Vanguard Natural Resources Sets New 1-Year High at $29.93 (VNR)
Shares of Vanguard Natural Resources (NYSE:VNR) hit a new 52-week high during trading on Monday, AmericanBankingNews.com reports. The stock traded as high as $29.93 and last traded at $29.90, with a volume of 475,074 shares trading hands. The stock had previously closed at $29.43.
A number of analysts have recently weighed in on VNR shares. Analysts at Raymond James raised their price target on shares of Vanguard Natural Resources to $32.00 in a research note to investors on Tuesday, December 31st. Separately, analysts at MLV Capital raised their price target on shares of Vanguard Natural Resources from $32.00 to $34.00 in a research note to investors on Tuesday, December 31st. They now have a “buy” 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 Tuesday, December 10th. They now have a $29.30 price target on the stock. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $29.98.
Vanguard Natural Resources has a 1-year low of $24.23 and a 1-year high of $29.93. The stock has a 50-day moving average of $28.68 and a 200-day moving average of $27.89. The company’s market cap is $2.314 billion.
Vanguard Natural Resources (NYSE:VNR) last announced its earnings results on Thursday, October 31st. The company reported $0.29 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.32 by $0.03. 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. On average, analysts predict that Vanguard Natural Resources will post $1.14 earnings per share for the current fiscal year.
The company also recently declared a monthly dividend, which is scheduled for Wednesday, January 15th. Stockholders of record on Thursday, January 2nd will be given a dividend of 0.2075 per share. This represents a $2.49 dividend on an annualized basis and a yield of 8.38%. The ex-dividend date of this dividend is Monday, December 30th.
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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