A number of other equities research analysts have also weighed in on the company. Zacks Investment Research upgraded Vanguard Natural Resources from a hold rating to a buy rating and set a $1.50 price objective on the stock in a research report on Wednesday, July 6th. FBR & Co reiterated a hold rating and issued a $1.50 price objective on shares of Vanguard Natural Resources in a research report on Friday, July 29th. Finally, Stifel Nicolaus lowered Vanguard Natural Resources from a hold rating to a sell rating in a research report on Monday, September 19th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and one has issued a buy rating to the company’s stock. Vanguard Natural Resources has a consensus rating of Hold and a consensus price target of $7.84.
Vanguard Natural Resources (NASDAQ:VNR) opened at 1.01 on Monday. The company has a 50 day moving average of $1.34 and a 200 day moving average of $1.51. Vanguard Natural Resources has a 1-year low of $1.01 and a 1-year high of $9.53. The company’s market capitalization is $132.78 million.
Vanguard Natural Resources (NASDAQ:VNR) last announced its quarterly earnings data on Thursday, July 28th. The company reported $0.24 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.13 by $0.11. During the same period in the previous year, the firm earned ($0.07) EPS. On average, analysts predict that Vanguard Natural Resources will post $1.09 earnings per share for the current fiscal year.
A number of hedge funds and other institutional investors have recently made changes to their positions in VNR. State Street Corp boosted 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 valued at $107,000 after buying an additional 2,756 shares in the last quarter. Airain ltd acquired a new position in Vanguard Natural Resources during the second quarter valued at $135,000. Barclays PLC boosted 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 valued at $153,000 after buying an additional 1,235,980 shares in the last quarter. PNC Financial Services Group Inc. boosted 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 valued at $167,000 after buying an additional 1,386 shares in the last quarter. Finally, IFP Advisors Inc boosted its position in Vanguard Natural Resources by 6.5% in the first quarter. IFP Advisors Inc now owns 138,460 shares of the company’s stock valued at $202,000 after buying an additional 8,507 shares in 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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