Denbury Resources (DNR) has risen sharply, recording gains of 6.21% in the past 4 weeks. However, the stock has corrected -2.84% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 6.43% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
Company shares have received an average consensus rating of Hold for the current week The stock has recorded a twenty day Moving Average of 3.22% and the fifty day Moving Average is 7.46%. Denbury Resources Inc. has dropped 21.63% during the last three month period . Year-to-Date the stock performance stands at 52.48%.
Denbury Resources (DNR) : The highest level Denbury Resources (DNR) is projected to reach is $4 for the short term and the lowest estimate is at $2. The consolidated price target from 5 rating analysts who initiate coverage on the stock is $3 and the possibility the share price can swing is $1.06.
Denbury Resources (NYSE:DNR): stock turned positive on Friday. Though the stock opened at $3.04, the bulls momentum made the stock top out at $3.21 level for the day. The stock recorded a low of $3.03 and closed the trading day at $3.08, in the green by 1.32%. The total traded volume for the day was 8,690,527. The stock had closed at $3.04 in the previous days trading.
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.