Get started

VNOM

VNOM testing key resistanceViper Energy (VNOM) presently testing key resistance, able to absorb weekly buying pressures. From here, (VNOM) is susceptible to falling back to recent support, eliciting losses of 10% over the following 1 - 2 months, and potentially losses of 20 - 30% over the following 3 - 5 months. Inversely, a weekly settlement above elicited resistance would signal bullish continuation through Q1 where gains of 20% would be expected over the following 3 - 5 months.
NASDAQ:VNOM
by SpecialeAnalysis
VNOM waiting for BreakoutWall Street expects a year-over-year increase in earnings on higher revenues when Viper Energy Partners (VNOM) reports results for the quarter ended September 2018. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. The earnings report, which is expected to be released on October 23, 2018, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower. While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise. Zacks Consensus Estimate This oil and gas company is expected to post quarterly earnings of $0.41 per share in its upcoming report, which represents a year-over-year change of +70.8%. Revenues are expected to be $77.18 million, up 81.5% from the year-ago quarter. Estimate Revisions Trend The consensus EPS estimate for the quarter has been revised 0.46% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period. Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.
NASDAQ:VNOMLong
by ShukriMahadi