The stock of Denbury Resources Inc. (NYSE:DNR) is a huge mover today! About 6.36 million shares traded hands. Denbury Resources Inc. (NYSE:DNR) has declined 7.30% since April 13, 2016 and is downtrending. It has underperformed by 11.23% the S&P500.
The move comes after 5 months positive chart setup for the $1.27B company. It was reported on Nov, 15 by Barchart.com. We have $4.76 PT which if reached, will make NYSE:DNR worth $660.40 million more.
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. The company was upgraded on Wednesday, June 15 by Stifel Nicolaus. Cowen & Co downgraded Denbury Resources Inc. (NYSE:DNR) rating on Tuesday, September 8. Cowen & Co has “Market Perform” rating and $3 price target. The rating was downgraded by Credit Suisse on Tuesday, September 8 to “Underperform”. RBC Capital Markets maintained the stock with “Sector Perform” rating in Monday, February 22 report. The stock of Denbury Resources Inc. (NYSE:DNR) earned “Sell” rating by Stifel Nicolaus on Friday, December 18. The firm has “Underweight” rating by Barclays Capital given on Wednesday, August 10. The company was initiated on Thursday, October 6 by Mizuho. As per Tuesday, April 26, the company rating was initiated by KeyBanc Capital Markets. On Friday, October 2 the stock rating was maintained by UBS with “Sell”. Johnson Rice downgraded the shares of DNR in a report 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 2016 Q2. 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.
Blackrock Advisors Lc owns 1.89 million shares or 0.01% of their US portfolio. Virginia Retirement Et Al last reported 56,900 shares in the company. Aqr Ltd Liability Corp accumulated 4.77M shares or 0.03% of the stock. Legal & General Grp Incorporated Pcl accumulated 0.01% or 1.49M shares. Allianz Asset Mngmt Ag last reported 0% of its portfolio in the stock. Insight 2811 Incorporated holds 0.03% or 24,332 shares in its portfolio. First Quadrant Lp Ca, a California-based fund reported 120,154 shares. Van Den Berg Mgmt I last reported 0.04% of its portfolio in the stock. Great West Life Assurance Can holds 28,900 shares or 0% of its portfolio. Cornerstone Advsrs Inc accumulated 243 shares or 0% of the stock. Ameriprise Inc has 1.43 million shares for 0% of their US portfolio. Dekabank Deutsche Girozentrale holds 0% of its portfolio in Denbury Resources Inc. (NYSE:DNR) for 28,569 shares. World Asset holds 29,375 shares or 0% of its portfolio. Ladenburg Thalmann Serv has 0% invested in the company for 2,720 shares. Moreover, Dimensional Fund Advsr Limited Partnership has 0.01% invested in Denbury Resources Inc. (NYSE:DNR) for 3.15 million shares.
Insider Transactions: Since August 15, 2016, the stock had 0 insider purchases, and 1 sale for $31,300 net activity. $31,300 worth of Denbury Resources Inc. (NYSE:DNR) was 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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