Denbury Resources Inc. Hits New 52-Week Low at $15.60 (DNR)
Shares of Denbury Resources (NYSE:DNR) hit a new 52-week low on Monday, Analyst Ratings Network.com reports. The company traded as low as $15.60 and last traded at $15.61, with a volume of 6,279,726 shares trading hands. The stock had previously closed at $16.07.
A number of research firms have recently commented on DNR. Analysts at Barclays cut their price target on shares of Denbury Resources from $22.00 to $21.00 in a research note to investors on Monday. Separately, analysts at Goldman Sachs Group Inc. downgraded shares of Denbury Resources from a “neutral” rating to a “sell” rating in a research note to investors on Thursday. They now have a $17.00 price target on the stock, up previously from $16.04. Finally, analysts at TheStreet downgraded shares of Denbury Resources from a “buy” rating to a “hold” rating in a research note to investors on Thursday, January 23rd. One analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $21.58.
Denbury Resources has a 52-week low of $15.62 and a 52-week high of $19.65. The stock’s 50-day moving average is $16.31 and its 200-day moving average is $17.44. The company has a market cap of $5.715 billion and a P/E ratio of 13.85.
Denbury Resources (NYSE:DNR) last announced its earnings results on Tuesday, November 5th. The company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.06. The company had revenue of $674.00 million for the quarter, compared to the consensus estimate of $646.70 million. During the same quarter in the previous year, the company posted $0.33 earnings per share. The company’s revenue for the quarter was up 13.1% on a year-over-year basis. Analysts expect that Denbury Resources will post $1.51 EPS for the current fiscal year.
The company also recently declared a special dividend, which is scheduled for Tuesday, March 25th. Shareholders of record on Tuesday, February 25th will be given a dividend of 0.0563 per share. The ex-dividend date of this dividend is Friday, February 21st.
Denbury Resources Inc is an independent oil and natural gas company. As of December 31, 2011, the Company had 461.
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