Denbury Resources Inc. (NYSE:DNR) has earned an average rating of “Hold” from the ten analysts that are currently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation and six have issued a hold recommendation on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $2.25.
Several research analysts have commented on DNR shares. ValuEngine raised shares of Denbury Resources from a “strong sell” rating to a “sell” rating in a research note on Wednesday, October 2nd. Royal Bank of Canada set a $2.00 price target on shares of Denbury Resources and gave the stock a “hold” rating in a research note on Monday, August 12th. Finally, Imperial Capital set a $1.00 price target on shares of Denbury Resources and gave the stock a “hold” rating in a research note on Friday, October 18th.
Several hedge funds and other institutional investors have recently modified their holdings of DNR. Supplemental Annuity Collective Trust of NJ purchased a new position in shares of Denbury Resources in the second quarter worth $124,000. New Jersey Better Educational Savings Trust purchased a new position in shares of Denbury Resources in the second quarter worth $161,000. Callahan Advisors LLC increased its stake in shares of Denbury Resources by 32.3% in the second quarter. Callahan Advisors LLC now owns 63,500 shares of the oil and natural gas company’s stock worth $79,000 after buying an additional 15,500 shares during the period. State of New Jersey Common Pension Fund D increased its stake in shares of Denbury Resources by 1,307.2% in the second quarter. State of New Jersey Common Pension Fund D now owns 5,167,209 shares of the oil and natural gas company’s stock worth $6,407,000 after buying an additional 4,800,000 shares during the period. Finally, NJ State Employees Deferred Compensation Plan increased its stake in shares of Denbury Resources by 140.0% in the second quarter. NJ State Employees Deferred Compensation Plan now owns 240,000 shares of the oil and natural gas company’s stock worth $298,000 after buying an additional 140,000 shares during the period. 71.00% of the stock is currently owned by institutional investors.
Shares of DNR stock traded up $0.01 during trading hours on Friday, hitting $1.02. 4,398,236 shares of the company’s stock were exchanged, compared to its average volume of 12,712,496. The company has a market capitalization of $492.93 million, a PE ratio of 2.13 and a beta of 3.38. Denbury Resources has a 12-month low of $0.87 and a 12-month high of $2.68. The business’s 50 day simple moving average is $1.06 and its 200-day simple moving average is $1.24. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 1.82.
Denbury Resources (NYSE:DNR) last posted its quarterly earnings results on Thursday, November 7th. The oil and natural gas company reported $0.08 EPS for the quarter, topping the consensus estimate of $0.07 by $0.01. The firm had revenue of $315.45 million for the quarter, compared to the consensus estimate of $307.85 million. Denbury Resources had a net margin of 28.28% and a return on equity of 15.74%. The business’s revenue was down 20.1% compared to the same quarter last year. During the same period last year, the firm posted $0.13 earnings per share. Equities analysts anticipate that Denbury Resources will post 0.41 EPS for the current year.
Denbury Resources Company Profile
Denbury Resources Inc operates as an independent oil and natural gas company in the United States. It holds interests in various oil and natural gas properties located in Mississippi, Texas, Louisiana, and Alabama in the Gulf Coast region; and in Montana, North Dakota, and Wyoming in the Rocky Mountain region.
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