Denbury Resources Receives New Coverage from Analysts at Howard Weil (DNR)
Stock analysts at Howard Weil assumed coverage on shares of Denbury Resources (NYSE:DNR) in a report issued on Tuesday, American Banking & Market News reports. The firm set an “outperform” rating on the stock.
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 P/E ratio of 15.68.
Denbury Resources (NYSE:DNR) last posted its quarterly 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 in the prior year, the company posted $0.35 earnings per share. The company’s quarterly revenue was up 8.0% on a year-over-year basis. On average, analysts predict that Denbury Resources will post $1.46 earnings per share for the current fiscal year.
DNR has been the subject of a number of other recent research reports. Analysts at Goldman Sachs Group Inc. initiated coverage on shares of Denbury Resources (NYSE:DNR) in a research note to investors on Tuesday. They set a “neutral” rating on the stock. Separately, 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. Finally, 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 analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $22.07.
Denbury Resources Inc is an independent oil and natural gas company. As of December 31, 2011, the Company had 461.
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