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Rating: VNR
Sell $3

VANGUARD NATURAL RES (NASDAQ: VNR) downgraded to Sell with price target $3 by Stifel

Monday,  Dec 7, 2015  8:25 AM ET by Lynn Gilbert

Stifel downgraded VANGUARD NATURAL RES (NASDAQ: VNR) to Sell with price
target $3. Previously, Stifel rated VANGUARD NATURAL RES (NASDAQ: VNR) to Hold on 09/18/2015, when the stock price was valued at $8.90.

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.

Stifel



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