Vanguard Natural Resources, LLC Plans Jul 14 Dividend of $0.21 (VNR)
Vanguard Natural Resources (NYSE:VNR) declared a jul 14 dividend on Tuesday, August 19th, Stock Ratings News reports. Shareholders of record on Tuesday, September 2nd will be given a dividend of 0.21 per share on Friday, September 12th.
A number of research firms have recently commented on VNR. Analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Vanguard Natural Resources in a research note on Thursday, August 7th. They now have a $31.00 price target on the stock, down previously from $34.00. On the ratings front, 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, August 6th. Finally, analysts at Wunderlich downgraded shares of Vanguard Natural Resources from a “buy” rating to a “hold” rating in a research note on Wednesday, August 6th. They now have a $29.00 price target on the stock, down previously from $34.00. Seven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $32.17.
Vanguard Natural Resources (NYSE:VNR) traded up 0.61% on Tuesday, hitting $29.75. The stock had a trading volume of 360,995 shares. Vanguard Natural Resources has a 1-year low of $26.80 and a 1-year high of $33.04. The stock’s 50-day moving average is $31.26 and its 200-day moving average is $30.60. The company has a market cap of $2.453 billion and a P/E ratio of 379.10.
Vanguard Natural Resources (NYSE:VNR) last posted its quarterly 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 $1.15 earnings per share for the current fiscal year.
In other Vanguard Natural Resources news, CEO Scott W. Smith acquired 2,500 shares of Vanguard Natural Resources stock in a transaction dated Wednesday, August 6th. The shares were purchased at an average price of $29.00 per share, with a total value of $72,500.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
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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