Vanguard Natural Resources (VNR) Releases Quarterly Earnings Results, Misses Estimates By $0.03 EPS
Vanguard Natural Resources (NYSE:VNR) released its earnings data on Thursday. The company reported $0.29 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.32 by $0.03, Analyst RN reports. The company had revenue of $103.79 million for the quarter, compared to the consensus estimate of $127.92 million. During the same quarter in the prior year, the company posted $0.34 earnings per share. The company’s quarterly revenue was up 272.0% on a year-over-year basis.
Shares of Vanguard Natural Resources (NYSE:VNR) opened at 28.10 on Thursday. Vanguard Natural Resources has a 52-week low of $24.23 and a 52-week high of $30.22. The stock has a 50-day moving average of $27.37 and a 200-day moving average of $27.95. The company’s market cap is $2.178 billion.
The company also recently declared a monthly dividend, which is scheduled for Thursday, November 14th. Stockholders of record on Friday, November 1st will be given a dividend of $0.21 per share. This represents a $2.49 dividend on an annualized basis and a yield of 8.86%. The ex-dividend date of this dividend is Wednesday, October 30th.
A number of analysts have recently weighed in on VNR shares. Analysts at Wunderlich initiated coverage on shares of Vanguard Natural Resources in a research note to investors on Wednesday, October 23rd. They set a “buy” rating and a $31.00 price target on the stock. On the ratings front, analysts at UBS AG initiated coverage on shares of Vanguard Natural Resources in a research note to investors on Tuesday, October 15th. They set a “neutral” rating on the stock. Finally, analysts at Zacks upgraded shares of Vanguard Natural Resources from an “underperform” rating to a “neutral” rating in a research note to investors on Monday, September 2nd. They now have a $28.10 price target on the stock. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $29.18.
Vanguard Natural Resources, LLC (NYSE:VNR) is focused on the acquisition and development of natural gas and oil properties in the United States.
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