Zacks Rating on Denbury Resources (DNR)

Denbury Resources (DNR) : 5 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Denbury Resources (DNR). Zacks Investment Research suggests a Hold with a rank of 3. 2 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 7 Wall Street Analysts endorse the stock as a Sell with a rating of 3.57.

Denbury Resources (DNR) stock is expected to deviate a maximum of $1.06 from the average target price of $3 for the short term period. 5 Street Experts have initiated coverage on the stock with the most promising target being $4 and the most muted being $2.


Shares of Denbury Resources Inc. rose by 0.32% in the last five trading days and 8.28% for the last 4 weeks. Denbury Resources Inc. has dropped 19.49% during the last 3-month period . Year-to-Date the stock performance stands at 55.45%. Denbury Resources (NYSE:DNR): stock turned positive on Tuesday. Though the stock opened at $2.96, the bulls momentum made the stock top out at $3.2 level for the day. The stock recorded a low of $2.95 and closed the trading day at $3.14, in the green by 5.02%. The total traded volume for the day was 8,688,391. The stock had closed at $2.99 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.

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