November 9, 2016 - 2:26 PM EST
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Midday Update: Viper Energy Partners LP (VNOM) Charges Ahead 3.06% on November 9

Viper Energy Partners LP (VNOM) has been one of the best performers amongst all NYSE and NASDAQ listed stocks in the basic materials sector during morning trading on November 9. At the lunch break, shares of VNOM have gained 3.06% to $14.36 after closing the day prior at $13.93. In the first two and a half hours of trading, the stock has gone as high as $14.41 and as low as $13.7. Today's rise has come with about 14,433 shares changing hands, compared to an average 30-day volume of 79,218 for Viper Energy Partners LP. The price is currently below the 30-day volume weighted average price of $14.12 for VNOM. The share appreciation gives the company a market capitalization of $1.21 billion based upon 86.74 million shares outstanding. It also means that VNOM has a price-to-book ratio of 2.81:1. In the past 52 weeks, shares of VNOM have traded as low as $12.69 and as high as $20.25. Technical traders will take note that at $14.36, shares of VNOM are trading below their 200-day MA at $16.5 and below their 50-day MA at $15.71. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding above them is typically regarded as bullish. Who is VNOM? Viper Energy Partners LP is engaged in the acquisition and exploitation of oil & natural gas properties in North America. Its properties include mineral interests underlying approximately 14,804 gross acres in Midland County, Texas in the Permian Basin. The company’s employees are led by CEO Travis D. Stice from the corporate headquarters at 500 West Texas in Midland, TX. For more information on VNOM and other companies trading on the major exchanges, as well as the over the counter markets, or to be considered for contributing content for our distribution network, visit FinancialPress.com today. All data provided by QuoteMedia, with stock data accurate as of 12:00 PM ET. FinancialPress.com is not responsible for inaccuracies in third-party supplied information. About FinancialPress.com FinancialPress.com is a leading publisher of market and investment news, commentary, proprietary research and videos from seasoned journalists, analysts and contributors covering the financial markets and global economies. Leveraging our extensive distribution network and social media presence, we have cultivated a valuable audience of engaged market enthusiasts, which in turn delivers a variety of unique opportunities for industry partnerships, corporate communications, market exposure and investment. A complete disclaimer can be viewed here. If you like this article, you can read more at FinancialPress.com


Source: Financial Press News (November 9, 2016 - 2:26 PM EST)

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