A new trading day began on June 22, 2022, with Viper Energy Partners LP (NASDAQ: VNOM) stock priced at $28.01, down -9.63% from the previous day of trading. During the day, the shares moved up to $28.50 and dropped to $26.40 before settling in for the closing price of $29.29. VNOM’s price has ranged from $15.98 to $35.85 over the past 52 weeks.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Energy sector was 44.90%. Meanwhile, its annual earnings per share averaged 129.80%. With a float of $64.64 million, this company’s outstanding shares have now reached $77.11 million.
In terms of profitability, gross margin is +72.97, operating margin of +71.42, and the pretax margin is +51.48.
Viper Energy Partners LP (VNOM) Insider Activity
As we move forward, let’s examine how large-scale investors are investing in this stock of the Oil & Gas Midstream Industry. The insider ownership of Viper Energy Partners LP is 14.70%, while institutional ownership is 81.50%. The most recent insider transaction that took place on Jun 08, was worth 1,769,360. In this transaction 10% Owner of this company sold 50,000 shares at a rate of $35.39, taking the stock ownership to the 940,493 shares. Before that another transaction happened on Jun 08, when Company’s 10% Owner sold 50,000 for $35.39, making the entire transaction worth $1,769,360. This insider now owns 940,493 shares in total.
Viper Energy Partners LP (VNOM) Earnings and Forecasts
In its latest quarterly report, released on 3/30/2022, the company reported earnings of $0.23 per share, which was $0.1 lower than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). This company achieved a net margin of +11.59 while generating a return on equity of 8.03. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.5 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 129.80% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 39.62% during the next five years compared to 53.30% growth over the previous five years of trading.
Viper Energy Partners LP (NASDAQ: VNOM) Trading Performance Indicators
Here are Viper Energy Partners LP’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 3.70. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 8.00. Likewise, its price to free cash flow for the trailing twelve months is 17.10.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.05, a number that is poised to hit 0.61 in the next quarter and is forecasted to reach 2.39 in one year’s time.
Technical Analysis of Viper Energy Partners LP (VNOM)
Compared to the last year’s volume of 0.63 million, its volume of 0.97 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 3.07%. Additionally, its Average True Range was 1.43.
During the past 100 days, Viper Energy Partners LP’s (VNOM) raw stochastic average was set at 10.50%, which indicates a significant increase from 0.74% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 57.68% in the past 14 days, which was higher than the 47.60% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $30.82, while its 200-day Moving Average is $26.18. Nevertheless, the first resistance level for the watch stands at $27.85 in the near term. At $29.22, the stock is likely to face the second major resistance level. The third major resistance level sits at $29.95. If the price goes on to break the first support level at $25.75, it is likely to go to the next support level at $25.02. Should the price break the second support level, the third support level stands at $23.65.
Viper Energy Partners LP (NASDAQ: VNOM) Key Stats
With a market capitalization of 4.88 billion, the company has a total of 167,676K Shares Outstanding. Currently, annual sales are 504,920 K while annual income is 57,940 K. The company’s previous quarter sales were 201,900 K while its latest quarter income was 16,610 K.