Vanguard Natural Resources Rating Reiterated by Citigroup Inc. (VNR)
Vanguard Natural Resources (NYSE:VNR)‘s stock had its “neutral” rating reiterated by equities researchers at Citigroup Inc. in a research report issued on Thursday. They currently have a $31.00 target price on the stock, down from their previous target price of $34.00. Citigroup Inc.’s target price indicates a potential upside of 8.47% from the company’s current price.
Vanguard Natural Resources (NYSE:VNR) traded up 2.41% during mid-day trading on Thursday, hitting $29.28. 791,383 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’s 50-day moving average is $31.69 and its 200-day moving average is $30.62. The company has a market cap of $2.347 billion and a price-to-earnings ratio of 22.87.
Vanguard Natural Resources (NYSE:VNR) last posted its quarterly earnings results on Monday, August 4th. The company reported $0.27 EPS for the quarter, missing the Thomson Reuters 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 prior year, the company posted $0.27 earnings per share. The company’s quarterly revenue was up 38.4% on a year-over-year basis. On average, analysts predict that Vanguard Natural Resources will post $1.27 earnings per share for the current fiscal year.
The company also recently announced a jun 14 dividend, which is scheduled for Thursday, August 14th. Investors 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.
In other Vanguard Natural Resources news, CEO Scott W. Smith bought 2,500 shares of the stock in a transaction dated Wednesday, August 6th. The stock was purchased at an average price of $29.00 per share, with a total value of $72,500.00. The purchase was disclosed in a document filed with the SEC, which is available at this link.
A number of other analysts have also recently weighed in on VNR. Analysts at Raymond James downgraded shares of Vanguard Natural Resources from an “outperform” rating to a “market perform” rating in a research note on Wednesday. Separately, 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. Finally, 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. Seven analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $32.17.
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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