Analysts Expect Denbury Resources Inc

Xavier Trudeau
Août 27, 2017

Stifel Nicolaus downgraded it to "Sell" rating and $1.5 target in Friday, December 18 report. Stifel Nicolaus restated a "hold" rating and set a $2.50 target price on shares of Denbury Resources in a report on Friday, July 14th. The stock presently has a consensus rating of "Hold" and a consensus target price of $2.42. Denbury Resources Inc. had 27 analyst reports since July 22, 2015 according to SRatingsIntel. Finally, Credit Suisse Group restated an "underperform" rating and set a $2.00 target price on shares of Denbury Resources in a report on Friday, June 2nd. (NYSE:DNR), 0 have Buy rating, 3 Sell and 7 Hold. Also, the current price highlights a discount of 22.75% to analysts' high consensus price target. Since the open, shares have moved -1.90% after recently hitting the $1.03 mark. The firm's 50-day moving average price is $1.36 and its 200 day moving average price is $1.97. The company was maintained on Monday, February 22 by RBC Capital Markets. Denbury Resources Inc. has $8 highest and $0.75 lowest target.

Denbury Resources (NYSE:DNR) last issued its earnings results on Tuesday, August 8th. As of the last earnings report the EPS was $-0.96 and is projected to be $0.02 for the current year with 389,903,000 shares now outstanding. Denbury Resources had a negative net margin of 35.24% and a negative return on equity of 1.94%. Its revenue totaled $254.3 million down -7.68% from the previous quarter. The Manufacturers Life Insurance Company now owns 319,515 shares of the oil and natural gas company's stock worth $489,000 after buying an additional 46,738 shares in the last quarter. Denbury Resources's revenue was up 2.4% on a year-over-year basis. Analysts expect next quarter's EPS will be $0.03 and the next full year EPS is projected to be $0.08.

ILLEGAL ACTIVITY NOTICE: This report was originally reported by TrueBlueTribune and is owned by of TrueBlueTribune. If you are accessing this piece of content on another website, it was illegally copied and reposted in violation of worldwide trademark & copyright laws. The value of the company's investment in Denbury Resources Inc. decreased from $254,000 to $180,000 a change of 29.1% since the last quarter.

Large investors have recently added to or reduced their stakes in the stock. Public Employees Retirement System of OH bought a new position in Denbury Resources during the second quarter worth approximately $275,000. Bank of Montreal Can now owns 860,915 shares of the oil and natural gas company's stock valued at $2,221,000 after buying an additional 64,130 shares during the period. Capstone Asset Management invested 0% of its portfolio in Denbury Resources Inc. The Manufacturers Life Insurance Company raised its position in Denbury Resources by 17.1% in the second quarter. Pnc Fincl Svcs Grp Inc stated it has 1,301 shares or 0% of all its holdings. Piedmont Investment Advisors LLC now owns 86,127 shares of the oil and natural gas company's stock worth $132,000 after buying an additional 62,312 shares during the last quarter. Finally, Cubist Systematic Strategies LLC bought a new position in Denbury Resources during the second quarter worth approximately $769,000. Institutional investors own 89.47% of the company's stock.

Blackrock Institutional Trust Company sold 183,092 shares as Denbury Res Inc (DNR)'s stock declined 45.31%. The Business's operations are focused in two operating areas: the Gulf Coast and Rocky Mountain regions.

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