Vanguard Natural Resources Inc. (fka VNRRQ)

[ciciagt]

Barclays raises estimates for VNR
Barclays maintains an 'Overweight' on Vanguard Natural Resources (NYSE: VNR) price target of $32.00.

Analyst, Jeffrey W. Robertson, said, "We are revising our estimates to reflect the pending Woodford and Fayetteville Shale acquisition announced on June 4. We believe the transaction significantly strengthens the company's distribution coverage ratios and could ultimately support a double-digit distribution increase from current levels."

FY12 EPS estimate raised from $1.70 to $2.20 and FY13 from $1.90 to $2.75.

http://www.streetinsider.com/Analyst+Comments/Barclays+Raises+Estimates+on+Vanguard+Natural+Resources+(VNR);+Strength+From+Acquisitions/7518395.html