Denbury Resources Given Consensus Recommendation of “Hold” by Analysts (NYSE:DNR)
Denbury Resources (NYSE:DNR) has earned an average recommendation of “Hold” from the fourteen ratings firms that are currently covering the company, Analyst Ratings Network reports. One equities research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $20.62.
A number of research firms have recently commented on DNR. Analysts at Zacks reiterated a “neutral” rating on shares of Denbury Resources in a research note on Wednesday, August 20th. They now have a $18.00 price target on the stock. Separately, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Denbury Resources in a research note on Friday, August 8th. They now have a $17.60 price target on the stock, down previously from $17.90. Finally, analysts at Barclays raised their price target on shares of Denbury Resources from $20.00 to $24.00 in a research note on Wednesday, July 23rd.
Denbury Resources (NYSE:DNR) traded down 0.03% on Thursday, hitting $16.835. 249,248 shares of the company’s stock traded hands. Denbury Resources has a 1-year low of $15.56 and a 1-year high of $19.61. The stock’s 50-day moving average is $17.00 and its 200-day moving average is $16.97. The company has a market cap of $5.855 billion and a price-to-earnings ratio of 30.79.
Denbury Resources (NYSE:DNR) last released its earnings data on Wednesday, August 6th. The company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by $0.01. The company had revenue of $669.00 million for the quarter, compared to the consensus estimate of $628.06 million. During the same quarter in the previous year, the company posted $0.41 earnings per share. The company’s revenue for the quarter was up 3.4% on a year-over-year basis. Analysts expect that Denbury Resources will post $1.07 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 30th. Investors of record on Tuesday, August 26th will be paid a dividend of $0.0625 per share. This represents a $0.25 annualized dividend and a dividend yield of 1.48%. The ex-dividend date is Friday, August 22nd.
Denbury Resources Inc is an independent oil and natural gas company. As of December 31, 2011, the Company had 461.