Share on StockTwits

Shares of Vanguard Natural Resources (NYSE:VNR) hit a new 52-week high during mid-day trading on Monday , Analyst Ratings Network.com reports. The stock traded as high as $32.13 and last traded at $32.09, with a volume of 157,649 shares traded. The stock had previously closed at $31.96.

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 given a buy rating to the company. Vanguard Natural Resources presently has a consensus rating of “Hold” and an average target price of $32.05.

The stock’s 50-day moving average is $30.93 and its 200-day moving average is $30.12. The company has a market cap of $2.581 billion and a P/E ratio of 25.57.

Vanguard Natural Resources (NYSE:VNR) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $0.31 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $0.26 earnings per share. Vanguard Natural Resources’s revenue was up 57.9% compared to the same quarter last year. On average, analysts predict that Vanguard Natural Resources will post $1.38 earnings per share for the current fiscal year.

The company also recently declared a monthly dividend, which is scheduled for Tuesday, July 15th. Stockholders of record on Tuesday, July 1st will be given a dividend of $0.21 per share. This represents a $2.52 dividend on an annualized basis and a yield of 7.83%. The ex-dividend date of this dividend is Friday, June 27th.

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.