Notable Runner: Is Buying Stock Like Denbury Resources Inc. After Such Increase Winning Strategy?

Notable Runner: Is Buying Stock Like Denbury Resources Inc. After Such Increase Winning Strategy?

The stock of Denbury Resources Inc. (NYSE:DNR) is a huge mover today! About 16.20 million shares traded hands or 59.92% up from the average. Denbury Resources Inc. (NYSE:DNR) has declined 39.01% since April 27, 2016 and is downtrending. It has underperformed by 44.24% the S&P500.
The move comes after 8 months positive chart setup for the $1.31 billion company. It was reported on Nov, 30 by Barchart.com. We have $3.71 PT which if reached, will make NYSE:DNR worth $91.70M more.

Analysts await Denbury Resources Inc. (NYSE:DNR) to report earnings on February, 16. They expect $-0.03 earnings per share, down 200.00% or $0.02 from last year’s $-0.01 per share.

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

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 decreased to 1.28 in 2016 Q2. Its down 0.06, from 1.34 in 2016Q1. The ratio dived, 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.
Da Davidson Com has 4,000 shares for 0% of their US portfolio. First Quadrant Ltd Partnership Ca last reported 120,154 shares in the company. Gabelli Funds Ltd Llc reported 16,000 shares or 0% of all its holdings. The Texas-based Savings Bank has invested 0.01% in Denbury Resources Inc. (NYSE:DNR). Glenmede Na has 0% invested in the company for 160,314 shares. The New York-based Mutual Of America Limited has invested 0.02% in Denbury Resources Inc. (NYSE:DNR). Champlain Invest Ltd Com holds 0.59% or 9.47M shares in its portfolio. Guggenheim Cap Lc last reported 69,829 shares in the company. Columbia Pacific Lc last reported 0% of its portfolio in the stock. Putnam Invs Lc has 0% invested in the company for 432,400 shares. Next Group Inc Incorporated Inc holds 0% or 3,000 shares in its portfolio. Dynamic Capital Management Limited has 0.09% invested in the company for 208,552 shares. Tower Rech Capital Limited Com (Trc) reported 52,656 shares or 0.02% of all its holdings. Great West Life Assurance Com Can accumulated 0% or 28,900 shares. Elm Ridge Mgmt accumulated 2.91% or 3.36 million shares.

Insider Transactions: Since August 15, 2016, the stock had 0 insider purchases, and 1 insider sale for $31,300 net activity. Shares for $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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