September 23, 2016 - 3:09 PM EDT
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Midday Update: Vanguard Natural Resources LLC (VNR) Charges Ahead 5.94% on September 22

Vanguard Natural Resources LLC (VNR) has been one of the best performers amongst all NYSE and NASDAQ listed stocks in the basic materials sector during morning trading on September 22. At the lunch break, shares of VNR have gained 5.94% to $1.12 after closing the day prior at $1.06. In the first two and a half hours of trading, the stock has gone as high as $1.14 and as low as $1.05. Today's rise has come with about 821,649 shares changing hands, compared to an average 30-day volume of 1.2 million for Vanguard Natural Resources LLC. The price is currently below the 30-day volume weighted average price of $1.1 for VNR. The share appreciation gives the company a market capitalization of $138.9 million based upon 131.04 million shares outstanding. It also means that VNR has a price-to-book ratio of 2.83:1. In the past 52 weeks, shares of VNR have traded as low as $1.01 and as high as $9.53. Technical traders will take note that at $1.12, shares of VNR are trading below their 200-day MA at $1.79 and below their 50-day MA at $1.5. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding above them is typically regarded as bullish. Who is VNR? Vanguard Natural Resources LLC is a publicly traded limited liability company engaged in acquisition and development of mature, long-lived oil and natural gas properties in the United States. The company’s 381 employees are led by CEO Scott W. Smith from the corporate headquarters at 5847 San Felipe in Houston, TX. For more information on VNR and other companies trading on the major exchanges, as well as the over the counter markets, or to be considered for contributing content for our distribution network, visit today. All data provided by QuoteMedia, with stock data accurate as of 12:00 PM ET. is not responsible for inaccuracies in third-party supplied information. About is a leading publisher of market and investment news, commentary, proprietary research and videos from seasoned journalists, analysts and contributors covering the financial markets and global economies. Leveraging our extensive distribution network and social media presence, we have cultivated a valuable audience of engaged market enthusiasts, which in turn delivers a variety of unique opportunities for industry partnerships, corporate communications, market exposure and investment. A complete disclaimer can be viewed here.

Source: Financial Press News (September 23, 2016 - 3:09 PM EDT)

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