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Stifel announced Vanguard Natural Resources (NASDAQ:VNR), hiking its price target to $0.50 earlier today

Reporting a possible downside of -0.62%, Stifel bumped the estimated target of Vanguard Natural Resources (NASDAQ:VNR) to $1.

Boasting a price of $1.30, Vanguard Natural Resources (NASDAQ:VNR) traded 0.00% even on the day. The last stock close is down 17.69% from the two hundred day average, compared to the S&P 500 Index which has fallen -0.01% over the same time period. The company has been tracking to a 50-day average of $1.47 and two hundred day moving average of $1.58. Trading volume was was down over the average, with 552,715 shares of VNR changing hands under the typical 1,454,960 shares.

Performance Graph:

Vanguard Natural Resources (NASDAQ:VNR)

With a market capitalization of $0.0, Vanguard Natural Resources has a one-year low of $1.07 and a one-year high of $9.86 with a P/E ratio of 0.

In addition to Stifel reporting it’s target price, a total of 11 brokerages have released a ratings update on the company. The 12-month target stock price is $3.80 with two analysts rating the stock a strong buy, two firms rating the company a buy, seven analyts rating the stock a hold, 0 rating the company to underperform, and lastly one firmrating the company as sell.

Brief Synopsis About Vanguard Natural Resources (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, and 510 gross undeveloped leasehold acres surrounding its existing wells.

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