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Raymond James Financial Inc. downgraded Vanguard Natural Resources, LLC (NASDAQ:VNR) to Underperform in a report released today.

Raymond James Financial Inc. has downgraded Vanguard Natural Resources, LLC (NASDAQ:VNR) to Underperform in a report released on 10/3/2016.

Just yesterday Vanguard Natural Resources, LLC (NASDAQ:VNR) traded -3.86% lower at $0.86. Vanguard Natural Resources, LLC’s 50-day moving average is $1.28 and its 200-day moving average is $1.49. The last closing price is down -41.52% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 1,768,554 shares of VNR traded hands, up from an average trading volume of 1,594,000

Recent Performance Chart

Vanguard Natural Resources, LLC (NASDAQ:VNR)

Vanguard Natural Resources, LLC has 52 week low of $0.81 and a 52 week high of $9.53 and has a market capitalization of $0.

In addition to Raymond James Financial Inc. reporting its stock price target, a total of 11 brokerages have issued a ratings update on the company. The average stock price target is $3.80 with 2 brokerages rating the stock a strong buy, 2 brokerages rating the stock a buy, 7 brokerages rating the stock a hold, 0 brokerages rating the stock a underperform, and finally 1 brokerage rating the stock a sell.

Brief Synopsis On Vanguard Natural Resources, LLC (NASDAQ:VNR)

Vanguard Natural Resources, LLC is focused on the acquisition and development of oil and natural gas properties in the United States. Through its operating subsidiaries, the Company owns properties, and oil and natural gas reserves primarily located in over 10 operating basins: the Green River Basin in Wyoming; the Permian Basin in West Texas and New Mexico; the Gulf Coast Basin in Texas, Louisiana, Mississippi and Alabama; the Anadarko Basin in Oklahoma and North Texas; the Piceance Basin in Colorado; the Big Horn Basin in Wyoming and Montana; the Arkoma Basin in Arkansas and Oklahoma; the Williston Basin in North Dakota and Montana; the Wind River Basin in Wyoming, and the Powder River Basin in Wyoming. The Company owns working interests in approximately 14,460 gross (over 5,280 net) productive wells. In addition, the Company owns approximately 881,510 gross undeveloped leasehold acres surrounding its existing wells.

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