Janney Montgomery Scott assumed coverage on shares of Vanguard Natural Resources (NYSE:VNR) in a report released on Friday, TheFlyOnTheWall.com reports. The firm issued a buy rating on the stock.
A number of other firms have also recently commented on VNR. Analysts at Zacks downgraded shares of Vanguard Natural Resources from a neutral rating to an underperform rating in a research note to investors on Monday, November 11th. They now have a $26.60 price target on the stock. Separately, analysts at Wunderlich initiated coverage on shares of Vanguard Natural Resources in a research note to investors on Wednesday, October 23rd. They set a buy rating and a $31.00 price target on the stock. Finally, analysts at UBS AG initiated coverage on shares of Vanguard Natural Resources in a research note to investors on Tuesday, October 15th. They set a neutral rating on the stock. One analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the stock. The stock presently has an average rating of Buy and a consensus target price of $29.01.
Vanguard Natural Resources (NYSE:VNR) traded down 0.07% during mid-day trading on Friday, hitting $28.3405. The stock had a trading volume of 51,081 shares. Vanguard Natural Resources has a 52 week low of $24.23 and a 52 week high of $29.93. The stock’s 50-day moving average is $28.36 and its 200-day moving average is $27.83. The company’s market cap is $2.208 billion.
Vanguard Natural Resources (NYSE:VNR) last announced its earnings results on Thursday, October 31st. The company reported $0.29 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.32 by $0.03. The company had revenue of $103.79 million for the quarter, compared to the consensus estimate of $127.92 million. During the same quarter in the prior year, the company posted $0.34 earnings per share. The company’s quarterly revenue was up 272.0% 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.
The company also recently announced a monthly dividend, which is scheduled for Friday, December 13th. Shareholders of record on Monday, December 2nd will be paid a dividend of $0.21 per share. This represents a $2.49 annualized dividend and a dividend yield of 8.78%. The ex-dividend date is Wednesday, November 27th.
Vanguard Natural Resources, LLC (NYSE:VNR) is focused on the acquisition and development of natural gas and oil properties in the United States.
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