Denbury Resources Price Target Raised to $25.00 at SunTrust (DNR)
SunTrust lifted their target price on shares of Denbury Resources (NYSE:DNR) from $23.00 to $25.00 in a research note issued on Wednesday, Analyst Ratings.Net reports. The firm currently has a “buy” rating on the stock. SunTrust’s price objective indicates a potential upside of 32.14% from the company’s current price.
Denbury Resources (NYSE:DNR) traded up 0.58% during mid-day trading on Wednesday, hitting $18.92. 4,746,600 shares of the company’s stock traded hands. Denbury Resources has a 52 week low of $14.24 and a 52 week high of $19.65. The stock has a 50-day moving average of $17.63 and a 200-day moving average of $17.85. The company has a market cap of $6.979 billion and a price-to-earnings ratio of 17.15.
Denbury Resources (NYSE:DNR) last released its earnings data 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. Analysts expect that Denbury Resources will post $1.49 EPS for the current fiscal year.
A number of other firms have also recently commented on DNR. Analysts at Howard Weil initiated coverage on shares of Denbury Resources (NYSE:DNR) in a research note to investors on Tuesday, September 24th. They set an “outperform” rating and a $28.00 price target on the stock. Separately, analysts at Goldman Sachs Group Inc. initiated coverage on shares of Denbury Resources (NYSE:DNR) in a research note to investors on Tuesday, September 24th. They set a “neutral” rating on the stock. Finally, 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. Three research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $22.50.
Denbury Resources Inc is an independent oil and natural gas company. As of December 31, 2011, the Company had 461.
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