Stifel Nicolaus Upgrades Denbury Resources to Hold

Brokerage firm Stifel Nicolaus Upgrades its rating on Denbury Resources(NYSE:DNR). The shares have been rated Hold. Previously, the analysts had a Sell rating on the shares. The rating by Stifel Nicolaus was issued on Jun 15, 2016.

In a different note, KeyBanc said it Initiates Coverage on Denbury Resources, according to a research note issued on Apr 26, 2016. The shares have been rated ‘Sector Perform’ by the firm.

Denbury Resources (DNR) made into the market gainers list on Tuesdays trading session with the shares advancing 0.45% or 0.02 points. Due to strong positive momentum, the stock ended at $4.48, which is also near the day’s high of $4.58. The stock began the session at $4.38 and the volume stood at 94,76,653 shares. The 52-week high of the shares is $6.71 and the 52 week low is $0.86. The company has a current market capitalization of $1,571 M and it has 35,05,93,960 shares in outstanding.

Denbury Resources(DNR) last announced its earnings results on May 5, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $194.84M. Analysts had an estimated revenue of $274.69M. Earnings per share were $-0.03. Analysts had estimated an EPS of $-0.07.

Several Insider Transactions has been reported to the SEC. On Apr 2, 2015, Ronald G Greene (director) sold 45,000 shares at $18.42 per share price.

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. The Company’s 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. The Company’s primary Gulf Coast CO2 source is Jackson Dome. The Company’s mature group of properties includes the initial CO2 field Little Creek as well as several other fields including Brookhaven Cranfield Eucutta Lockhart Crossing Mallalieu Martinville McComb and Soso fields. The Company also holds interest in the 183-mile NEJD CO2 pipeline that runs from Jackson Dome to near Donaldsonville Louisiana.

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