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, 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 ABOVE its 20-Day Avg. volume with the stock showing ABOVE Abnormal volume in the past 150 days.

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