November 25, 2016 - By olga
In an analyst note revealed to clients by BMO Capital Markets on Friday morning, Valener Inc (TSE:VNR) had its target price raised to $22.00. The firm right now has Market Perform 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. The firm has “Sector Perform” rating given on Monday, November 30 by RBC Capital Markets. As per Friday, October 23, the company rating was initiated by BMO Capital Markets. On Monday, August 15 the stock rating was maintained by Desjardins Securities with “Hold”.
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 EPS, down 71.43% or $0.35 from last year’s $0.49 per share. VNR’s profit will be $18.87 million for 0.99 P/E if the $0.14 EPS becomes a reality. After $0.26 actual EPS 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 2016 Q2. 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.
Moreover, Raymond James Service Inc has 0% invested in Valener Inc (TSE:VNR) for 226,677 shares. Moreover, Walleye Trading Ltd has 0% invested in Valener Inc (TSE:VNR) for 90 shares. Cannell Peter B & last reported 0% of its portfolio in the stock. Da Davidson has invested 0% of its portfolio in Valener Inc (TSE:VNR). Lime Rock Limited Partnership last reported 36.71% of its portfolio in the stock. National Bank & Trust Of America De holds 122,762 shares or 0% of its portfolio. Trust Asset Mgmt Ltd Liability Com holds 0.01% of its portfolio in Valener Inc (TSE:VNR) for 10,278 shares. Highlander Capital Ltd Com last reported 23,770 shares in the company. State Street holds 0% of its portfolio in Valener Inc (TSE:VNR) for 10,454 shares. Fin Svcs owns 1,000 shares or 0% of their US portfolio. Usca Ria Ltd Liability Corporation holds 0% of its portfolio in Valener Inc (TSE:VNR) for 15,250 shares. Oakworth Capital accumulated 0% or 370 shares. Pnc Svcs Grp last reported 118,677 shares in the company. Geode Cap Mngmt Limited Com accumulated 81,294 shares or 0% of the stock. Commonwealth Of Pennsylvania Pub School Empls Retrmt Systems, a Pennsylvania-based fund reported 179,546 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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