Vanguard Natural Resources (VNR) is Downgraded by Morgan Stanley to Equal-Weight , according to the research report released to the investors. Earlier the firm had a rating of Overweight on the company shares. The shares recommendation by the Brokerage Firm was released on Dec-30-2015.
The company shares have dropped 79.03% in the past 52 Weeks. On February 9, 2015 The shares registered one year high of $19.5 and one year low was seen on December 14, 2015 at $2.41. The 50-day moving average is $4.82 and the 200 day moving average is recorded at $9.02. S&P 500 has rallied 1.33% during the last 52-weeks.
Shares of Vanguard Natural Resources LLC (NASDAQ:VNR) appreciated by 17% during the past week but lost 37.32% on a 4-week basis. The shares have outperformed the S&P 500 by 13.85% in the past week but underperformed the index by 36.44% in the last 4 weeks.
During the last several months other analysts have commented on the company rating. Barclays maintains its view on Vanguard Natural Resources LLC (NASDAQ:VNR) according to the research report released by the firm to its investors. The shares have now been rated Equal-weight by the stock experts at the ratings house. Barclays lowers the price target from $10 per share to $2.5 per share on Vanguard Natural Resources LLC. The rating by the firm was issued on December 18, 2015.
Vanguard Natural Resources LLC (NASDAQ:VNR) : On Thursday heightened volatility was witnessed in Vanguard Natural Resources LLC (NASDAQ:VNR) which led to swings in the share price. The shares opened for trading at $3.24 and hit $3.6 on the upside , eventually ending the session at $3.51, with a gain of 8.67% or 0.28 points. The heightened volatility saw the trading volume jump to 2,078,712 shares. The 52-week high of the share price is $19.5 and the company has a market cap of $458 million. The 52-week low of the share price is at $2.41 .
On a different note, The Company has disclosed insider buying and selling activities to the Securities Exchange, The Securities and Exchange Commission has divulged in a Form 4 filing that the CFO of Vanguard Natural Resources, Llc, Robert Richard A had purchased shares worth of $293,074 in a transaction dated on March 25, 2015. A total of 20,610 shares were purchased at a price of $14.22 per share. The information is based on open market trades at the market prices.Option exercises are not covered.
Vanguard Natural Resources LLC (NASDAQ:VNR): 13 Analyst have given the stock of Vanguard Natural Resources LLC (NASDAQ:VNR) a near short term price target of $11.92. The standard deviation reading, which is a measure by which the stock price is expected to swing away from the mean estimate, is at $6.07. The higher price target estimate is at $25 while the lower price estimates are fixed at $3.
Vanguard Natural Resources, LLC (Vanguard) is focused on the acquisition and development of oil and natural gas properties in the United States. Through the Company’s operating subsidiaries, it owns properties and oil and natural gas reserves located in nine operating areas: the Arkoma Basin in Arkansas and Oklahoma; the Permian Basin in West Texas and New Mexico; the Big Horn Basin in Wyoming and Montana; the Piceance Basin in Colorado; South Texas; the Williston Basin in North Dakota and Montana; the Wind River Basin in Wyoming; the Powder River Basin in Wyoming; and Mississippi. On December 22, 2011, the Company acquired additional working interest in the certain oil and natural gas properties located in Mississippi. On June 29, 2012, the Company acquired natural gas and liquids assets from Antero Resources. On December 31, 2012, it consummated the previously announced acquisition of natural gas and liquids assets from Bill Barrett Corporation.