Vanguard Natural Resources (VNR) Announces Quarterly Earnings Results, Misses Estimates By $0.07 EPS
Vanguard Natural Resources (NYSE: VNR) released its earnings data on Friday. The company reported $0.27 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.34 by $0.07. The company had revenue of $82.30 million for the quarter, compared to the consensus estimate of $93.23 million. During the same quarter last year, the company posted $0.76 earnings per share. Vanguard Natural Resources’s revenue was down 4.3% compared to the same quarter last year.
A number of analysts have recently weighed in on VNR shares. Analysts at Raymond James initiated coverage on shares of Vanguard Natural Resources in a research note to investors on Monday, January 28th. They set an “outperform” rating and a $32.00 price target on the stock. On a related note, analysts at Zacks downgraded shares of Vanguard Natural Resources from a “neutral” rating to an “underperform” rating in a research note to investors on Friday, January 18th. They now have a $27.20 price target on the stock. Finally, analysts at Citigroup cut their price target on shares of Vanguard Natural Resources to $31.50 in a research note to investors on Wednesday, January 16th.
Eight investment analysts have rated the stock with a buy rating, two have assigned an overweight rating, and one has issued a hold rating to the company. The stock has an average rating of “buy” and a consensus target price of $31.80.
Shares of Vanguard Natural Resources (VNR) traded down 0.14% during mid-day trading on Friday, hitting $27.77. Vanguard Natural Resources (VNR) has a one year low of $22.81 and a one year high of $30.22. The stock’s 50-day moving average is currently $28.14. The company has a market cap of $1.641 billion and a P/E ratio of 77.25.
The company also recently declared a monthly dividend, which is scheduled for Friday, March 15th. Stockholders of record on Friday, March 1st will be given a dividend of $0.20 per share. This represents a $2.43 dividend on an annualized basis and a yield of 8.75%. The ex-dividend date of this dividend is Wednesday, February 27th.
Vanguard Natural Resources, LLC (Vanguard) is focused on the acquisition and development of natural gas and oil properties in the United States.
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