Arrow Investment Advisors LLC boosted its stake in shares of Vanguard Natural Resources, LLC (NASDAQ:VNR) by 135.0% during the second quarter, Holdings Channel reports. The institutional investor owned 439,829 shares of the company’s stock after buying an additional 252,681 shares during the period. Arrow Investment Advisors LLC’s holdings in Vanguard Natural Resources were worth $620,000 at the end of the most recent quarter.
Separately, State Street Corp raised its stake in shares of Vanguard Natural Resources by 3.9% in the first quarter. State Street Corp now owns 73,642 shares of the company’s stock valued at $107,000 after buying an additional 2,756 shares during the last quarter.
Shares of Vanguard Natural Resources, LLC (NASDAQ:VNR) traded down 38.613% on Tuesday, reaching $0.517. 8,846,245 shares of the company’s stock were exchanged. The stock’s market cap is $67.97 million. Vanguard Natural Resources, LLC has a one year low of $0.51 and a one year high of $9.53. The company’s 50 day moving average is $1.26 and its 200-day moving average is $1.47.
Vanguard Natural Resources (NASDAQ:VNR) last announced its quarterly earnings data on Thursday, July 28th. The company reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.11. During the same quarter in the previous year, the business earned ($0.07) EPS. On average, analysts anticipate that Vanguard Natural Resources, LLC will post $1.09 EPS for the current year.
Several brokerages have issued reports on VNR. Ladenburg Thalmann lowered shares of Vanguard Natural Resources from a “neutral” rating to a “sell” rating in a research report on Tuesday. Zacks Investment Research upgraded shares of Vanguard Natural Resources from a “hold” rating to a “buy” rating and set a $1.50 price objective for the company in a report on Wednesday, July 6th. Hilliard Lyons lowered shares of Vanguard Natural Resources from a “neutral” rating to an “underperform” rating in a report on Monday. Raymond James Financial Inc. lowered shares of Vanguard Natural Resources from a “market perform” rating to an “underperform” rating in a report on Monday. Finally, FBR & Co restated a “hold” rating and issued a $1.50 price objective on shares of Vanguard Natural Resources in a report on Friday, July 29th. Five analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company. Vanguard Natural Resources currently has a consensus rating of “Hold” and an average price target of $7.84.
About Vanguard Natural Resources
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.
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