The stock of Denbury Resources Inc. (NYSE:DNR) is a huge mover today! About 6.47 million shares traded hands. Denbury Resources Inc. (NYSE:DNR) has risen 78.09% since March 2, 2016 and is uptrending. It has outperformed by 69.83% the S&P500.
The move comes after 5 months positive chart setup for the $1.27B company. It was reported on Oct, 5 by Barchart.com. We have $4.90 PT which if reached, will make NYSE:DNR worth $609.60 million more.
Analysts await Denbury Resources Inc. (NYSE:DNR) to report earnings on November, 3. They expect $-0.03 earnings per share, down 116.67% or $0.21 from last year’s $0.18 per share. After $0.08 actual earnings per share reported by Denbury Resources Inc. for the previous quarter, Wall Street now forecasts -137.50% negative EPS growth.
Denbury Resources Inc. (NYSE:DNR) Ratings Coverage
Out of 9 analysts covering Denbury Resources Inc. (NYSE:DNR), 0 rate it a “Buy”, 3 “Sell”, while 6 “Hold”. This means 0 are positive. Denbury Resources Inc. has been the topic of 23 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The company was maintained on Monday, February 22 by RBC Capital Markets. On Tuesday, April 26 the stock rating was initiated by KeyBanc Capital Markets with “Sector Perform”. The stock of Denbury Resources Inc. (NYSE:DNR) has “Hold” rating given on Wednesday, June 15 by Stifel Nicolaus. Barclays Capital downgraded Denbury Resources Inc. (NYSE:DNR) rating on Wednesday, August 10. Barclays Capital has “Underweight” rating and $2.50 price target. The rating was maintained by UBS with “Sell” on Friday, October 2. The firm earned “Underperform” rating on Tuesday, September 8 by Credit Suisse. The firm earned “Sell” rating on Friday, December 18 by Stifel Nicolaus. Cowen & Co downgraded it to “Market Perform” rating and $3 target price in Tuesday, September 8 report. Johnson Rice downgraded Denbury Resources Inc. (NYSE:DNR) on Monday, February 22 to “Hold” rating.
According to Zacks Investment Research, “Denbury Resources Inc. is oil and gas company engaged in the exploration, production and development of natural gas properties in the Gulf Coast region located in Mississippi, Texas, Louisiana, and Alabama. It also has properties primarily located in Montana, North Dakota, Utah, and Wyoming. Denbury Resources Inc is headquartered in Plano, Texas.”
Insitutional Activity: The institutional sentiment increased to 1.34 in Q2 2016. Its up 0.46, from 0.88 in 2016Q1. The ratio improved, as 33 funds sold all Denbury Resources Inc. shares owned while 61 reduced positions. 37 funds bought stakes while 89 increased positions. They now own 368.67 million shares or 16.66% more from 316.01 million shares in 2016Q1.
Rhumbline Advisers reported 761,086 shares or 0.01% of all its holdings. Hollencrest has 14,641 shares for 0.01% of their US portfolio. Swiss Bank accumulated 578,500 shares or 0% of the stock. Balyasny Asset Mgmt Lc owns 70,450 shares or 0% of their US portfolio. Boothbay Fund Ltd holds 12,755 shares or 0.02% of its portfolio. Blackrock Investment Management Lc last reported 0.01% of its portfolio in the stock. Prudential Fincl reported 233,109 shares or 0% of all its holdings. Goldman Sachs Gp Inc, a New York-based fund reported 5.71 million shares. Bancorp Of Montreal Can accumulated 1.25 million shares or 0.01% of the stock. Putnam Limited Liability Com, a Massachusetts-based fund reported 432,400 shares. Cambridge Investment, a Iowa-based fund reported 37,594 shares. Advisory Networks last reported 0% of its portfolio in the stock. Foundry Prtn Lc has 0.15% invested in the company for 745,899 shares. South Texas Money Mgmt Ltd has invested 0.02% of its portfolio in Denbury Resources Inc. (NYSE:DNR). First Trust Advsr Limited Partnership has invested 0.04% of its portfolio in Denbury Resources Inc. (NYSE:DNR).
Insider Transactions: Since August 15, 2016, the stock had 0 buys, and 1 insider sale for $31,300 net activity. McMichael Greg sold $31,300 worth of stock.
Another recent and important Denbury Resources Inc. (NYSE:DNR) news was published by Seekingalpha.com which published an article titled: “Denbury Resources Joins The Troubled Company Accounting List” on September 19, 2016.
DNR Company Profile
Denbury Resources Inc., incorporated on April 20, 1999, is an independent oil and natural gas company. The Company’s activities are focused on 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 Firm has estimated proved oil and natural gas reserves of approximately 288.6 million barrels of oil equivalent (MMBOE).
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