Denbury Resources (DNR) : Analyst Rating Update

Denbury Resources (DNR) : Zacks Investment Research ranks Denbury Resources (DNR) as 1, which is a Strong Buy recommendation. 2 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 9 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 11 research analysts is 3.36, which indicates as a Hold.

Denbury Resources (DNR) : The most positive equity analysts on Denbury Resources (DNR) expects the shares to touch $5, whereas, the least positive believes that the stock will trade at $1 in the short term. The company is covered by 8 Wall Street Brokerage Firms. The average price target for shares are $3.06 with an expected fluctuation of $1.32 from the mean.

Denbury Resources (NYSE:DNR): The stock opened at $3.19 on Wednesday but the bulls could not build on the opening and the stock topped out at $3.31 for the day. The stock traded down to $3.10 during the day, due to lack of any buying support eventually closed down at $3.23 with a loss of -0.62% for the day. The stock had closed at $3.25 on the previous day. The total traded volume was 14,855,781 shares.

Also, In the latest statement by the brokerage house, Stifel Nicolaus upgrades its outlook on Denbury Resources (NYSE:DNR). The current rating of the shares is Hold, according to the research report released by the firm. Previously, the company had a rating of Sell. The rating by the firm was issued on June 15, 2016. The company shares have dropped -39.48% from its 1 Year high price. On Jul 8, 2015, the shares registered one year high at $5.75 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $4.08 and the 200 Day Moving Average price is recorded at $2.71.

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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