Viper Energy Partners Lpunit (NASDAQ:VNOM) Shorted Shares Increased 90.19% After Market Selling

June 14, 2018 - By Louis Casey

The stock of Viper Energy Partners Lpunit (NASDAQ:VNOM) registered an increase of 90.19% in short interest. VNOM’s total short interest was 1.50M shares in June as published by FINRA. Its up 90.19% from 791,200 shares, reported previously. With 782,000 shares average volume, it will take short sellers 2 days to cover their VNOM’s short positions. The short interest to Viper Energy Partners Lpunit’s float is 3.72%.

The stock decreased 1.46% or $0.4 during the last trading session, reaching $27.08. About 132,923 shares traded. Viper Energy Partners LP (NASDAQ:VNOM) has risen 84.79% since June 14, 2017 and is uptrending. It has outperformed by 72.22% the S&P500.

Viper Energy Partners LP owns, acquires, and exploits oil and natural gas properties in North America. The company has market cap of $3.08 billion. The firm holds mineral interests covering an area of approximately 30,442 net acres in the Permian Basin, West Texas. It has a 25.33 P/E ratio. As of December 31, 2015, its estimated proved oil and natural gas reserves consisted of 31,435 thousand barrels of crude oil equivalent.

Viper Energy Partners LP (NASDAQ:VNOM) Ratings Coverage

Among 7 analysts covering Viper Energy Partners (NASDAQ:VNOM), 5 have Buy rating, 0 Sell and 2 Hold. Therefore 71% are positive. Viper Energy Partners has $3500 highest and $24.0 lowest target. $29.86’s average target is 10.27% above currents $27.08 stock price. Viper Energy Partners had 11 analyst reports since January 17, 2018 according to SRatingsIntel. The firm has “Buy” rating by SunTrust given on Tuesday, February 6. The firm has “Buy” rating by SunTrust given on Monday, April 16. Northland Capital maintained it with “Buy” rating and $29.0 target in Thursday, February 8 report. Mizuho maintained Viper Energy Partners LP (NASDAQ:VNOM) on Tuesday, January 16 with “Buy” rating. The firm earned “Buy” rating on Wednesday, April 18 by Piper Jaffray. Stifel Nicolaus maintained the stock with “Buy” rating in Thursday, May 3 report. The firm earned “Buy” rating on Tuesday, February 27 by Piper Jaffray. The stock has “Hold” rating by Stifel Nicolaus on Monday, June 4. Citigroup downgraded the stock to “Hold” rating in Wednesday, February 21 report. The firm earned “Buy” rating on Wednesday, January 17 by Stifel Nicolaus.

Viper Energy Partners LP (NASDAQ:VNOM) Ratings Chart

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