Denbury Resources Inc. (NYSE:DNR) Given Consensus Rating of “Hold” by Analysts
Denbury Resources Inc. (NYSE:DNR) has received a consensus rating of “Hold” from the eleven brokerages that are currently covering the stock, MarketBeat reports. Five investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $2.57.
DNR has been the subject of a number of research analyst reports. BidaskClub raised shares of Denbury Resources from a “sell” rating to a “hold” rating in a research note on Wednesday, August 2nd. Stifel Nicolaus reaffirmed a “hold” rating and issued a $2.50 target price on shares of Denbury Resources in a research note on Friday, July 14th. BMO Capital Markets dropped their target price on shares of Denbury Resources from $2.00 to $1.00 and set a “no rating at time” rating for the company in a research note on Friday, July 14th. UBS AG reaffirmed a “sell” rating and issued a $1.50 target price (down from $2.00) on shares of Denbury Resources in a research note on Friday, May 5th. Finally, ValuEngine downgraded shares of Denbury Resources from a “hold” rating to a “sell” rating in a research note on Friday, June 2nd.
Denbury Resources (NYSE DNR) traded up 1.44% during midday trading on Friday, reaching $1.41. 5,534,067 shares of the company traded hands. Denbury Resources has a 12 month low of $1.27 and a 12 month high of $4.29. The firm’s 50 day moving average price is $1.46 and its 200 day moving average price is $2.14. The firm’s market capitalization is $549.76 million.
Denbury Resources (NYSE:DNR) last announced its earnings results on Tuesday, August 8th. The oil and natural gas company reported $0.00 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.02) by $0.02. Denbury Resources had a negative net margin of 35.24% and a negative return on equity of 1.94%. The company had revenue of $261.20 million during the quarter, compared to the consensus estimate of $248.66 million. During the same period in the previous year, the firm posted $0.08 earnings per share. The company’s revenue was up 2.4% on a year-over-year basis. On average, analysts expect that Denbury Resources will post $0.01 earnings per share for the current year.
Several large investors have recently modified their holdings of the company. Cambridge Investment Research Advisors Inc. boosted 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 valued at $113,000 after buying an additional 5,900 shares in the last quarter. State of Alaska Department of Revenue acquired a new stake in shares of Denbury Resources during the first quarter valued at approximately $113,000. Tudor Investment Corp ET AL acquired a new stake in shares of Denbury Resources during the first quarter valued at approximately $140,000. Northwestern Mutual Investment Management Company LLC acquired a new stake in shares of Denbury Resources during the second quarter valued at approximately $217,000. Finally, Capstone Asset Management Co. boosted its stake in shares of Denbury Resources by 195.5% in the first quarter. Capstone Asset Management Co. now owns 71,238 shares of the oil and natural gas company’s stock valued at $184,000 after buying an additional 47,130 shares in the last quarter. Institutional investors own 90.26% of the company’s stock.
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.
Receive News & Ratings for Denbury Resources Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Denbury Resources Inc. and related companies with MarketBeat.com's FREE daily email newsletter.