The stock of Denbury Resources Inc. (NYSE:DNR) is a huge mover today! About 3.83M shares traded hands. Denbury Resources Inc. (NYSE:DNR) has risen 18.38% since March 16, 2016 and is uptrending. It has outperformed by 12.83% the S&P500.
The move comes after 9 months positive chart setup for the $1.16B company. It was reported on Oct, 19 by Barchart.com. We have $3.67 PT which if reached, will make NYSE:DNR worth $301.60M more.
Analysts await Denbury Resources Inc. (NYSE:DNR) to report earnings on November, 3. They expect $-0.03 EPS, down 116.67% or $0.21 from last year’s $0.18 per share. After $0.08 actual EPS 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. The stock has “Market Perform” rating given by Cowen & Co on Tuesday, September 8. UBS maintained the shares of DNR in a report on Friday, October 2 with “Sell” rating. The rating was upgraded by Stifel Nicolaus to “Hold” on Wednesday, June 15. The firm earned “Sector Perform” rating on Monday, February 22 by RBC Capital Markets. The company was downgraded on Monday, February 22 by Johnson Rice. The firm earned “Sell” rating on Friday, December 18 by Stifel Nicolaus. The rating was downgraded by Credit Suisse on Tuesday, September 8 to “Underperform”. The firm has “Underweight” rating by Barclays Capital given on Wednesday, August 10. 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.
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.
Citigroup Inc has 0% invested in the company for 373,516 shares. First Manhattan holds 0% of its portfolio in Denbury Resources Inc. (NYSE:DNR) for 1,000 shares. Group Inc One Trading Lp last reported 283,105 shares in the company. The California-based Blackrock Fund Advisors has invested 0.01% in Denbury Resources Inc. (NYSE:DNR). Woodstock accumulated 46,508 shares or 0.03% of the stock. Lpl Fincl Ltd Limited Liability Company reported 14,596 shares or 0% of all its holdings. Cambridge Inv Rech Advsrs holds 0% of its portfolio in Denbury Resources Inc. (NYSE:DNR) for 37,594 shares. Hollencrest Secs Ltd Co last reported 0.01% of its portfolio in the stock. Dekabank Deutsche Girozentrale reported 28,569 shares or 0% of all its holdings. Venor Capital Management L P accumulated 1.35% or 549,500 shares. Alliancebernstein Limited Partnership accumulated 570,959 shares or 0% of the stock. Landscape Mgmt Limited Liability holds 0.1% of its portfolio in Denbury Resources Inc. (NYSE:DNR) for 219,300 shares. First Quadrant Limited Partnership Ca holds 120,154 shares or 0.01% of its portfolio. Cornerstone Cap Management Lc, a New York-based fund reported 364,126 shares. Cornerstone Inv Prtnrs Ltd Liability Com has 10,502 shares for 0% of their US portfolio.
Insider Transactions: Since August 15, 2016, the stock had 0 insider buys, and 1 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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