Denbury Resources PT Lowered to $21.00 (DNR)
Investment analysts at Stifel Nicolaus lowered their price objective on shares of Denbury Resources (NYSE:DNR) from $25.00 to $21.00 in a note issued to investors on Thursday, AnalystRatings.Net reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ price objective suggests a potential upside of 27.58% from the company’s current price.
A number of other analysts have also recently weighed in on DNR. Analysts at Wunderlich reiterated a “buy” rating on shares of Denbury Resources in a research note on Wednesday. Separately, analysts at Barclays cut their price target on shares of Denbury Resources from $22.00 to $21.00 in a research note on Monday, February 3rd. Finally, analysts at Goldman Sachs downgraded shares of Denbury Resources from a “neutral” rating to a “sell” rating in a research note on Thursday, January 30th. They now have a $17.00 price target on the stock, up previously from $16.04. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $21.18.
Shares of Denbury Resources (NYSE:DNR) opened at 16.35 on Thursday. Denbury Resources has a 1-year low of $15.60 and a 1-year high of $19.65. The stock’s 50-day moving average is $16.27 and its 200-day moving average is $17.33. The company has a market cap of $5.986 billion and a P/E ratio of 14.04. Denbury Resources also was the target of unusually large options trading activity on Wednesday. Stock traders purchased 9,602 put options on the company. This is an increase of approximately 1,296% compared to the average daily volume of 688 put options.
The company also recently announced a special dividend, which is scheduled for Tuesday, March 25th. Investors of record on Tuesday, February 25th will be paid a dividend of $0.0563 per share. The ex-dividend date 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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