Vanguard Natural Resources, LLC (VNR) Receives Average Recommendation of “Hold” from Brokerages
Vanguard Natural Resources, LLC (NASDAQ:VNR) has received an average recommendation of “Hold” from the thirteen brokerages that are currently covering the company. Five analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $9.47.
Several brokerages recently issued reports on VNR. Ladenburg Thalmann lowered Vanguard Natural Resources from a “neutral” rating to a “sell” rating in a report on Tuesday, October 4th. Hilliard Lyons lowered Vanguard Natural Resources from a “neutral” rating to an “underperform” rating in a report on Monday, October 3rd. Raymond James Financial Inc. lowered Vanguard Natural Resources from a “market perform” rating to an “underperform” rating in a report on Monday, October 3rd. Stifel Nicolaus lowered Vanguard Natural Resources from a “hold” rating to a “sell” rating in a report on Monday, September 19th. Finally, Zacks Investment Research lowered Vanguard Natural Resources from a “buy” rating to a “hold” rating in a report on Wednesday, August 3rd.
Vanguard Natural Resources (NASDAQ:VNR) traded up 2.6450% on Tuesday, reaching $0.5239. The company’s stock had a trading volume of 430,004 shares. The firm’s market capitalization is $68.87 million. The stock’s 50 day moving average is $1.00 and its 200-day moving average is $1.40. Vanguard Natural Resources has a 52 week low of $0.46 and a 52 week high of $9.17.
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Vanguard Natural Resources (NASDAQ:VNR) last announced its quarterly earnings data on Thursday, July 28th. The company reported $0.24 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.13 by $0.11. During the same period in the previous year, the business earned ($0.07) EPS. Analysts predict that Vanguard Natural Resources will post $1.09 EPS for the current year.
Several institutional investors have recently bought and sold shares of the company. State Street Corp raised its position in Vanguard Natural Resources by 3.9% in the first quarter. State Street Corp now owns 73,642 shares of the company’s stock worth $107,000 after buying an additional 2,756 shares during the last quarter. Creative Planning raised its position in Vanguard Natural Resources by 70.2% in the third quarter. Creative Planning now owns 130,376 shares of the company’s stock worth $118,000 after buying an additional 53,792 shares during the last quarter. Airain ltd acquired a new position in Vanguard Natural Resources during the second quarter worth approximately $135,000. Barclays PLC raised its position in Vanguard Natural Resources by 109.7% in the second quarter. Barclays PLC now owns 108,804 shares of the company’s stock worth $153,000 after buying an additional 1,235,980 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its position in Vanguard Natural Resources by 1.2% in the second quarter. PNC Financial Services Group Inc. now owns 118,677 shares of the company’s stock worth $167,000 after buying an additional 1,386 shares during the last quarter.
About Vanguard Natural Resources
Vanguard Natural Resources, LLC is focused on the acquisition and development of oil and natural gas properties in the United States. Through its operating subsidiaries, the Company owns properties, and oil and natural gas reserves primarily located in over 10 operating basins: the Green River Basin in Wyoming; the Permian Basin in West Texas and New Mexico; the Gulf Coast Basin in Texas, Louisiana, Mississippi and Alabama; the Anadarko Basin in Oklahoma and North Texas; the Piceance Basin in Colorado; the Big Horn Basin in Wyoming and Montana; the Arkoma Basin in Arkansas and Oklahoma; the Williston Basin in North Dakota and Montana; the Wind River Basin in Wyoming, and the Powder River Basin in Wyoming.
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