Denbury Resources (NYSE:DNR) shares traded 3.31% up during most recent session to reach at the closing price of $1.87. The stock exchanged hands 4.27 Million shares versus average trading capacity of 7.9 Million shares, yielding a market cap of $734.44 Million. Wall Street analysts covering the stock are projecting that the stock will reach $2.81 within the next 52-weeks. The mean target projections are based on 12 opinions.
Taking a broader look brokerage firms’ analysts on the street with an expectant view have Denbury Resources (NYSE:DNR) high price target of $4 and with a conservative view have low price target of $1.5.
Barclays “Downgrades” Denbury Resources (NYSE:DNR) in a research note issued to investors on 8/10/16 to Underweight with price target of $2.5.
Additionally on 6/15/16 Stifel Nicolaus “Upgrades” Denbury Resources (NYSE:DNR) to Hold setting price target at $ and on 4/26/16 KeyBanc “Initiates Coverage on” the stock to Sector Perform. Furthermore on 2/22/16 Johnson Rice “Downgrades” the stock to Hold.
On the other hand the company has Relative Strength Index (RSI 14) of 37.36 along with Average True Range (ATR 14) of 0.14, Consequently Denbury Resources (NYSE:DNR)’s weekly and monthly volatility is 6.26%, 6.26% respectively. The company’s beta value is at 3.31.
In terms of Buy, Sell or Hold recommendations, Denbury Resources (NYSE:DNR) has analysts’ mean recommendation of 3.2. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.
According to analysts Denbury Resources (NYSE:DNR)’s minimum EPS for the current quarter is at $-0.01 and can go high up to $0.02. However the company reported $0.08 earnings per share for the same quarter during last year.
Previously Denbury Resources (NYSE:DNR) reported $-0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $-0.01 by $-0.01. The company posted an earnings surprise of -100%.
Denbury Resources (NYSE:DNR)’s revenue estimates for the current quarter are $264.17 Million according to 9 number of analysts, for the current quarter the company has high revenue estimates of $285.54 Million in contradiction of low revenue estimates of $255.31 Million. For the current year the company’s revenue estimates are $1.13 Billion compared to low analyst estimates of $1.08 Billion and high estimates of $1.15 Billion according to 9 number of analysts.
Currently Denbury Resources (NYSE:DNR)’s shares owned by insiders are 1%, whereas shares owned by institutional owners are 91.6%. However the six-month change in the insider ownership was recorded -0.39%, as well as three-month change in the institutional ownership was recorded 0.82%.
Denbury Resources (NYSE:DNR) 52-week high price stands at $4.74 and low price stands at $1.72, its price distance from 52-week high is -60.55% while its distance from 52-week low price is 8.72%. The stock hit its 52-week high on 06/08/16, and 52-week low on 05/04/17.
Denbury Resources (NYSE:DNR)’s trailing twelve month revenues are $1.06 Billion, whereas its price to sales ratio for the same period is 0.72. Its book value per share for the most recent quarter is $1.27 while its price to book ratio for the same period is 1.47, as for as the company’s cash per share for the most recent quarter is $0, however its price to cash per share ratio for the same period is 450.27. The stock has 5 year expected PEG ratio of 0 whereas its trailing twelve month P/E ratio is 0.