The stock of Denbury Resources Inc. (NYSE:DNR) is a huge mover today! About 3.09M shares traded hands. Denbury Resources Inc. (NYSE:DNR) has declined 0.61% since March 4, 2016 and is downtrending. It has underperformed by 8.65% the S&P500.
The move comes after 7 months negative chart setup for the $1.24 billion company. It was reported on Oct, 7 by Barchart.com. We have $2.87 PT which if reached, will make NYSE:DNR worth $99.20M less.
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 10 analysts covering Denbury Resources Inc. (NYSE:DNR), 0 rate it a “Buy”, 3 “Sell”, while 7 “Hold”. This means 0 are positive. Denbury Resources Inc. has been the topic of 24 analyst reports since July 22, 2015 according to StockzIntelligence Inc. Cowen & Co downgraded the stock to “Market Perform” rating in Tuesday, September 8 report. The rating was downgraded by Credit Suisse to “Underperform” on Tuesday, September 8. Barclays Capital downgraded the shares of DNR in a report on Wednesday, August 10 to “Underweight” rating. Johnson Rice downgraded the stock to “Hold” rating in Monday, February 22 report. The stock of Denbury Resources Inc. (NYSE:DNR) earned “Neutral” rating by Mizuho on Thursday, October 6. The rating was initiated by KeyBanc Capital Markets with “Sector Perform” on Tuesday, April 26. The stock of Denbury Resources Inc. (NYSE:DNR) earned “Sell” rating by UBS on Friday, October 2. RBC Capital Markets maintained Denbury Resources Inc. (NYSE:DNR) on Monday, February 22 with “Sector Perform” rating. On Friday, December 18 the stock rating was downgraded by Stifel Nicolaus to “Sell”. The stock of Denbury Resources Inc. (NYSE:DNR) has “Hold” rating given on Wednesday, June 15 by Stifel Nicolaus.
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 is positive, 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.
The Texas-based Texas Permanent School Fund has invested 0.01% in Denbury Resources Inc. (NYSE:DNR). Comerica Fincl Bank has 273,374 shares for 0.01% of their US portfolio. Kwmg holds 58,724 shares or 0.11% of its portfolio. Natl Bank Of New York Mellon Corp has invested 0.01% of its portfolio in Denbury Resources Inc. (NYSE:DNR). Great West Life Assurance Can last reported 28,900 shares in the company. Gsa Capital Partners Llp holds 61,368 shares or 0.01% of its portfolio. Cullen Frost Bankers Incorporated last reported 304,151 shares in the company. Putnam Invests Limited Liability Corp has 0% invested in the company for 432,400 shares. Cap Investors holds 0% of its portfolio in Denbury Resources Inc. (NYSE:DNR) for 2.57M shares. Winfield Assocs owns 175 shares or 0% of their US portfolio. Blackrock Institutional Trust Communications Na accumulated 0.01% or 11.22M shares. Nomura Asset Mgmt Communication last reported 0% of its portfolio in the stock. Sg Americas Securities Ltd has invested 0% of its portfolio in Denbury Resources Inc. (NYSE:DNR). Walleye Trading Limited Co reported 14,976 shares or 0% of all its holdings. Marshall Wace Llp owns 1.60M shares or 0.05% of their US portfolio.
Insider Transactions: Since August 15, 2016, the stock had 0 insider purchases, and 1 sale for $31,300 net activity. 10,000 shares with value of $31,300 were sold by McMichael Greg on Monday, August 15.
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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