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Vanguard Natural Resources (NYSE:VNR) was downgraded by analysts at Raymond James from an “outperform” rating to a “market perform” rating in a research report issued to clients and investors on Wednesday, TheFlyOnTheWall.com reports.

Several other analysts have also recently commented on the stock. Analysts at Wunderlich downgraded shares of Vanguard Natural Resources from a “buy” rating to a “hold” rating in a research note on Wednesday. They now have a $29.00 price target on the stock, down previously from $34.00. Separately, analysts at Robert W. Baird raised their price target on shares of Vanguard Natural Resources from $31.00 to $33.00 in a research note on Wednesday, July 30th. They now have a “neutral” rating on the stock. Finally, analysts at Citigroup Inc. downgraded shares of Vanguard Natural Resources from a “buy” rating to a “neutral” rating in a research note on Tuesday, July 29th. They now have a $34.00 price target on the stock, up previously from $32.00. Eight research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $32.19.

Vanguard Natural Resources (NYSE:VNR) traded down 6.45% during mid-day trading on Wednesday, hitting $28.59. 2,606,470 shares of the company’s stock traded hands. Vanguard Natural Resources has a 1-year low of $26.77 and a 1-year high of $33.04. The stock has a 50-day moving average of $31.74 and a 200-day moving average of $30.6. The company has a market cap of $2.315 billion and a P/E ratio of 391.79.

Vanguard Natural Resources (NYSE:VNR) last announced its earnings results on Monday, August 4th. The company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by $0.08. The company had revenue of $161.52 million for the quarter, compared to the consensus estimate of $160.02 million. During the same quarter in the previous year, the company posted $0.27 earnings per share. The company’s revenue for the quarter was up 38.4% on a year-over-year basis. On average, analysts predict that Vanguard Natural Resources will post $1.41 earnings per share for the current fiscal year.

The company also recently announced a jun 14 dividend, which is scheduled for Thursday, August 14th. Shareholders of record on Friday, August 1st will be paid a dividend of $0.21 per share. This represents a dividend yield of 7.92%. The ex-dividend date is Wednesday, July 30th.

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

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