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Vanguard Natural Resources Makes a Move: Up 1.6%

Published on Fri, 06/21/2013 - 11:52
By Adrienne Chilton

Up 1.6% to $27.94, Vanguard Natural Resources (NYSE:VNR), is one of today's notable movers. The S&P is currently trading fractionally higher to 1,590 and the Dow Jones Industrial Average is trading 0.2% higher to 14,793.

Vanguard Natural Resources LLC. is an independent natural gas and oil company. The Company develops and exploits mature, long-lived natural gas and oil properties.

Vanguard Natural Resources share prices have moved between a 52-week high of $30.22 and a 52-week low of $24.25 and are now trading 15% above that low price at $27.94 per share. The 200-day and 50-day moving averages have moved 0.07% lower and 0.12% lower over the past week, respectively.

Vanguard Natural Resources has overhead space with shares priced $27.94, or 12.2% below the average consensus analyst price target of $31.82. The stock should find initial resistance at its 200-day moving average (MA) of $28.21 and further resistance at its 50-day MA of $28.56.

By Adrienne Chilton
achilton@fnno.com