Separately, 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.
Vanguard Natural Resources traded down 0.94% on Thursday, hitting $27.547. Vanguard Natural Resources has a 1-year low of $21.86 and a 1-year high of $31.75. The company has a market cap of $1.432 billion and a price-to-earnings ratio of 15.98.
The company last announced its quarterly results on Wednesday, May 2nd. It reported $0.41 earnings per share (EPS) for the previous quarter, missing the Thomson Reuters consensus estimate of $0.49 EPS by $0.08. The company’s quarterly revenue was up 14.9% on a year-over-year basis. Analysts expect that Vanguard Natural Resources will post $0.51 EPS next quarter.
Vanguard Natural Resources, LLC (Vanguard) is focused on the acquisition and development of natural gas and oil properties in the United States.