MLV & Co Initiates Coverage on Vanguard Natural Resources (VNR)
Analysts at MLV & Co started coverage on shares of Vanguard Natural Resources (NYSE: VNR) in a research report issued to clients and investors on Tuesday. The firm set a “buy” rating and a $30.00 price target on the stock.
Other equities research analysts have also recently issued reports about the stock. Analysts at TheStreet upgraded shares of Vanguard Natural Resources to a “buy” rating in a research note to investors on Thursday, May 3rd. Analysts at RBC Capital (NYSE: RY) upgraded shares of Vanguard Natural Resources from a “sector perform” rating to an “outperform” rating in a research note to investors on Thursday, May 3rd.
Shares of Vanguard Natural Resources opened at 25.91 on Tuesday. Vanguard Natural Resources has a 52 week low of $21.86 and a 52 week high of $31.75. The company has a market cap of $1.347 billion and a P/E ratio of 10.72.
Vanguard Natural Resources last announced its earnings results on Wednesday, May 2nd. The company reported $0.41 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.49 by $0.08. The company’s quarterly revenue was up 14.9% on a year-over-year basis. On average, analysts predict that Vanguard Natural Resources will post $0.50 earnings per share next quarter.
Vanguard Natural Resources, LLC (Vanguard) is focused on the acquisition and development of natural gas and oil properties in the United States.