Stifel Nicolaus Downgrades Vanguard Natural Resources LLC to Sell

Brokerage firm Stifel Nicolaus Downgrades its rating on Vanguard Natural Resources LLC(NASDAQ:VNR). The shares have been rated Sell. Previously, the analysts had a Hold rating on the shares. The rating by Stifel Nicolaus was issued on Sep 19, 2016.

Vanguard Natural Resources LLC (VNR) made into the market gainers list on Thursdays trading session with the shares advancing 1.89% or 0.02 points. Due to strong positive momentum, the stock ended at $1.08, which is also near the day’s high of $1.14. The stock began the session at $1.06 and the volume stood at 13,14,050 shares. The 52-week high of the shares is $9.68 and the 52 week low is $1.01. The company has a current market capitalization of $142 M and it has 13,10,38,826 shares in outstanding.

Vanguard Natural Resources LLC(VNR) last announced its earnings results on Jul 27, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $93.48M. Analysts had an estimated revenue of $157.24M. Earnings per share were $0.24. Analysts had estimated an EPS of $0.11.

Several Insider Transactions has been reported to the SEC. On Mar 25, 2015, Richard A Robert (CFO) purchased 20,610 shares at $14.22 per share price.Also, On Mar 25, 2015, Scott W Smith (CEO) purchased 26,035 shares at $14.22 per share price.On Mar 25, 2015, Britt Pence (Executive VP, Operations) purchased 21,039 shares at $14.22 per share price, according to the Form-4 filing with the securities and exchange commission.

Vanguard Natural Resources LLC (VNR) is a limited liability company 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 nine operating basins. Its 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. Its operating basins also include 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’s subsidiaries include Vanguard Natural Gas LLC VNR Holdings LLC Vanguard Permian LLC Vanguard Operating LLC Encore Clear Fork Pipeline LLC LRR Energy L.P. and LRE GP LLC.

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