Zacks Investment Research downgraded shares of VANGUARD NATURL (VNR) from NEUTRAL to UNDERPERFORM on November 06, 2012, with a target price of $28.00.
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.
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