Vanguard Natural Resources Llc (NYSE:VNR) Receives a Downgrade
In a note distributed to Clients on 7 December, Stifel Nicolaus cut Vanguard Natural Resources Llc (NYSE:VNR) shares to a Sell rating from the previous Hold. Stifel Nicolaus now has a $3.00 target PPS on the stock. This target PPS would now indicate a possible downside, according to the firm, of -32.74% from last close price of the stock.
From a total of 11 analysts covering Vanguard Natural Resources Llc (NYSE:VNR) stock, 7 rate it a ”Buy”, 0 a “Sell”, and 6 a ”Hold”. This means that 54% of the ratings are positive. The highest target price is $14 while the lowest target price is $7.5. The mean of all analyst targets is $10.36 with a 173.54% above today’s ($4.46) stock price. Vanguard Natural Resources Llc was the topic of 8 analyst reports since July 21, 2015 according to the firm StockzIntelligence Inc. Bank of America downgraded shares on October 21 to “Neutral” rating. Barclays Capital maintained VNR stock in a recent report from September 30 with “Equal Weight” rating. Finally, RBC Capital Markets maintained the stock with “Sector Perform” rating in a report issued on an August 6.
The stock decreased 17.10% or $0.92 on December 4, striking $4.46. Approximately shares of stock traded hands. Vanguard Natural Resources, LLC (NYSE:VNR) has declined 73.53% since May 4, 2015 and is downtrending. It has underperformed by 72.45% the S&P500.
The overall sentiment of institutions has decreased to 0.77 in Q2 2015. Its down 0.75, from 1.52 in 2015Q2. The ratio is negative, as 25 institutions have sold all the shares of Vanguard Natural Resources, LLC that they owned while 41 funds have taken shares off the table. 16 funds have purchased shares for the first time while 35 added to their positions. These institutions now hold 11.78 million shares or 24.40% more than the 9.47 million shares they owned in 2015Q2.
The Fund Gilman Hill Asset Management Llc currently is holding shares equating to 0.57% of its total portfolio in Vanguard Natural Resources, LLC representing a total of 144,940 shares. Another fund,Creegan & Nassoura Financial Group Llc, is holding a total of 64,841 shares equating to 0.56% of their holdings. Additionally, Cushing Asset Management Lp has a 1.44 million share stake in Vanguard Natural Resources, LLC which represents 0.42% of their total portfolio. The Fund, Diligent Investors Llc, based out of California, has also built up a stake in the stock, which represents a total of 0.26% of their total portfolio. Finally Corecommodity Management Llc, a fund which is based in the state of Connecticut reported a total holdings of 35,077 shares.
Vanguard Natural Resources, LLC is a limited liability firm focused on the acquisition and development of oil and natural gas properties in the United States. The company has a market cap of $581.87 million. Through its operating subsidiaries, the Company owns properties, and oil and natural gas reserves primarily located in nine operating basins. It currently has negative earnings. The Company’s operating basins include Green River Basin in Wyoming; the Piceance Basin in Colorado; the Permian Basin in West Texas and New Mexico; the Gulf Coast Basin in Texas, Louisiana and Mississippi, and the Big Horn Basin in Wyoming and Montana.
According to Zacks Investment Research, “Vanguard is an independent natural gas and oil company, focused on the acquisition, exploitation and development of natural gas and oil properties. Vanguard’s assets consist primarily of producing and non-producing natural gas reserves located in the southern portion of the Appalachian Basin, primarily in southeast Kentucky and northeast Tennessee.” Get a free copy of the Zacks research report on Vanguard Natural Resources, LLC (VNR).