Rating Worth Watching: Valener Inc (TSE:VNR) Investors: RBC Capital Markets Reaffirms “Sector Perform” Rating, Sees $24.00/Share

November 25, 2016 - By Louis Casey

Valener Inc (TSE:VNR) Rating

Valener Inc (TSE:VNR) had its stock rating noted as “Sector Perform” by analysts at RBC Capital Markets. RBC Capital Markets currently has a $24.00 TP on the $833.36 million market cap company or 15.22% upside potential. This was shown in an analyst report on 25 November.

Valener Inc (TSE:VNR) Ratings Coverage

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 5.14% above today’s ($20.83) stock price. Valener Inc has been the topic of 8 analyst reports since October 23, 2015 according to StockzIntelligence Inc. On Monday, August 15 the stock rating was maintained by Desjardins Securities with “Hold”. The stock of Valener Inc (TSE:VNR) has “Market Perform” rating given on Friday, October 23 by BMO Capital Markets. The stock of Valener Inc (TSE:VNR) has “Sector Perform” rating given on Monday, November 30 by RBC Capital Markets.

About 33,716 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 1.01 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.

Sphinx Trading Ltd Partnership holds 0.03% or 10,066 shares in its portfolio. Credit Suisse Ag has 208,056 shares for 0% of their US portfolio. Thrivent Fincl For Lutherans, a Minnesota-based fund reported 187 shares. Brown Brothers Harriman And holds 0% of its portfolio in Valener Inc (TSE:VNR) for 3,000 shares. Jpmorgan Chase & Comm last reported 0% of its portfolio in the stock. Moreover, Royal Bancshares Of Canada has 0% invested in Valener Inc (TSE:VNR) for 66,858 shares. Walleye Trading Llc has 0% invested in the company for 90 shares. Goldman Sachs Gp Incorporated last reported 29,775 shares in the company. State Street Corporation reported 10,454 shares or 0% of all its holdings. Alexandria Lc holds 900 shares or 0% of its portfolio. Trustmark National Bank Trust Department has 0% invested in the company for 11,390 shares. Moreover, Huntington Bank & Trust has 0.01% invested in Valener Inc (TSE:VNR) for 24,020 shares. Ledyard Financial Bank holds 900 shares or 0% of its portfolio. Barclays Public Limited holds 0% or 108,804 shares in its portfolio. The Illinois-based Spot Trading Ltd Com has invested 0% in Valener Inc (TSE:VNR).

Valener Inc. is a Canada-based energy company. The company has a market cap of $833.36 million. The Firm holds interests in Gaz Metro Limited Partnership . It has a 10.21 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.”

VNR Company Profile

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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