November 25, 2016 - By Louis Casey
In analysts note sent to investors and clients by TD Securities on Friday morning, Valener Inc (TSE:VNR) had its price target downgraded to $22.00. The firm presently has “Hold” rating on the stock.
Out of 4 analysts covering Valener Inc (TSE:VNR), 0 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 0 are positive. $23 is the highest target while $18 is the lowest. The $21.90 average target is 4.99% above today’s ($20.86) stock price. Valener Inc has been the topic of 8 analyst reports since October 23, 2015 according to StockzIntelligence Inc. Desjardins Securities maintained Valener Inc (TSE:VNR) rating on Monday, August 15. Desjardins Securities has “Hold” rating and $22.50 price target. BMO Capital Markets initiated it with “Market Perform” rating and $18 target price in Friday, October 23 report. The stock of Valener Inc (TSE:VNR) earned “Sector Perform” rating by RBC Capital Markets on Monday, November 30.
About 37,421 shares traded hands. Valener Inc (TSE:VNR) has declined 4.88% since April 21, 2016 and is downtrending. It has underperformed by 10.29% the S&P500.
Analysts await Vanguard Natural Resources, LLC (NASDAQ:VNR) to report earnings on March, 3. They expect $0.14 earnings per share, down 71.43% or $0.35 from last year’s $0.49 per share. VNR’s profit will be $18.87M for 0.99 P/E if the $0.14 EPS becomes a reality. After $0.26 actual earnings per share reported by Vanguard Natural Resources, LLC for the previous quarter, Wall Street now forecasts -46.15% negative EPS growth.
Insitutional Activity: The institutional sentiment increased to 0.64 in Q2 2016. Its up 0.02, from 0.62 in 2016Q1. The ratio improved, as 16 funds sold all Valener Inc shares owned while 31 reduced positions. 11 funds bought stakes while 18 increased positions. They now own 9.79 million shares or 44.62% less from 17.67 million shares in 2016Q1.
Spot Trading Limited Liability Co has 0% invested in the company for 188 shares. The Pennsylvania-based Hudock Capital Grp Ltd Company has invested 0% in Valener Inc (TSE:VNR). The Minnesota-based Thrivent Fincl For Lutherans has invested 0% in Valener Inc (TSE:VNR). Susquehanna Intll Gp Llp has 0% invested in the company for 14,026 shares. Guggenheim Capital Ltd has 112,762 shares for 0% of their US portfolio. Invest Centers Of America Incorporated owns 46,650 shares or 0.01% of their US portfolio. Ent Fincl holds 0% or 1,000 shares in its portfolio. Stratos Wealth Partners Limited owns 12,500 shares or 0% of their US portfolio. The Germany-based Deutsche Bank & Trust Ag has invested 0% in Valener Inc (TSE:VNR). Bokf Na, a Oklahoma-based fund reported 11,767 shares. Manufacturers Life Ins Communications The holds 0% of its portfolio in Valener Inc (TSE:VNR) for 6,166 shares. Tocqueville Asset Mgmt L P reported 399,815 shares or 0.01% of all its holdings. Peak6 Ltd Partnership owns 4,000 shares or 0% of their US portfolio. Focused Wealth accumulated 1,868 shares or 0% of the stock. Trust Asset Mgmt Llc accumulated 0.01% or 10,278 shares.
Valener Inc. is a Canada-based energy company. The company has a market cap of $834.56 million. The Firm holds interests in Gaz Metro Limited Partnership . It has a 10.22 P/E ratio. The Company’s divisions include Energy Distribution; Natural Gas Transportation; Energy Production; Energy Services, Storage and Other, and Corporate Affairs.
According to Zacks Investment Research, “Vanguard is an independent natural gas and oil company, focused on the acquisition, exploitation and development of natural gas and oil properties. Vanguard’s assets consist primarily of producing and non-producing natural gas reserves located in the southern portion of the Appalachian Basin, primarily in southeast Kentucky and northeast Tennessee.”
Vanguard Natural Resources, LLC, incorporated on October 17, 2006, is 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 over 10 operating basins: the Green River Basin in Wyoming; the Permian Basin in West Texas and New Mexico; the Gulf Coast Basin in Texas, Louisiana, Mississippi and Alabama; the Anadarko Basin in Oklahoma and North Texas; the Piceance Basin in Colorado; the Big Horn Basin in Wyoming and Montana; 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.
Another recent and important Valener Inc (TSE:VNR) news was published by Theglobeandmail.com which published an article titled: “Small-cap presents a stable outlook with high dividend yields” on January 05, 2015.
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By Louis Casey