Denbury Resources Inc. (NYSE:DNR)‘s stock had its “hold” rating reissued by analysts at BMO Capital Markets in a research report issued on Friday, September 1st. They presently have a $1.00 price objective on the oil and natural gas company’s stock. BMO Capital Markets’ price objective points to a potential downside of 20.00% from the stock’s previous close.
A number of other equities research analysts also recently weighed in on the stock. Royal Bank Of Canada set a $2.00 price target on shares of Denbury Resources and gave the company a “hold” rating in a report on Friday, August 25th. BidaskClub downgraded shares of Denbury Resources from a “sell” rating to a “strong sell” rating in a report on Thursday, August 24th. Stifel Nicolaus set a $1.00 price objective on Denbury Resources and gave the stock a “hold” rating in a report on Friday, August 18th. Zacks Investment Research upgraded Denbury Resources from a “sell” rating to a “hold” rating in a report on Monday, August 14th. Finally, ValuEngine downgraded Denbury Resources from a “sell” rating to a “strong sell” rating in a report on Friday, July 28th. Five investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $2.42.
Denbury Resources (NYSE DNR) opened at 1.25 on Friday. The company’s 50-day moving average is $1.21 and its 200 day moving average is $1.76. The stock’s market capitalization is $487.38 million. Denbury Resources has a one year low of $0.91 and a one year high of $4.29.
Denbury Resources (NYSE:DNR) last posted its quarterly earnings data on Tuesday, August 8th. The oil and natural gas company reported $0.00 earnings per share for the quarter, topping the 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 business had revenue of $261.20 million during the quarter, compared to the consensus estimate of $248.66 million. During the same quarter in the prior year, the company posted $0.08 earnings per share. The company’s quarterly revenue was up 2.4% compared to the same quarter last year. Equities analysts expect that Denbury Resources will post $0.02 EPS for the current year.
Institutional investors have recently made changes to their positions in the business. Cambridge Investment Research Advisors Inc. boosted its position 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 acquiring an additional 5,900 shares during the period. State of Alaska Department of Revenue bought a new stake in shares of Denbury Resources in the first quarter valued at approximately $113,000. Tudor Investment Corp ET AL bought a new stake in shares of Denbury Resources in the first quarter valued at approximately $140,000. Northwestern Mutual Investment Management Company LLC bought a new stake in shares of Denbury Resources in the second quarter valued at approximately $217,000. Finally, Capstone Asset Management Co. boosted its position 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 acquiring an additional 47,130 shares during the period. 86.45% of the stock is owned by hedge funds and other institutional investors.
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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