Denbury Resources (DNR) : 5 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Denbury Resources (DNR). Zacks Investment Research suggests a Hold with a rank of 3. 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 7 Wall Street Analysts endorse the stock as a Sell with a rating of 3.57.
Denbury Resources (DNR) : The consensus price target for Denbury Resources (DNR) is $3 for the short term with a standard deviation of $1.06. The most optimist securities analyst among the 5 who monitor the stock believes that the stock can reach $4, however, the pessimist price target for the company is $2.
Also, Barclays downgrades its view on Denbury Resources (NYSE:DNR) according to the research report released by the firm to its investors. The shares have now been rated Underweight by the stock experts at the ratings house. Earlier, the shares had a rating of Equal-weight. Barclays lowers the price target from $3 per share to $2.5 per share on Denbury Resources . The rating by the firm was issued on August 10, 2016.
Denbury Resources (NYSE:DNR): After opening at $2.88, the stock dipped to an intraday low of $2.8 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $2.94 and the buying power remained strong till the end. The stock closed at $2.86 for the day, a gain of 1.42% for the day session. The total traded volume was 6,774,609. The stocks close on the previous trading day was $2.82.
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.