Vanguard Natural Resources LLC (VNR) has been under a strong bear grip, hence the stock is down -16.62% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 13.27% in the past 1 week. The stock has risen by 13.24% in the past week indicating that the buyers are active at lower levels, but the stock is down -16.3% in the past 4 weeks.
Vanguard Natural Resources, LLC is up 2.67% in the last 3-month period. Year-to-Date the stock performance stands at -46.68%. The stock has recorded a 20-day Moving Average of 3.9% and the 50-Day Moving Average is 2.57%.
Vanguard Natural Resources LLC (NASDAQ:VNR): The stock opened at $1.59 on Friday but the bulls could not build on the opening and the stock topped out at $1.60 for the day. The stock traded down to $1.52 during the day, due to lack of any buying support eventually closed down at $1.54 with a loss of -3.75% for the day. The stock had closed at $1.60 on the previous day. The total traded volume was 937,311 shares.
Also, Stifel Nicolaus upgrades its rating on Vanguard Natural Resources LLC (NASDAQ:VNR). Analysts at the Stifel Nicolaus have a current rating of Overweight on the shares. The shares were previously rated Equal-weight. The rating by the firm was issued on May 27, 2016.
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 Companys 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.