Vanguard Natural Resources (NASDAQ:VNR) has been downgraded from Neutral to Sell in a statement by Ladenburg Thalmann earlier today.
- Updated: October 4, 2016
Displaying a price of $0.84, Vanguard Natural Resources (NASDAQ:VNR) traded -38.61% lower on the day. The last stock close price is down -64.82% from the two hundred day average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same period. VNR has recorded a 50-day moving average of $1.26 and a 200-day moving average of $1.47. 8,843,798 shares of the stock were exchanged, up from an avg. volume of 1,616,400
Ladenburg Thalmann has downgraded Vanguard Natural Resources (NASDAQ:VNR) from Neutral to Sell in a report released on 10/04/2016.
Recent Performance Chart
With a total market value of $0, Vanguard Natural Resources has 52 week low of $0.51 and a one year high of $9.53 .
Also covering Vanguard Natural Resources's target, a total of 11 equity analysts have released a report on Vanguard Natural Resources. The 12-month price target is $3.80 with two brokerages rating the stock a strong buy, 2 firms rating the stock a buy, 7 brokers rating the stock a hold, zero equity analysts rating the company a underperform, and lastly one analyst rating the company a sell.
General Information 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 881,510 gross undeveloped leasehold acres surrounding its existing wells.
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