Share on StockTwits

Vanguard Natural Resources (NYSE:VNR) has received an average rating of “Hold” from the ten analysts that are covering the stock, ARN reports. Seven equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $32.17.

Vanguard Natural Resources (NYSE:VNR) opened at 28.80 on Friday. Vanguard Natural Resources has a one year low of $27.13 and a one year high of $33.04. The stock has a 50-day moving average of $30.55 and a 200-day moving average of $30.58. The company has a market cap of $2.374 billion and a P/E ratio of 369.23.

Vanguard Natural Resources (NYSE:VNR) last released its earnings data 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.

The company also recently announced a jul 14 dividend, which is scheduled for Friday, September 12th. Stockholders of record on Tuesday, September 2nd will be paid a dividend of $0.21 per share. This represents a dividend yield of 8.41%. The ex-dividend date is Thursday, August 28th.

A number of analysts have recently weighed in on VNR shares. 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. Separately, 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.

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.