Viper Energy Partners (VNOM) in Focus: Stock Declines 7.3% – Tale of the Tape

Zacks

Viper Energy Partners LP (VNOM) saw a big move last session, as the company’s shares fell more than 7% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for VNOM, as the stock is now down around 23.6% in the past one-month time frame.

The company has seen a mixed track record when it comes to current year estimate revisions over the past few weeks. One estimate was revised higher while there was no downward revision. The consensus for earnings has moved higher in the past 30 days. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, and especially on earnings estimates following the recent slump.

VNOM currently has a Zacks Rank #4 (Sell) while its Earnings ESP is positive.

Some better-ranked stocks in the Oil & Gas industry include World Point Terminals, LP (WPT), Halcon Resources Corp. (HK) and WPX Energy, Inc. (WPX). All these stocks holds a Zacks Rank #2 (Buy).

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