Vanguard Natural Resources, LLC (NASDAQ:VNR) has been downgraded to Underperform in a statement by Hilliard Lyons earlier today.
- Updated: October 3, 2016
Hilliard Lyons has downgraded Vanguard Natural Resources, LLC (NASDAQ:VNR) to Underperform in a statement released on Monday October 03, 2016.
Having a price of $0.86, Vanguard Natural Resources, LLC (NASDAQ:VNR) traded -3.86% lower on the day. With the last close down -41.52% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. VNR has recorded a 50-day average of $1.28 and a two hundred day average of $1.49. Trade Volume was up over the average, with 1,768,554 shares of VNR changing hands over the typical 1,594,000
Recent Performance Chart
Vanguard Natural Resources, LLC has with a one year low of $0.81 and a one year high of $9.53 and has a market capitalization of $0.
In addition to Hilliard Lyons reporting its stock price target, a total of 11 brokers have issued a report on the company. The average stock price target is $3.80 with 2 brokers rating the stock a strong buy, 2 brokers rating the stock a buy, 7 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 1 broker rating the stock a sell.
General Information About 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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