Denbury Resources Stock Rating Upgraded by TheStreet (DNR)
Denbury Resources (NYSE:DNR) was upgraded by TheStreet from a “hold” rating to a “buy” rating in a research note issued on Monday, Analyst Ratings Net reports.
The analysts wrote, “Denbury Resources (DNR) has been upgraded by TheStreet Ratings from hold to buy. Among the primary strengths of the company is its expanding profit margins over time. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.”
In other Denbury Resources news, VP James Matthews unloaded 2,000 shares of the company’s stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $16.20, for a total transaction of $32,400.00. Following the completion of the sale, the vice president now directly owns 68,196 shares of the company’s stock, valued at approximately $1,104,775. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Denbury Resources (NYSE:DNR) traded down 1.67% during mid-day trading on Monday, hitting $16.47. The stock had a trading volume of 1,427,255 shares. Denbury Resources has a 1-year low of $15.56 and a 1-year high of $19.65. The stock’s 50-day moving average is $16.30 and its 200-day moving average is $17.02. The company has a market cap of $5.909 billion and a P/E ratio of 15.09.
Denbury Resources (NYSE:DNR) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by $0.04. The company had revenue of $596.00 million for the quarter, compared to the consensus estimate of $617.02 million. On average, analysts predict that Denbury Resources will post $1.12 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at SunTrust raised their price target on shares of Denbury Resources from $17.00 to $18.00 in a research note on Tuesday, April 1st. Separately, analysts at Cowen and Company cut their price target on shares of Denbury Resources from $22.00 to $20.00 in a research note on Friday, March 28th. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Denbury Resources in a research note on Monday, March 24th. They now have a $17.00 price target on the stock. One research analyst has rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $20.75.
Denbury Resources Inc is an independent oil and natural gas company. As of December 31, 2011, the Company had 461.
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