Stock On Watch: Will Denbury Resources Inc. Go Down Anytime Soon?

Stock On Watch: Will Denbury Resources Inc. Go Down Anytime Soon?

The stock of Denbury Resources Inc. (NYSE:DNR) is a huge mover today! About 5.92 million shares traded hands. Denbury Resources Inc. (NYSE:DNR) has risen 20.90% since April 5, 2016 and is uptrending. It has outperformed by 18.94% the S&P500.
The move comes after 5 months positive chart setup for the $1.05B company. It was reported on Nov, 7 by Barchart.com. We have $4.32 PT which if reached, will make NYSE:DNR worth $682.50M 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. Stifel Nicolaus downgraded the shares of DNR in a report on Friday, December 18 to “Sell” rating. On Tuesday, September 8 the stock rating was downgraded by Cowen & Co to “Market Perform”. The firm has “Underperform” rating given on Tuesday, September 8 by Credit Suisse. The rating was initiated by KeyBanc Capital Markets on Tuesday, April 26 with “Sector Perform”. The firm has “Sell” rating given on Friday, October 2 by UBS. On Thursday, October 6 the stock rating was initiated by Mizuho with “Neutral”. The firm earned “Sector Perform” rating on Monday, February 22 by RBC Capital Markets. Johnson Rice downgraded the shares of DNR in a report on Monday, February 22 to “Hold” rating. On Wednesday, August 10 the stock rating was downgraded by Barclays Capital to “Underweight”. On Wednesday, June 15 the stock rating was upgraded by Stifel Nicolaus to “Hold”.

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 increased, 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 Institutional Na, a California-based fund reported 11.22 million shares. Deutsche Commercial Bank Ag accumulated 0% or 1.23 million shares. First Quadrant Limited Partnership Ca last reported 120,154 shares in the company. State Of New Jersey Common Pension Fund D owns 300,000 shares or 0% of their US portfolio. Pnc Services Grp Incorporated holds 0% of its portfolio in Denbury Resources Inc. (NYSE:DNR) for 47,480 shares. Marshall Wace Llp owns 1.60 million shares or 0.05% of their US portfolio. Neuberger Berman Grp Limited Liability, a New York-based fund reported 310,382 shares. National Bank Of America Corp De accumulated 0% or 649,597 shares. Boothbay Fund Lc has 12,755 shares for 0.02% of their US portfolio. Indexiq Ltd Liability last reported 13,641 shares in the company. The Minnesota-based Us Comml Bank De has invested 0% in Denbury Resources Inc. (NYSE:DNR). California Public Employees Retirement holds 0.03% or 4.70 million shares in its portfolio. Tower Cap Limited Liability Co (Trc) owns 52,656 shares or 0.02% of their US portfolio. Jpmorgan Chase Company accumulated 0.01% or 13.08M shares. Hsbc Holding Public Limited Company holds 50,758 shares or 0% of its portfolio.

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

Another recent and important Denbury Resources Inc. (NYSE:DNR) news was published by Prnewswire.com which published an article titled: “Oil & Gas Stocks Under Review — Oasis Petroleum, Denbury Resources, WPX …” on November 07, 2016.

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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