Short Interest Report: Could Viper Energy Partners LP Common (NASDAQ:VNOM) Change Direction After More Shorts?

November 21, 2016 - By kentuckypostne   ·   0 Comments

Short Interest Report: Could Viper Energy Partners LP Common (NASDAQ:VNOM) Change Direction After More Shorts?

The stock of Viper Energy Partners LP Common (NASDAQ:VNOM) registered an increase of 21.55% in short interest. VNOM’s total short interest was 34,400 shares in November as published by FINRA. Its up 21.55% from 28,300 shares, reported previously. With 91,000 shares average volume, it will take short sellers 0 days to cover their VNOM’s short positions. The short interest to Viper Energy Partners LP Common’s float is 0.23%. The stock decreased 2.13% or $0.32 during the last trading session, hitting $14.68. Viper Energy Partners LP (NASDAQ:VNOM) has declined 12.28% since April 19, 2016 and is downtrending. It has underperformed by 16.14% the S&P500.

Viper Energy Partners LP is a limited partnership that owns, acquires and exploits oil and natural gas properties in North America. The company has a market cap of $1.29 billion. 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. It currently has negative earnings. The Company’s segment is engaged in the acquisition of oil and natural gas properties.

Viper Energy Partners LP (NASDAQ:VNOM) Ratings Coverage

Out of 6 analysts covering Viper Energy Partners (NASDAQ:VNOM), 5 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 83% are positive. Viper Energy Partners has been the topic of 8 analyst reports since August 7, 2015 according to StockzIntelligence Inc. Piper Jaffray reinitiated the shares of VNOM in a report on Monday, July 11 with “Overweight” rating. The rating was maintained by Barclays Capital on Wednesday, September 30 with “Overweight”. Mizuho initiated Viper Energy Partners LP (NASDAQ:VNOM) rating on Thursday, October 6. Mizuho has “Neutral” rating and $17 price target. The stock of Viper Energy Partners LP (NASDAQ:VNOM) earned “Buy” rating by Stifel Nicolaus on Thursday, November 5. The rating was maintained by Northland Capital with “Outperform” on Friday, August 7. The stock has “Buy” rating given by Euro Pacific Capital on Thursday, September 17.

VNOM Company Profile

Viper Energy Partners LP, incorporated on February 27, 2014, 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. The Company’s segment is engaged in the acquisition of oil and natural gas properties. The Company’s 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.

More important recent Viper Energy Partners LP (NASDAQ:VNOM) news were published by: Reuters.com which released: “BRIEF-Viper Energy Partners Lp reports” on November 07, 2016, also Globenewswire.com published article titled: “Viper Energy Partners LP, a Subsidiary of Diamondback Energy, Inc., Reports …”, Globenewswire.com published: “Viper Energy Partners LP, a Subsidiary of Diamondback Energy, Inc., Announces …” on February 08, 2016. More interesting news about Viper Energy Partners LP (NASDAQ:VNOM) was released by: Globenewswire.com and their article: “Viper Energy Partners LP, a Subsidiary of Diamondback Energy, Inc., Reports …” with publication date: November 07, 2016.

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