Key Market Mover: Denbury Resources (DNR)

Marco Green
February 25, 2018

As per Friday, August 5, the company rating was initiated by Citigroup. BioPharmX Corporation (NYSE:BPMX) for the trailing twelve months paying dividend with the payout ratio of 0.00% to its shareholders. Other positives for the company include low-risk investments, a strong financial position and an active divestment policy. Mason Street Advsrs Ltd Liability has invested 0% of its portfolio in Denbury Resources Inc. They are also projecting the Low EPS estimate of $0.05 and the High EPS estimate of $0.16.

A number of other analysts have also commented on DNR. The Rgm Capital Llc holds 2.83M shares with $57.61 million value, up from 2.82 million last quarter. KeyCorp reiterated a "hold" rating on shares of Denbury Resources in a research note on Monday, November 13th. Recently, investment analysts covering the stock have updated the mean rating to 2.8. Lpl Fin Limited holds 0% of its portfolio in Denbury Resources Inc. The firm has "Buy" rating by Mizuho given on Tuesday, January 16. Royal Bank of Canada reiterated a "hold" rating and set a $2.00 price target on shares of Denbury Resources in a research report on Wednesday, December 20th. Four equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. (NYSE:DNR) earned "Sell" rating by UBS on Friday, October 2.

Denbury Resources Inc. (DNR) has an annual dividend of $0, while its annual dividend yield is 0%. About 9.84M shares traded or 8.17% up from the average. Elm Ridge Management Llc bought 3.86M shares as the company's stock declined 45.31% while stock markets rallied. Currently, Denbury Resources (DNR) has a 14-day ATR of 0.15.

For the current Fiscal Quarter, 5 analysts on average are expecting earnings of $0.36 per share. Whereas, in last 21 trading days (one month) was climbed -13.23% and slashed in last 63 trading days (quarter) of -27.29%. The institutional investor held 315,378 shares of the prepackaged software company at the end of 2017Q3, valued at $36.16 million, down from 352,711 at the end of the previous reported quarter.

Detecting profitability, the Company has a profit margin of -32.50%, and an operating of -39.80%.

The company's Average Revenue Estimate for the current quarter is $312.02 Million, while Low and High Revenue Estimates are $288 Million and $339.4 Million respectively. At present, 7 analysts recommended Holding these shares while 0 recommended sell, according to FactSet data.

For the current quarter Denbury Resources (NYSE:DNR) has average revenue estimates of $307.11 Million, a total number of 8 analysts provided estimations over revenues. Teachers Retirement System of The State of Kentucky increased its stake in shares of Denbury Resources by 11.5% in the second quarter. Northern Trust Corp now owns 4,859,338 shares of the oil and natural gas company's stock valued at $7,436,000 after purchasing an additional 376,512 shares during the last quarter. Thrivent Financial For Lutherans lifted its position in shares of Denbury Resources by 4.6% during the 2nd quarter.

WPX Energy, Inc.is a natural gas and oil company focused on the exploitation and development of unconventional properties. Finally, Two Sigma Advisers LP acquired a new stake in shares of Denbury Resources in the fourth quarter valued at $163,000. The forecast of 1 surveyed investment analysts covering the stock advises investors to Buy stake in the company.

Let's take a closer look at some technical levels for Denbury Resources (DNR). State Street Corp boosted its holdings in shares of Denbury Resources by 1.8% during the 2nd quarter.

The stock decreased 0.10% or $0.06 during the last trading session, reaching $60.52. The fund owned 160,808 shares of the oil and natural gas company's stock after selling 462,110 shares during the period. According to today's trading volume Denbury Resources Inc.is ABOVE its 20-Day Avg. volume with the stock showing ABOVE Abnormal volume in the past 150 days.

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