923M. Analysts estimated a revenue of $25.820M. The revenues were 8.14% above the estimates. Earnings per share were $0.19. The reported EPS was above estimates by 35.71%. Analysts had estimated an EPS of $0.14.
Viper Energy Partners LP (VNOM) made into the market gainers list on Wednesdays trading session with the shares advancing 0.27% or 0.05 points. Due to strong positive momentum, the stock ended at $18.26, which is also near the day’s high of $18.44. The stock began the session at $18.27 and the volume stood at 2,87,444 shares. The 52-week high of the shares is $20.25 and the 52 week low is $13.53. The company has a current market capitalization of $1,603 M and it has 8,78,00,356 shares in outstanding.
Several Insider Transactions has been reported to the SEC. On Sep 12, 2016, Randall J Holder (VP, General Counsel, Secretary) purchased 5,000 shares at $16.44 per share price.Also, On Sep 9, 2016, Michael L. Hollis (director) purchased 1,245 shares at $16.13 per share price.On Dec 22, 2015, Elizabeth Moses (VP – Bus. Dev. and Land) purchased 4,443 shares at $14.02 per share price, according to the Form-4 filing with the securities and exchange commission.
Viper Energy Partners LP is a limited partnership that owns acquires and exploits oil and natural gas properties in North America. The Company’s assets consist of mineral interests in oil and natural gas properties in the Permian Basin in West Texas which consists of approximately 85000 square miles centered on Midland Texas. The Company’s initial assets consist of mineral interests underlying approximately 14804 gross (12687 net) acres in Midland County Texas in the Permian Basin. As of December 31 2014 the Company’s total acreage position in the Permian Basin was 24528 gross (15948 net) acres. Diamondback is the operator of approximately 43% of this acreage. The estimated proved oil and natural gas reserves of the Company’s assets as of December 31 2014 were 18510 one thousand barrels of crude oil equivalent (MBOE). The Company’s general partner is Viper Energy Partners GP LLC.