Denbury Resources Inc. (DNR) Short Interest Down 8.1% in December
Denbury Resources Inc. (NYSE:DNR) saw a significant decrease in short interest in December. As of December 29th, there was short interest totalling 60,195,802 shares, a decrease of 8.1% from the December 15th total of 65,523,124 shares. Based on an average daily volume of 6,923,349 shares, the short-interest ratio is currently 8.7 days. Approximately 15.2% of the company’s stock are short sold.
Shares of Denbury Resources (NYSE DNR) opened at $2.35 on Wednesday. The company has a debt-to-equity ratio of 5.91, a quick ratio of 0.53 and a current ratio of 0.53. Denbury Resources has a 1-year low of $0.91 and a 1-year high of $3.87.
Denbury Resources (NYSE:DNR) last posted its earnings results on Tuesday, November 7th. The oil and natural gas company reported $0.04 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.01) by $0.05. The firm had revenue of $266.56 million for the quarter, compared to the consensus estimate of $261.84 million. Denbury Resources had a negative net margin of 32.50% and a positive return on equity of 0.28%. Denbury Resources’s revenue was up 4.9% compared to the same quarter last year. analysts anticipate that Denbury Resources will post 0.09 earnings per share for the current fiscal year.
A number of research firms have recently issued reports on DNR. Mizuho upgraded Denbury Resources from a “neutral” rating to a “buy” rating in a report on Tuesday. Zacks Investment Research upgraded Denbury Resources from a “hold” rating to a “strong-buy” rating and set a $2.50 price objective for the company in a report on Tuesday, January 9th. ValuEngine lowered Denbury Resources from a “hold” rating to a “sell” rating in a report on Sunday, December 31st. Royal Bank of Canada reiterated a “hold” rating and set a $2.00 price objective on shares of Denbury Resources in a report on Wednesday, December 20th. Finally, KeyCorp reiterated a “hold” rating on shares of Denbury Resources in a report on Monday, November 13th. Four equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. Denbury Resources currently has a consensus rating of “Hold” and an average price target of $2.13.
About Denbury Resources
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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