Denbury Resources (DNR) : Zacks Investment Research ranks Denbury Resources (DNR) as 2, which is a Buy recommendation. 2 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 6 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 8 research analysts is 3.5, which indicates as a Hold.
Denbury Resources (DNR) : The highest short term price target forecast on Denbury Resources (DNR) is $4 and the lowest target price is $2. A total of 5 equity analysts are currently covering the company. The average price of all the analysts is $3.1 with a standard deviation of $1.02.
Company shares have received an average consensus rating of Hold for the current week Denbury Resources (NYSE:DNR): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $2.82 and $2.73 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $2.94. The buying momentum continued till the end and the stock did not give up its gains. It closed at $2.86, notching a gain of 4.00% for the day. The total traded volume was 11,889,799 . The stock had closed at $2.75 on the previous day.
In a related news, The director, of Denbury Resources Inc, Greene Ronald G had unloaded 45,000 shares at $18.42 per share in a transaction on June 24, 2014. The total value of transaction was $828,900. The Insider information was revealed by 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.