A number of other research analysts also recently commented on the company. Stifel Nicolaus downgraded Vanguard Natural Resources from a hold rating to a sell rating in a research report on Monday, September 19th. Zacks Investment Research downgraded Vanguard Natural Resources from a buy rating to a hold rating in a research report on Wednesday, August 3rd. FBR & Co reiterated a hold rating and set a $1.50 target price on shares of Vanguard Natural Resources in a research report on Thursday, July 7th. Finally, Raymond James Financial Inc. downgraded Vanguard Natural Resources from a market perform rating to an underperform rating in a research report on Monday. Five research analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the stock. Vanguard Natural Resources has a consensus rating of Hold and a consensus target price of $7.84.
Vanguard Natural Resources (NASDAQ:VNR) opened at 0.6215 on Monday. The firm’s 50-day moving average is $1.21 and its 200-day moving average is $1.46. The stock’s market capitalization is $81.70 million. Vanguard Natural Resources has a 12 month low of $0.51 and a 12 month high of $9.53.
Vanguard Natural Resources (NASDAQ:VNR) last posted its earnings results on Thursday, July 28th. The company reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.11. During the same period in the prior year, the company earned ($0.07) EPS. On average, equities analysts expect that Vanguard Natural Resources will post $1.09 earnings per share for the current fiscal year.
Hedge funds have recently added to or reduced their stakes in the company. Barclays PLC raised its stake 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. Airain ltd acquired a new stake in Vanguard Natural Resources during the second quarter worth $135,000. PNC Financial Services Group Inc. raised its stake 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. Tocqueville Asset Management L.P. raised its stake in Vanguard Natural Resources by 22.4% in the second quarter. Tocqueville Asset Management L.P. now owns 399,815 shares of the company’s stock worth $564,000 after buying an additional 73,200 shares during the last quarter. Finally, Arrow Investment Advisors LLC raised its stake in Vanguard Natural Resources by 135.0% in the second quarter. Arrow Investment Advisors LLC now owns 439,829 shares of the company’s stock worth $620,000 after buying an additional 252,681 shares during the last quarter.
Vanguard Natural Resources Company Profile
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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