Denbury Resources (DNR) : Zacks Investment Research ranks Denbury Resources (DNR) as 3, which is a Hold recommendation. 1 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 9 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 10 research analysts is 3.2, which indicates as a Hold.
Denbury Resources (DNR) has been rated by 6 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $5 and the lowest price target forecast is $2. The average forecast of all the analysts is $3.58 and the expected standard deviation is $1.2.
Company shares have received an average consensus rating of Hold for the current week Also, Equity analysts at the Brokerage firm Stifel Nicolaus upgrades its rating on Denbury Resources (NYSE:DNR). The rating major has initiated the coverage with hold rating on the shares. Earlier, the shares were rated a Sell by the brokerage firm. The rating by the firm was issued on June 15, 2016.
Denbury Resources (NYSE:DNR): The stock was completely flat for the day, closing at $2.66 on Wednesday. The flat closing masks the intraday volatility in the stock. After opening at $2.68, the stock touched an intraday high of $2.71 and a low of $2.52. Neither the bulls nor the bears asserted their supremacy at close, due to which the stock closed completely flat. The stock previously closed at $2.66. The total trading volume on Wednesday was 12,537,657.
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.