Shares of Denbury Resources Inc. (NYSE:DNR) have earned a consensus rating of “Hold” from the twelve analysts that are presently covering the firm, MarketBeat Ratings reports. Four research analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and three have given a buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $2.09.
Several analysts have recently issued reports on the stock. Royal Bank of Canada reiterated a “hold” rating and issued a $2.00 target price on shares of Denbury Resources in a research report on Wednesday, December 20th. Zacks Investment Research upgraded shares of Denbury Resources from a “hold” rating to a “buy” rating and set a $2.25 target price on the stock in a research report on Wednesday, February 7th. Mizuho upgraded shares of Denbury Resources from a “neutral” rating to a “buy” rating in a research report on Tuesday, January 16th. ValuEngine lowered shares of Denbury Resources from a “hold” rating to a “sell” rating in a research report on Sunday, December 31st. Finally, KeyCorp reiterated a “hold” rating on shares of Denbury Resources in a research report on Monday, November 13th.
Denbury Resources (DNR) traded down $0.10 during mid-day trading on Wednesday, reaching $2.19. 6,497,791 shares of the company traded hands, compared to its average volume of 9,307,009. The firm has a market capitalization of $880.60, a price-to-earnings ratio of 5.34 and a beta of 3.49. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 5.91. Denbury Resources has a 52 week low of $0.92 and a 52 week high of $2.84.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Janus Henderson Group PLC lifted its stake in shares of Denbury Resources by 778.1% in the third quarter. Janus Henderson Group PLC now owns 3,142,630 shares of the oil and natural gas company’s stock worth $4,211,000 after buying an additional 2,784,747 shares in the last quarter. Millennium Management LLC lifted its stake in shares of Denbury Resources by 314.1% in the fourth quarter. Millennium Management LLC now owns 3,410,876 shares of the oil and natural gas company’s stock worth $7,538,000 after buying an additional 2,587,244 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Denbury Resources by 18.5% in the second quarter. Dimensional Fund Advisors LP now owns 10,103,099 shares of the oil and natural gas company’s stock worth $15,458,000 after buying an additional 1,573,866 shares in the last quarter. BlackRock Inc. lifted its stake in shares of Denbury Resources by 2.9% in the fourth quarter. BlackRock Inc. now owns 52,960,970 shares of the oil and natural gas company’s stock worth $117,044,000 after buying an additional 1,516,392 shares in the last quarter. Finally, Two Sigma Investments LP purchased a new position in shares of Denbury Resources in the fourth quarter worth about $2,002,000. Institutional investors and hedge funds own 79.99% of the company’s stock.
COPYRIGHT VIOLATION NOTICE: This report was originally reported by Ticker Report and is the property of of Ticker Report. If you are viewing this report on another publication, it was illegally stolen and republished in violation of international copyright & trademark law. The correct version of this report can be viewed at https://www.tickerreport.com/banking-finance/3229002/denbury-resources-inc-dnr-receives-average-recommendation-of-hold-from-brokerages.html.
Denbury Resources Company Profile
Denbury Resources Inc is an independent oil and natural gas company. The Company’s operations are focused in two operating areas: the Gulf Coast and Rocky Mountain regions. Its 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.
Receive News & Ratings for Denbury Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Denbury Resources and related companies with MarketBeat.com's FREE daily email newsletter.