Denbury Resources Inc. (DNR) Given Consensus Rating of “Hold” by Analysts
Denbury Resources Inc. (NYSE:DNR) has received a consensus recommendation of “Hold” from the eight analysts that are presently covering the stock, MarketBeat Ratings reports. Four analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $3.10.
A number of equities analysts recently weighed in on the stock. ValuEngine lowered shares of Denbury Resources from a “hold” rating to a “sell” rating in a report on Friday, June 2nd. Zacks Investment Research upgraded shares of Denbury Resources from a “hold” rating to a “strong-buy” rating and set a $3.25 price objective for the company in a report on Tuesday, February 28th. KLR Group restated a “buy” rating and issued a $5.00 price objective on shares of Denbury Resources in a report on Wednesday, March 15th. Finally, Credit Suisse Group restated an “underperform” rating and issued a $2.00 price objective on shares of Denbury Resources in a report on Friday, June 2nd.
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In other Denbury Resources news, Director Greg Mcmichael sold 16,000 shares of the business’s stock in a transaction on Monday, March 27th. The shares were sold at an average price of $2.23, for a total transaction of $35,680.00. Following the completion of the sale, the director now directly owns 73,379 shares in the company, valued at approximately $163,635.17. The sale was disclosed in a document filed with the SEC, which is available through this link. 1.20% of the stock is currently owned by insiders.
A number of large investors have recently made changes to their positions in the stock. Raymond James Financial Services Advisors Inc. raised its stake in shares of Denbury Resources by 2.0% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 32,390 shares of the oil and natural gas company’s stock worth $119,000 after buying an additional 632 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in shares of Denbury Resources by 15.6% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 43,796 shares of the oil and natural gas company’s stock worth $113,000 after buying an additional 5,900 shares in the last quarter. State of Alaska Department of Revenue bought a new stake in shares of Denbury Resources during the first quarter worth $113,000. Tudor Investment Corp ET AL bought a new stake in shares of Denbury Resources during the first quarter worth $140,000. Finally, Credit Agricole S A raised its stake in shares of Denbury Resources by 29.3% in the fourth quarter. Credit Agricole S A now owns 59,548 shares of the oil and natural gas company’s stock worth $219,000 after buying an additional 13,495 shares in the last quarter. Institutional investors and hedge funds own 91.23% of the company’s stock.
Shares of Denbury Resources (DNR) traded up 7.41% during midday trading on Friday, reaching $1.45. The company had a trading volume of 16,537,075 shares. The company has a 50 day moving average of $1.69 and a 200 day moving average of $2.73. The company’s market capitalization is $564.63 million. Denbury Resources has a one year low of $1.30 and a one year high of $4.70.
Denbury Resources (NYSE:DNR) last announced its quarterly earnings data on Thursday, May 4th. The oil and natural gas company reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by $0.01. Denbury Resources had a positive return on equity of 2.49% and a negative net margin of 72.85%. The firm had revenue of $264 million during the quarter, compared to analysts’ expectations of $254.67 million. During the same quarter in the previous year, the firm earned ($0.03) earnings per share. Denbury Resources’s revenue was up 35.5% on a year-over-year basis. Analysts predict that Denbury Resources will post $0.11 EPS for the current fiscal year.
Denbury Resources Company Profile
Denbury Resources Inc is an independent oil and natural gas company. The Company’s operations are focused in two operating areas: the Gulf Coast and Rocky Mountain regions. Its properties with proved and producing reserves in the Gulf Coast region are situated in Mississippi, Texas, Louisiana and Alabama, and in the Rocky Mountain region are situated in Montana, North Dakota and Wyoming.
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