Denbury Resources Coverage Initiated at Goldman Sachs Group Inc. (DNR)
Equities research analysts at Goldman Sachs Group Inc. initiated coverage on shares of Denbury Resources (NYSE:DNR) in a research note issued to investors on Tuesday, TheFlyOnTheWall.com reports. The firm set a “neutral” rating on the stock.
Several other analysts have also recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Denbury Resources (NYSE:DNR) in a research note to investors on Tuesday, September 10th. They now have a $19.00 price target on the stock. Analysts at UBS AG raised their price target on shares of Denbury Resources (NYSE:DNR) to $18.00 in a research note to investors on Wednesday, August 7th.
Three investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Denbury Resources presently has an average rating of “Buy” and an average price target of $22.47.
Denbury Resources (NYSE:DNR) opened at 17.20 on Tuesday. Denbury Resources has a 52-week low of $14.24 and a 52-week high of $19.65. The stock’s 50-day moving average is $17.45 and its 200-day moving average is $17.85. The company has a market cap of $6.344 billion and a price-to-earnings ratio of 15.68.
Denbury Resources (NYSE:DNR) last announced its earnings results on Tuesday, August 6th. The company reported $0.41 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.34 by $0.07. The company had revenue of $645.00 million for the quarter, compared to the consensus estimate of $637.51 million. During the same quarter last year, the company posted $0.35 earnings per share. Denbury Resources’s revenue was up 8.0% compared to the same quarter last year. On average, analysts predict that Denbury Resources will post $1.46 earnings per share for the current fiscal year.
Denbury Resources Inc is an independent oil and natural gas company. As of December 31, 2011, the Company had 461.
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