McNicoll Lewis & Vlak Initiates Coverage on Vanguard Natural Resources (VNR)

By admin | 6 years ago

McNicoll Lewis & Vlak initiated coverage on shares of Vanguard Natural Resources (NYSE: VNR) in a research note issued on Tuesday. The firm set a “buy” rating on the stock.

Other equities research analysts have also recently issued reports about the stock. Analysts at MLV & Co initiated coverage on shares of Vanguard Natural Resources in a research note to investors on Tuesday. They set a “buy” rating and a $30.00 price target on the stock. Separately, analysts at TheStreet upgraded shares of Vanguard Natural Resources to a “buy” rating in a research note to investors on Thursday, May 3rd. Finally, 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 traded down 2.43% during mid-day trading on Tuesday, hitting $25.28. Vanguard Natural Resources has a one year low of $21.86 and a one year high of $31.75. The company has a market cap of $1.314 billion and a P/E ratio of 10.72.

Vanguard Natural Resources last issued its quarterly earnings data on Wednesday, May 2nd. The company reported $0.41 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.49 by $0.08. Vanguard Natural Resources’s revenue was up 14.9% compared to the same quarter last year. 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.

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