Denbury Resources (NYSE:DNR) has been rated by 8 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $5 and the lowest price target forecast is $1. The average forecast of all the analysts is $3.06 and the expected standard deviation is $1.32.
Other Equity analysts have also commented on the company shares. Stifel Nicolaus upgrades its rating on Denbury Resources (NYSE:DNR). Analysts at the Stifel Nicolaus have a current rating of Hold 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 $4.46, the bulls momentum made the stock top out at $4.695 level for the day. The stock recorded a low of $4.46 and closed the trading day at $4.68, in the green by 5.41%. The total traded volume for the day was 9,637,802. The stock had closed at $4.44 in the previous days trading.
The company shares have dropped -32.32% from its 1 Year high price. On Jun 25, 2015, the shares registered one year high at $6.71 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $4.06 and the 200 Day Moving Average price is recorded at $2.62. On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Denbury Resources Inc, Greene Ronald G had sold 45,000 shares worth of $828,900 in a transaction dated June 24, 2014. In this transaction, 45,000 shares were sold at $18.42 per share.
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.