Last $16.58 USD
Change Today -0.10 / -0.60%
Volume 657.4K
VNR On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 8:10 PM 02/27/15 All times are local (Market data is delayed by at least 15 minutes).

vanguard natural resources (VNR) Snapshot

Open
$16.83
Previous Close
$16.68
Day High
$17.00
Day Low
$16.26
52 Week High
07/24/14 - $33.04
52 Week Low
01/20/15 - $11.90
Market Cap
1.4B
Average Volume 10 Days
766.6K
EPS TTM
$1.35
Shares Outstanding
83.6M
EX-Date
02/26/15
P/E TM
12.3x
Dividend
$1.41
Dividend Yield
14.64%
Current Stock Chart for VANGUARD NATURAL RESOURCES (VNR)

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vanguard natural resources (VNR) Details

Vanguard Natural Resources, LLC, through its subsidiaries, acquires and develops oil and natural gas properties in the United States. It owns properties, and oil and natural gas reserves, which are located in eight operating basins, including the Arkoma Basin in Arkansas and Oklahoma; the Permian Basin in West Texas and New Mexico; the Big Horn Basin in Wyoming and Montana; the Piceance Basin in Colorado; the Gulf Coast Basin in Texas and Mississippi; the Wind River Basin in Wyoming; the Williston Basin in North Dakota and Montana; and the Powder River Basin in Wyoming. As of December 31, 2013, the company had total proved reserves of 172.2 million barrels of oil equivalent, as well as owned working interests in 7,277 gross productive wells and approximately 797,118 gross undeveloped acres. Vanguard Natural Resources, LLC was founded in 2006 and is headquartered in Houston, Texas.

172 Employees
Last Reported Date: 02/28/14
Founded in 2006

vanguard natural resources (VNR) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $687.5K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $649.8K
Executive Vice President of Operations
Total Annual Compensation: $577.5K
Compensation as of Fiscal Year 2013.

vanguard natural resources (VNR) Key Developments

Vanguard Natural Resources, LlC Announces Preliminary Financial and Operating Results for the Fourth Quarter of 2014 and Full Year 2014; Provides Earnings Guidance for 2015 and 2016

Vanguard Natural Resources, LLC announced preliminary unaudited financial and operating results for the fourth quarter and full year 2014. The company reported adjusted EBITDA of approximately $126 million for the fourth quarter and $421 million for the full year 2014; distributable cash flow available to common and Class B unitholders of approximately $74 million for the fourth quarter and $215 million for the full year 2014; distribution coverage ratio of 1.40x for the fourth quarter and 1.04x for the full year 2014, based on a common distribution of $0.63 per unit and $2.52 per unit, respectively; adjusted net income available to common and Class B Unitholders, per common unit of $0.19 per unit for the fourth quarter and $1.10 per unit for the full year 2014; and reported average production of 402 MMcfe per day for the fourth quarter and 327 MMcfe per day for the full year 2014. Capital expenditure were expected to be $114.6 million for 2014. For 2015, the company expects adjusted EBITDA of $373 million; capital expenditures of $113.5 million; and distributable cash flow of $147 million. Total net production is expected to be in the range of 360,400 Mcfe per day to 398,000 Mcfe per day. The company currently anticipate a capital budget for 2015 of approximately $113.5 million, excluding any potential future acquisitions. The company expects to spend approximately 50% of the 2015 capital budget on activities in the Green River Basin (Pinedale Anticline) where the company will participate as a non-operated partner in the drilling and completion of vertical natural gas wells. Additionally, the company expects to spend approximately 25% of the 2015 capital budget in the Gulf Coast Basin on the newly acquired East Haynesville assets drilling both vertical and horizontal wells and several recompletion projects. The balance of the 2015 budget is related to maintenance activities in the other operating areas. For 2016, the company expects adjusted EBITDA of $377.5 million; capital expenditures of $117 million; and distributable cash flow of $143.8 million. Total net production is expected to be in the range of 353,000 Mcfe per day to 393,200 Mcfe per day. During 2015 and 2016, the company intends to concentrate the drilling on low risk, development opportunities with the majority of drilling capital focused on high Btu natural gas wells. For purposes of 2016 guidance, the company assumed the same allocation of capital and drilling results as the 2015 capital plan.

Vanguard Natural Resources, LLC Declares Dividend on Common Units and Preferred Units, Payable on March 17, 2015

Vanguard Natural Resources, LLC announced a cash distribution per common unit of $0.1175 for the month of January 2015, or $1.41 per unit on an annualized basis. This amount will be payable on March 17, 2015, to unitholders of record at the close of business on March 2, 2015, and represents a reduction from Vanguard's last monthly payment which was $0.21 per common unit or $2.52 per unit on an annualized basis. No change to cash distributions for its 7.875% Series A Cumulative Redeemable Perpetual Preferred Units of $0.1641 per unit, its 7.625% Series B Cumulative Redeemable Perpetual Preferred Units of $0.15885 per unit, and its 7.75% Series C Cumulative Redeemable Perpetual Preferred Units of $0.16146 per unit, all payable on March 17, 2015 to preferred unitholders of record on March 2, 2015.

Vanguard Natural Resources, LLC to Report Q4, 2014 Results on Feb 17, 2015

Vanguard Natural Resources, LLC announced that they will report Q4, 2014 results Pre-Market on Feb 17, 2015

 

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Industry Analysis

VNR

Industry Average

Valuation VNR Industry Range
Price/Earnings 100.0x
Price/Sales 2.5x
Price/Book 1.1x
Price/Cash Flow 6.9x
TEV/Sales NM Not Meaningful
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