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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, 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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