Viper Energy Partners LP (VNOM) Reaches $22.81 After 3.00% Down Move; Mainstay Definedterm Municipal Opportunities Fund (MMD) Has 1.17 Sentiment

February 15, 2018 - By Marguerite Chambers

The stock decreased 0.37% or $0.07 during the last trading session, reaching $19. About 21,283 shares traded. MainStay DefinedTerm Municipal Opportunities Fund (MMD) has declined 0.25% since February 15, 2017 and is downtrending. It has underperformed by 16.95% the S&P500.

The stock of Viper Energy Partners LP (NASDAQ:VNOM) is a huge mover today! The stock decreased 0.91% or $0.21 during the last trading session, reaching $22.81. About 229,182 shares traded. Viper Energy Partners LP (NASDAQ:VNOM) has declined 0.22% since February 15, 2017 and is downtrending. It has underperformed by 16.92% the S&P500.The move comes after 5 months negative chart setup for the $2.60 billion company. It was reported on Feb, 15 by Barchart.com. We have $22.13 PT which if reached, will make NASDAQ:VNOM worth $77.94 million less.

Summit Financial Wealth Advisors Llc holds 0.19% of its portfolio in MainStay DefinedTerm Municipal Opportunities Fund for 26,550 shares. Usca Ria Llc owns 73,206 shares or 0.19% of their US portfolio. Moreover, Regal Investment Advisors Llc has 0.11% invested in the company for 23,447 shares. The Colorado-based Advisors Asset Management Inc. has invested 0.09% in the stock. Advisory Services Network Llc, a Georgia-based fund reported 28,000 shares.

Among 15 analysts covering Viper Energy Partners (NASDAQ:VNOM), 15 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Viper Energy Partners has $32.0 highest and $17 lowest target. $23.60’s average target is 3.46% above currents $22.81 stock price. Viper Energy Partners had 39 analyst reports since August 7, 2015 according to SRatingsIntel. The company was maintained on Monday, October 16 by Barclays Capital. Euro Pacific Capital initiated Viper Energy Partners LP (NASDAQ:VNOM) on Thursday, September 17 with “Buy” rating. Stifel Nicolaus maintained the shares of VNOM in report on Wednesday, January 17 with “Buy” rating. Barclays Capital maintained the stock with “Overweight” rating in Wednesday, September 30 report. The rating was maintained by Barclays Capital on Thursday, October 26 with “Overweight”. Northland Capital maintained it with “Buy” rating and $24.0 target in Monday, November 13 report. The company was maintained on Thursday, July 13 by Stifel Nicolaus. Raymond James upgraded the stock to “Strong Buy” rating in Tuesday, February 21 report. As per Tuesday, December 5, the company rating was upgraded by UBS. Barclays Capital maintained the shares of VNOM in report on Thursday, July 13 with “Overweight” rating.

Viper Energy Partners LP owns, acquires, and exploits oil and natural gas properties in North America. The company has market cap of $2.60 billion. The firm holds mineral interests covering an area of approximately 30,442 net acres in the Permian Basin, West Texas. It has a 21.34 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.

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