Vanguard Natural Resources, LLC is an Oil-US Exploration and Production company that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.

These positive earnings estimate revisions suggest that analysts are becoming more optimistic on VNR’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Vanguard Natural Resources could be a solid choice for investors.

VANGUARD NATURL Price and Consensus

VANGUARD NATURL Price and Consensus | VANGUARD NATURL Quote

Current Quarter Estimates for VNR

In the past 30 days, 2 estimates has gone higher for Vanguard Natural Resources while none has gone lower in the same time period. The trend has been pretty favorable too, with estimates rising from earnings of 11 cents per share 30 days ago, to earnings of 13 cents today, a move of 18.2%.

Current Year Estimates for VNR

Meanwhile, Vanguard Natural Resources current year figures are also looking quite promising, with 2 estimates moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame with estimates rising from earnings of 47 cents per share 30 days ago, to earnings of 53 cents today, a move of 12.8%.

Bottom Line

The stock has also started to move higher lately, adding 43.9% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #2 (Buy) stock to profit in the near future.

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