Denbury Resources (NYSE:DNR) : The most positive equity analysts on Denbury Resources (NYSE:DNR) expects the shares to touch $5, whereas, the least positive believes that the stock will trade at $1 in the short term. The company is covered by 8 Wall Street Brokerage Firms. The average price target for shares are $3.06 with an expected fluctuation of $1.32 from the mean.
Denbury Resources Inc. has lost 23.29% in the last five trading days and dropped 14.52% in the last 4 weeks. Denbury Resources Inc. is up 76.85% in the last 3-month period. Year-to-Date the stock performance stands at 77.72%. Also, Equity Analysts at the Brokerage Firm, Stifel Nicolaus, upgrades their rating on the shares of Denbury Resources (NYSE:DNR). Stifel Nicolaus has a Hold rating on the shares. Previously, the analysts had a Sell rating on the shares. The rating by the firm was issued on June 15, 2016.
Denbury Resources (NYSE:DNR) : 9 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Denbury Resources (NYSE:DNR). Zacks Investment Research suggests a Buy with a rank of 2. 2 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 11 Wall Street Analysts endorse the stock as a Hold with a rating of 3.36.
Denbury Resources (NYSE:DNR): The stock opened at $3.84 on Thursday but the bulls could not build on the opening and the stock topped out at $3.84 for the day. The stock traded down to $3.56 during the day, due to lack of any buying support eventually closed down at $3.59 with a loss of -5.53% for the day. The stock had closed at $3.80 on the previous day. The total traded volume was 14,619,012 shares.
In an insider trading activity,The director of Denbury Resources Inc, Greene Ronald G sold 45,000 shares at $18.42 on June 24, 2014. The Insider selling transaction had a total value worth of $828,900. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
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.