Dividend of The Day: Can Viper Energy Partners LP (NASDAQ:VNOM) truly back claims of $0.21 dividends by Nov 18, 2016?

Dividend of The Day: Can Viper Energy Partners LP (NASDAQ:VNOM) truly back claims of $0.21 dividends by Nov 18, 2016?

Viper Energy Partners LP (NASDAQ:VNOM) is expected to pay $0.21 on Nov 18, 2016. The indicated annual dividend is $0.83. Shareholders owning the stock before Nov 8, 2016 will be eligible to receive the payout. Based on Viper Energy Partners LP’s current price of $14.68, the dividend is 1.41%. This dividend’s record date is Nov 11, 2016 and the announcement date is Oct 31, 2016. The stock decreased 2.13% or $0.32 during the last trading session, hitting $14.68. Viper Energy Partners LP (NASDAQ:VNOM) has declined 18.35% since April 5, 2016 and is downtrending. It has underperformed by 20.31% 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. The stock of Viper Energy Partners LP (NASDAQ:VNOM) earned “Overweight” rating by Barclays Capital on Wednesday, September 30. On Thursday, September 17 the stock rating was initiated by Euro Pacific Capital with “Buy”. The firm has “Buy” rating by Stifel Nicolaus given on Thursday, November 5. As per Thursday, October 6, the company rating was initiated by Mizuho. The firm has “Outperform” rating by Northland Capital given on Friday, August 7. The firm earned “Overweight” rating on Monday, July 11 by Piper Jaffray.

More recent Viper Energy Partners LP (NASDAQ:VNOM) news were published by: Nasdaq.com which released: “Viper Energy Partners LP, a Subsidiary of Diamondback Energy, Inc., Announces …” on October 27, 2016. Also Globenewswire.com published the news titled: “Viper Energy Partners LP, a Subsidiary of Diamondback Energy, Inc., Reports …” on July 25, 2016. Globenewswire.com‘s news article titled: “Viper Energy Partners LP, a Subsidiary of Diamondback Energy, Inc., Announces …” with publication date: February 08, 2016 was also an interesting one.

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.

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