Vanguard Natural Resources, LLC (VNR) Lowered to Underperform at Hilliard Lyons
Several other research firms have also recently weighed in on VNR. Stifel Nicolaus cut Vanguard Natural Resources from a hold rating to a sell rating in a report on Monday, September 19th. Zacks Investment Research cut Vanguard Natural Resources from a buy rating to a hold rating in a report on Wednesday, August 3rd. FBR & Co reiterated a hold rating and set a $1.50 price objective on shares of Vanguard Natural Resources in a report on Thursday, July 7th. Finally, Raymond James Financial Inc. cut Vanguard Natural Resources from a market perform rating to an underperform rating in a report on Monday. Four equities research analysts have rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the company. Vanguard Natural Resources presently has an average rating of Hold and a consensus price target of $7.84.
Vanguard Natural Resources (NASDAQ:VNR) opened at 0.83 on Monday. Vanguard Natural Resources has a 12-month low of $0.81 and a 12-month high of $9.53. The company has a 50-day moving average price of $1.26 and a 200-day moving average price of $1.47. The firm’s market cap is $109.11 million.
Vanguard Natural Resources (NASDAQ:VNR) last announced its quarterly earnings data on Thursday, July 28th. The company reported $0.24 EPS for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.11. During the same period last year, the business earned ($0.07) earnings per share. On average, analysts predict that Vanguard Natural Resources will post $1.09 earnings per share for the current year.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. PNC Financial Services Group Inc. raised its position in Vanguard Natural Resources by 1.2% in the second quarter. PNC Financial Services Group Inc. now owns 118,677 shares of the company’s stock worth $167,000 after buying an additional 1,386 shares during the last quarter. State Street Corp raised its position in Vanguard Natural Resources by 3.9% in the first quarter. State Street Corp now owns 73,642 shares of the company’s stock worth $107,000 after buying an additional 2,756 shares during the last quarter. IFP Advisors Inc increased its stake in Vanguard Natural Resources by 6.5% in the first quarter. IFP Advisors Inc now owns 138,460 shares of the company’s stock valued at $202,000 after buying an additional 8,507 shares during the period. Tocqueville Asset Management L.P. increased its stake in Vanguard Natural Resources by 22.4% in the second quarter. Tocqueville Asset Management L.P. now owns 399,815 shares of the company’s stock valued at $564,000 after buying an additional 73,200 shares during the period. Finally, Airain ltd purchased a new stake in Vanguard Natural Resources during the second quarter valued at about $135,000.
Vanguard Natural Resources Company Profile
Vanguard Natural Resources, LLC is focused on the acquisition and development of oil and natural gas properties in the United States. Through its operating subsidiaries, the Company owns properties, and oil and natural gas reserves primarily located in over 10 operating basins: the Green River Basin in Wyoming; the Permian Basin in West Texas and New Mexico; the Gulf Coast Basin in Texas, Louisiana, Mississippi and Alabama; the Anadarko Basin in Oklahoma and North Texas; the Piceance Basin in Colorado; the Big Horn Basin in Wyoming and Montana; the Arkoma Basin in Arkansas and Oklahoma; the Williston Basin in North Dakota and Montana; the Wind River Basin in Wyoming, and the Powder River Basin in Wyoming.
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