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ACCESSWIRE
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Active-Investors: Free Research Report as Viper's Quarterly Earnings Soared 95%

Stock Monitor: Continental Resources Post Earnings Reporting

LONDON, UK / ACCESSWIRE / March 05, 2018 / Active-Investors.com has just released a free earnings report on Viper Energy Partners L.P. (NASDAQ: VNOM) ("Viper"). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/'symbol=VNOM. The Company reported its fourth quarter and full fiscal year 2017 operating and financial results on February 06, 2018. The subsidiary of Diamondback Energy, Inc. exceeded earnings expectations. Register today and get access to over 1000 Free Research Reports by joining our site below:

www.active-investors.com/registration-sg

Active-Investors.com is currently working on the research report for Continental Resources, Inc. (NYSE: CLR), which also belongs to the Basic Materials sector as the Company Viper Energy Partners. Do not miss out and become a member today for free to access this upcoming report at:

www.active-investors.com/registration-sg/'symbol=CLR

Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Viper Energy Partners most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

www.active-investors.com/registration-sg/'symbol=VNOM

Earnings Highlights and Summary

For Q4 2017, Viper's oil production totaled 821 million barrels of oil (Mmbls) compared to 542 Mmbls for Q4 2016. The Company's natural gas production totaled 1,088 million cubic feet (MMcf) in the reported quarter versus 482 MMcf in the year ago comparable period.

In Q4 2017, Viper's average realized prices were $53.03 per barrel of oil (Boe); $2.63 per thousand cubic feet (Mcf) of natural gas; and $25.53 per barrel of natural gas liquids; resulting in a total equivalent price of $43.76/Boe, up 14% on a y-o-y basis from $38.33/Boe in Q4 2016.

During Q4 2017, Viper recorded a royalty income of $49.97 million compared to $27.92 million in Q4 2016. The Company's operating income was $59.23 million for the reported quarter, up 112% compared to $27.92 million in Q4 2016. The Company's adjusted earnings before interest, tax, depreciation, and amortization (EBITDA) totaled $55.41 million for the reported quarter compared to $26.34 million in the prior year's same quarter, reflecting an increase of 110%.

Viper's net income was $42.07 million, or $0.37 per diluted share, in Q4 2017 compared to $16.25 million, or $0.19 per diluted share, in Q4 2016. The Company's earnings beat Wall Street's estimates of $0.29 per share.

For FY17, Viper's net income totaled $111.48 million, or $1.07 per diluted share, compared to a net loss of $10.90 million, or $0.13 loss per diluted share, in FY16.

Acquisition Update

During Q4 2017, Viper acquired 397 net royalty acres for an aggregate purchase price of $39 million. Till February 06, 2018, the Company had acquired mineral interests underlying 219 net royalty acres in the Midland and Delaware Basins for approximately $26 million, along with 681 net royalty acres in the Eagle Ford for $123 million.

These acquisitions increased Viper's footprint of mineral interests by 1,297 net royalty acres, to a total of 10,470 net royalty acres. The Company funded the recent acquisitions with cash on hand and borrowings under its revolving credit facility.

As of February 02, 2018, Viper had approximately 865 active well permits and 17 active rigs on its mineral acreage.

Cash Matters

As of December 31, 2017, Viper had a cash balance of $24 million and approximately $307 million available under its revolving credit facility.

Reserves

At FY17 year-end, Viper's proved reserves of 38.2 million barrels of oil equivalent (MMboe) represented a 22% increase over its reserves at FY17 year-end. The Company's proved developed reserves increased 55% to 28.2 MMboe as of December 31, 2017, reflecting a continued horizontal development by the operators of Viper's acreage. Crude oil represented 68% of Viper's total proved reserves.

Outlook

Viper initiated an average production guidance of 14,000 to 15,000 Boe/d for H1 2018, the midpoint of which is up 17% from production of Q4 2017. For FY18, the Company announced forecasts of 14,500 to 16,000 Boe/d, up 38% from production of FY17.

Stock Performance Snapshot

March 02, 2018 - At Friday's closing bell, Viper Energy Partners' stock was slightly up 0.73%, ending the trading session at $23.34.

Volume traded for the day: 261.56 thousand shares.

Stock performance in the last three-month - up 15.89%; previous six-month period - up 40.35%; past twelve-month period - up 26.92%; and year-to-date - up 0.04%

After last Friday's close, Viper Energy Partners' market cap was at $2.64 billion.

Price to Earnings (P/E) ratio was at 22.14.

The stock has a dividend yield of 7.88%.

The stock is part of the Basic Materials sector, categorized under the Independent Oil & Gas industry. This sector was up 0.1% at the end of the session.

Active-Investors:

Active-Investors (A-I) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. A-I has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles, and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

A-I has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third-party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email info@active-investors.com. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by A-I. A-I is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

A-I, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. A-I, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, A-I, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither A-I nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://active-investors.com/legal-disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

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SOURCE: Active-Investors

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