Crude oil (WTI) is up 0.74% to $46.02 per barrel this afternoon and Brent crude is rising 0.78% to $47.74 per barrel.
The Baker Hughes (BHI) rig count, released this afternoon, reported that U.S. drillers added active rigs for the sixth week out of the past seven. Drillers added 6 rigs this week to bring the total count to 357.
The increase in rigs has prompted analysts to predict that the U.S. oil rig count has hit its bottom, and that production will begin to edge up by early 2017, Reuters reports.
Oil is on track for gains this week.
Vanguard is a Houston-based oil and natural gas property developer.
Separately, TheStreet Ratings rated this stock as a "sell" with a ratings score of E+.
The company's weaknesses can be seen in multiple areas, such as its weak operating cash flow and generally disappointing historical performance in the stock itself.
You can view the full analysis from the report here: VNR
Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.