Stock under Radar: Denbury Resources (DNR)

Author

13 September, 2017

The firm is scheduled to report its next quarterly earnings report on Thursday, November 2nd. Zacks Investment Research downgraded shares of Denbury Resources from a hold rating to a strong sell rating in a report on Tuesday, July 18th.

Multiple company employees have indulged in significant insider trading. The original version of this report can be viewed at https://weekherald.com/2017/09/12/royal-bank-of-canada-analysts-give-denbury-resources-inc-dnr-a-2-00-price-target.html.

Denbury Resources (NYSE:DNR) last announced its earnings results on Tuesday, August 8th. Revenue during the quarter was $261.18 million, representing 2% growth from $255.15 million in year-ago quarter. Chicago Equity Partners Lc has invested 0.03% in Denbury Resources Inc. DNR reported a change of 2.83% over the last week and performed -25.34% over the last month while its year to date (YTD) performance revealed an activity trend of -70.38%. During the same period in the prior year, the business earned $0.08 earnings per share.

The following firms have recently changed their position in DNR. Stifel Nicolaus maintained the shares of DNR in report on Friday, August 18 with "Hold" rating.

10/17/2016 - Denbury Resources Inc. had its "hold" rating reiterated by analysts at Johnson Rice. Denbury Resources presently has a consensus rating of "Hold" and a consensus price target of $2.42.

DNR's average Beneish M-Score: -3.25 during the last 7 years. The stock has "Sector Perform" rating by RBC Capital Markets on Monday, February 22.

Shares of the company are trading at $1.09 which is significantly below the 50 day moving average of $1.24 and significantly below the 200 day moving average of $1.82. The stock has advanced 15.87% to a low over the previous 12 months and showed declining move -75.29% to a high over the same period.

WARNING: This piece of content was first reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this report on another publication, it was illegally copied and republished in violation of worldwide trademark & copyright laws. Trading volume for Denbury Resources Inc. was 5,310K by the end of trading on Friday.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. (NYSE:DNR). Highbridge Capital Mgmt Ltd Liability has invested 0.01% in Denbury Resources Inc. Five investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company's stock. Tudor Investment Corp ET AL acquired a new position in Denbury Resources during the first quarter worth about $140,000. The brokerage now has a hold rating on the oil and natural gas company's stock. About shares traded. Denbury Resources Inc. Clinton Group Inc. now owns 28,493 shares of the company's stock valued at $102,000 after buying an additional 12,970 shares in the last quarter. California State Teachers Retirement System holds 0.01% or 725,341 shares. Prudential Financial Inc. now owns 675,895 shares of the oil and natural gas company's stock valued at $1,744,000 after acquiring an additional 433,480 shares during the last quarter. Credit Suisse Group restated an "underperform" rating and set a $2.00 price target on shares of Denbury Resources in a report on Friday, June 2nd. Teacher Retirement System of Texas now owns 48,399 shares of the company's stock valued at $174,000 after buying an additional 6,026 shares in the last quarter. Moreover, Night Owl Capital Management Llc has 3.61% invested in the company for 95,964 shares. Net profit margin of Denbury Resources Inc. The Company's activities are focused in two operating areas: the Gulf Coast and Rocky Mountain regions.


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