Brokerage Firm Rating Update on Denbury Resources (DNR)

Denbury Resources (DNR) : Zacks Investment Research ranks Denbury Resources (DNR) as 3, which is a Hold recommendation. 2 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 5 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 7 research analysts is 3.57, which indicates as a Sell.

Denbury Resources (DNR) : Average target price received by Denbury Resources (DNR) is $3 with an expected standard deviation of $1.06. The most aggressive target on the stock is $4, whereas the most downbeat target is $2. 5 financial analysts are currently covering the stock.


Company shares have received an average consensus rating of Hold for the current week Also, Barclays downgrades its rating on Denbury Resources (NYSE:DNR). The global brokerage major lowers the current price target from $3 per share to $2.5 per share. Analysts at the Barclays have a current rating of Underweight on the shares. The shares were previously rated Equal-weight. The rating by the firm was issued on August 10, 2016.

Denbury Resources (NYSE:DNR): The stock opened at $3.28 and touched an intraday high of $3.38 on Wednesday. During the day, the stock corrected to an intraday low of $3.22, however, the bulls stepped in and pushed the price higher to close in the green at $3.28 with a gain of 1.55% for the day. The total traded volume for the day was 11,318,527. The stock had closed at $3.23 in the previous trading session.

Denbury Resources Inc. is an independent oil and natural gas company. The Companys operations are focused in two operating areas: the Gulf Coast and Rocky Mountain regions. The Companys 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 Companys primary Gulf Coast CO2 source is Jackson Dome. The Companys 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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