Price Action to Note: Denbury Resources Inc. Has Another Very Weak Trading Session

Price Action to Note: Denbury Resources Inc. Has Another Very Weak Trading Session

The stock of Denbury Resources Inc. (NYSE:DNR) is a huge mover today! About 8.74 million shares traded hands. Denbury Resources Inc. (NYSE:DNR) has risen 1.63% since April 14, 2016 and is uptrending. It has underperformed by 3.05% the S&P500.
The move comes after 7 months negative chart setup for the $1.26B company. It was reported on Nov, 16 by Barchart.com. We have $2.82 PT which if reached, will make NYSE:DNR worth $63.00M less.

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 stock has “Hold” rating given by Johnson Rice on Monday, February 22. On Thursday, October 6 the stock rating was initiated by Mizuho with “Neutral”. The company was initiated on Tuesday, April 26 by KeyBanc Capital Markets. The rating was maintained by RBC Capital Markets with “Sector Perform” on Monday, February 22. The stock of Denbury Resources Inc. (NYSE:DNR) earned “Market Perform” rating by Cowen & Co on Tuesday, September 8. The company was maintained on Friday, October 2 by UBS. Stifel Nicolaus upgraded the shares of DNR in a report on Wednesday, June 15 to “Hold” rating. Stifel Nicolaus downgraded Denbury Resources Inc. (NYSE:DNR) on Friday, December 18 to “Sell” rating. The rating was downgraded by Barclays Capital to “Underweight” on Wednesday, August 10. The stock of Denbury Resources Inc. (NYSE:DNR) has “Underperform” rating given on Tuesday, September 8 by Credit Suisse.

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.
Gotham Asset Limited Liability has 0% invested in the company for 14,758 shares. Commonwealth Bancorporation Of Aus has 292,768 shares for 0.01% of their US portfolio. Weaver C Barksdale Associate holds 1,182 shares or 0.01% of its portfolio. Liberty Mutual Grp Asset Management has 152,288 shares for 0.02% of their US portfolio. Old Mutual Customised Solutions (Proprietary) Ltd holds 100,500 shares or 0.09% of its portfolio. Swiss Commercial Bank accumulated 578,500 shares or 0% of the stock. Boothbay Fund Management Ltd Llc holds 0.02% of its portfolio in Denbury Resources Inc. (NYSE:DNR) for 12,755 shares. Laurion Cap Mgmt Lp holds 0.02% or 349,962 shares in its portfolio. California Pub Employees Retirement Sys last reported 0.03% of its portfolio in the stock. The Colorado-based Icon Advisers Inc has invested 0.19% in Denbury Resources Inc. (NYSE:DNR). Moreover, Teachers Advsrs Inc has 0% invested in Denbury Resources Inc. (NYSE:DNR) for 564,121 shares. Wright Investors Service has 0.05% invested in the company for 31,810 shares. Highbridge Cap Management Llc last reported 133,013 shares in the company. Virginia Retirement Et Al accumulated 56,900 shares or 0% of the stock. Nomura Asset Mgmt Com Limited accumulated 73,200 shares or 0% of the stock.

Insider Transactions: Since August 15, 2016, the stock had 0 insider purchases, and 1 insider sale for $31,300 net activity. McMichael Greg also sold $31,300 worth of Denbury Resources Inc. (NYSE:DNR) 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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