Share on StockTwits

Vanguard Natural Resources (NYSE:VNR) hit a new 52-week high during mid-day trading on Friday , StockRatingsNetwork.com reports. The company traded as high as $31.53 and last traded at $31.53, with a volume of 255,857 shares changing hands. The stock had previously closed at $31.31.

Separately, analysts at Bank of America reiterated a “neutral” rating on shares of Vanguard Natural Resources in a research note on Monday, May 5th. They now have a $34.00 price target on the stock. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Vanguard Natural Resources presently has a consensus rating of “Hold” and a consensus target price of $32.05.

The stock has a 50-day moving average of $30.69 and a 200-day moving average of $29.97. The company has a market cap of $2.523 billion and a P/E ratio of 25.05.

Vanguard Natural Resources (NYSE:VNR) last announced its earnings results on Tuesday, April 29th. The company reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by $0.05. The company had revenue of $152.70 million for the quarter, compared to the consensus estimate of $152.74 million. During the same quarter in the previous year, the company posted $0.26 earnings per share. The company’s revenue for the quarter was up 57.9% on a year-over-year basis. On average, analysts predict that Vanguard Natural Resources will post $1.38 earnings per share for the current fiscal year.

Vanguard Natural Resources, LLC (NYSE:VNR) is focused on the acquisition and development of oil and natural gas properties in the United States.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.