Denbury Resources Inc. (NYSE:DNR) – Equities research analysts at Capital One Financial issued their Q2 2018 EPS estimates for Denbury Resources in a research note issued on Tuesday. Capital One Financial analyst R. Tullis anticipates that the oil and natural gas company will earn $0.11 per share for the quarter. Capital One Financial also issued estimates for Denbury Resources’ Q3 2018 earnings at $0.10 EPS and Q4 2018 earnings at $0.05 EPS.
Several other analysts have also recently commented on DNR. Royal Bank of Canada restated a “hold” rating and issued a $2.00 price target on shares of Denbury Resources in a report on Wednesday, December 20th. Zacks Investment Research raised Denbury Resources from a “hold” rating to a “buy” rating and set a $2.25 price target on the stock in a research report on Wednesday, February 7th. Mizuho raised Denbury Resources from a “neutral” rating to a “buy” rating in a research report on Tuesday, January 16th. ValuEngine lowered Denbury Resources from a “hold” rating to a “sell” rating in a research report on Sunday, December 31st. Finally, KeyCorp reaffirmed a “hold” rating on shares of Denbury Resources in a research report on Monday, November 13th. Four investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company’s stock. Denbury Resources currently has an average rating of “Hold” and a consensus target price of $2.09.
A number of hedge funds have recently modified their holdings of DNR. Janus Henderson Group PLC boosted its stake in Denbury Resources by 778.1% during the 3rd quarter. Janus Henderson Group PLC now owns 3,142,630 shares of the oil and natural gas company’s stock valued at $4,211,000 after purchasing an additional 2,784,747 shares during the period. Millennium Management LLC lifted its position in shares of Denbury Resources by 314.1% during the 4th quarter. Millennium Management LLC now owns 3,410,876 shares of the oil and natural gas company’s stock worth $7,538,000 after buying an additional 2,587,244 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Denbury Resources by 18.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 10,103,099 shares of the oil and natural gas company’s stock worth $15,458,000 after buying an additional 1,573,866 shares during the period. BlackRock Inc. lifted its position in shares of Denbury Resources by 2.9% during the 4th quarter. BlackRock Inc. now owns 52,960,970 shares of the oil and natural gas company’s stock worth $117,044,000 after buying an additional 1,516,392 shares during the period. Finally, Two Sigma Investments LP acquired a new stake in Denbury Resources during the 4th quarter valued at $2,002,000. 80.02% of the stock is currently owned by institutional investors.
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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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