Barclays Raises Estimates on Vanguard Natural Resources (VNR); Strength From Acquisitions
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Price: $29.43 +0.17%
Rating Summary:
9 Buy, 1 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 12 | Down: 28 | New: 13
Rating Summary:
9 Buy, 1 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 12 | Down: 28 | New: 13
Trade VNR Now!
Barclays maintains an 'Overweight' on Vanguard Natural Resources (NYSE: VNR) price target of $32.00.
Analyst, Jeffrey W. Robertson, said, "We are revising our estimates to reflect the pending Woodford and Fayetteville Shale acquisition announced on June 4. We believe the transaction significantly strengthens the company's distribution coverage ratios and could ultimately support a double-digit distribution increase from current levels."
FY12 EPS estimate raised from $1.70 to $2.20 and FY13 from $1.90 to $2.75.
For an analyst ratings summary and ratings history on Vanguard Natural Resources click here. For more ratings news on Vanguard Natural Resources click here.
Shares of Vanguard Natural Resources closed at $24.82 yesterday, with a 52 week range of $21.86-$31.75.
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Analyst, Jeffrey W. Robertson, said, "We are revising our estimates to reflect the pending Woodford and Fayetteville Shale acquisition announced on June 4. We believe the transaction significantly strengthens the company's distribution coverage ratios and could ultimately support a double-digit distribution increase from current levels."
FY12 EPS estimate raised from $1.70 to $2.20 and FY13 from $1.90 to $2.75.
For an analyst ratings summary and ratings history on Vanguard Natural Resources click here. For more ratings news on Vanguard Natural Resources click here.
Shares of Vanguard Natural Resources closed at $24.82 yesterday, with a 52 week range of $21.86-$31.75.
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Barclays, Vanguard
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