Denbury Resources (DNR): Price Target and June Short Interest Disclosure

Denbury Resources (DNR) : Average target price received by Denbury Resources (DNR) is $3.58 with an expected standard deviation of $1.2. The most aggressive target on the stock is $5, whereas the most downbeat target is $2. 6 financial analysts are currently covering the stock.

Denbury Resources (DNR), A increase of 15,948,942 shares or 26.3% was observed in the short interest of Denbury Resources The interest on June 30,2016 came in at 76,678,224 shares and as per the average daily trading of 15,064,293 shares, the days to cover are 5. The increased interest is 22.3% of the floated shares. The data of June 15,2016 put the interest at 60,729,282 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.

Also, Equity Analysts at the Stifel Nicolaus upgrades the rating on Denbury Resources (NYSE:DNR). The brokerage firm has issued a Hold rating on the shares. The shares were previously rated Sell. The rating by the firm was issued on June 15, 2016.


Denbury Resources (NYSE:DNR): stock turned positive on Thursday. Though the stock opened at $3.48, the bulls momentum made the stock top out at $3.5 level for the day. The stock recorded a low of $3.39 and closed the trading day at $3.42, in the green by 2.09%. The total traded volume for the day was 6,520,135. The stock had closed at $3.35 in the previous days trading.

Denbury Resources Inc. is an independent oil and natural gas company. The Companys operations are focused in two operating areas: the Gulf Coast and Rocky Mountain regions. The Companys 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 Companys primary Gulf Coast CO2 source is Jackson Dome. The Companys mature group of properties includes the initial CO2 field, Little Creek, as well as several other fields, including Brookhaven, Cranfield, Eucutta, Lockhart Crossing, Mallalieu, Martinville, McComb and Soso fields. The Company also holds interest in the 183-mile NEJD CO2 pipeline that runs from Jackson Dome to near Donaldsonville, Louisiana.

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