Denbury Resources Inc. (DNR) PT Set at $1.00 by BMO Capital Markets

Denbury Resources Inc. (NYSE:DNR) has been given a $1.00 price target by BMO Capital Markets in a note issued to investors on Tuesday. The firm presently has a “hold” rating on the oil and natural gas company’s stock. BMO Capital Markets’ price objective suggests a potential downside of 24.81% from the stock’s current price.

Several other research firms have also recently commented on DNR. Stifel Nicolaus restated a “hold” rating and set a $2.50 price target on shares of Denbury Resources in a report on Friday, July 14th. Zacks Investment Research cut shares of Denbury Resources from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 18th. ValuEngine cut shares of Denbury Resources from a “sell” rating to a “strong sell” rating in a report on Friday, July 28th. Imperial Capital began coverage on shares of Denbury Resources in a report on Tuesday, October 3rd. They set an “in-line” rating and a $2.00 price target for the company. Finally, BidaskClub upgraded shares of Denbury Resources from a “sell” rating to a “hold” rating in a report on Wednesday, August 2nd. Five investment analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $2.06.

Denbury Resources (DNR) opened at 1.33 on Tuesday. Denbury Resources has a 52 week low of $0.91 and a 52 week high of $4.29. The stock’s market cap is $518.57 million. The company’s 50 day moving average is $1.21 and its 200 day moving average is $1.61.

Denbury Resources (NYSE:DNR) last released its earnings results on Tuesday, August 8th. The oil and natural gas company reported $0.00 earnings per share for the quarter, topping the consensus estimate of ($0.02) by $0.02. The business had revenue of $261.20 million for the quarter, compared to the consensus estimate of $248.66 million. Denbury Resources had a negative net margin of 35.24% and a negative return on equity of 1.94%. The firm’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same period last year, the firm posted $0.08 earnings per share. Equities analysts predict that Denbury Resources will post $0.01 earnings per share for the current year.

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A number of hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. lifted its stake in shares of Denbury Resources by 15,599.0% in the first quarter. BlackRock Inc. now owns 47,422,302 shares of the oil and natural gas company’s stock worth $122,349,000 after buying an additional 47,120,229 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Denbury Resources by 18.3% in the first quarter. Vanguard Group Inc. now owns 56,483,974 shares of the oil and natural gas company’s stock worth $145,729,000 after buying an additional 8,753,615 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Denbury Resources by 146.4% in the first quarter. Dimensional Fund Advisors LP now owns 8,529,233 shares of the oil and natural gas company’s stock worth $22,004,000 after buying an additional 5,067,230 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its stake in shares of Denbury Resources by 163.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 6,641,359 shares of the oil and natural gas company’s stock worth $10,162,000 after buying an additional 4,125,074 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in shares of Denbury Resources by 24.5% in the second quarter. JPMorgan Chase & Co. now owns 12,097,850 shares of the oil and natural gas company’s stock worth $18,510,000 after buying an additional 2,382,134 shares during the last quarter. Hedge funds and other institutional investors own 86.44% of the company’s stock.

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.

Analyst Recommendations for Denbury Resources (NYSE:DNR)

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