Vanguard Natural Resources Reaches New 12-Month High at $30.48 (VNR)
Vanguard Natural Resources (NYSE:VNR)’s share price reached a new 52-week high during trading on Wednesday, Stock Ratings Network reports. The stock traded as high as $30.48 and last traded at $30.48, with a volume of 505,045 shares traded. The stock had previously closed at $29.88.
Several analysts have recently commented on the stock. 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 equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $29.79.
Vanguard Natural Resources has a 52 week low of $24.23 and a 52 week high of $30.15. The stock’s 50-day moving average is $29.04 and its 200-day moving average is $28.0. The company’s market cap is $2.370 billion.
Vanguard Natural Resources (NYSE:VNR) last released its earnings data on Thursday, October 31st. The company reported $0.29 earnings per share (EPS) for the quarter, missing the 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 previous year, the company posted $0.34 earnings per share. The company’s revenue for the quarter was up 272.0% on a year-over-year basis. On average, analysts predict that Vanguard Natural Resources will post $1.13 earnings per share for the current fiscal year.
The company also recently announced a monthly dividend, which is scheduled for Friday, February 14th. Shareholders of record on Monday, February 3rd will be paid a dividend of 0.2075 per share. This represents a $2.49 annualized dividend and a dividend yield of 8.19%. The ex-dividend date is Thursday, January 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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