Denbury Resources (NYSE:DNR) Downgraded to Hold at Zacks Investment Research

Lloyd Doyle
February 10, 2018

321.52 million shares or 7.26% less from 346.71 million shares in 2017Q2 were reported.

Denbury Resources Inc. (DNR)'s RSI (Relative strength index) is at 37.08, its ATR (Average True Range) value is 0.14, while its Beta factor was calculated at 3.5. At the moment, the stock of Intel has a standard deviation of 0.57. Raymond James And Associate, Florida-based fund reported 137,461 shares. (NYSE:DNR) have caught the attention of investors. Australia-based Macquarie Limited has invested 0% in Denbury Resources Inc. Cubist Systematic Strategies Ltd Limited Liability Company has 8,758 shares. Integral Derivatives Limited Company holds 28,700 shares. 39,832 are held by Usa Portformulas Corporation. Creative Planning holds 0% in Denbury Resources Inc. Arizona State Retirement System raised its position in shares of Denbury Resources by 223.3% in the 4th quarter. Sterling Ltd Liability accumulated 12,600 shares.

Since October 26, 2017, it had 1 buy, and 3 insider sales for $228,453 activity. (NYSE:CMI) earned "Market Perform" rating by Wells Fargo on Friday, October 6. 30,920 shares were sold by Poole David P, worth $505,851 on Tuesday, December 12. For the current year the company's revenue estimates are $1.09 Billion compared to low analyst estimates of $1.03 Billion and high estimates of $1.13 Billion according to 7 number of analysts. The 1-year low was reported on Feb, 9 by Barchart.com. They set an in-line rating and a $2.00 target price for the company. Tracking the stock price in relation to moving averages as well as highs and lows for the year might assist with evaluating future stock performance. During such technical setups, fundamental investors usually stay away and are careful buying the stock.

A total of 11.69 Billion shares exchanged at hands and its average trading volume is standing at 9.29 Million shares. About 3.14 million shares traded. (NYSE:DNR) for 36,595 shares. It has underperformed by 52.75% the S&P500.


Analysts await Denbury Resources Inc.

Several analysts are forecasting growth estimate of Denbury Resources Inc. for the current quarter to be 450%. RRC's profit will be $34.18 million for 22.31 P/E if the $0.14 EPS becomes a reality. The institutional investor held 18,456 shares of the industrial machinery and components company at the end of 2017Q3, valued at $3.10M, down from 20,751 at the end of the previous reported quarter. RBC Capital Markets maintained Denbury Resources Inc.

When we look at the Analyst Recommendations of the stock, the company has 2.6 rating given by Analysts where 1 stands for Strong Buy and 5 stands for Strong Sell. Therefore 57% are positive. The oil and natural gas company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.05. The rating was downgraded by Credit Suisse on Tuesday, September 8 to "Underperform". It is positive, as 19 investors sold Denbury Resources Inc. shares while 53 reduced holdings. The firm has "Sell" rating by Raymond James given on Monday, January 29. The firm has "Neutral" rating given on Thursday, October 6 by Mizuho. Four equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company. The rating was maintained by Cowen & Co on Wednesday, September 27 with "Buy". The company operates in the Energy sector with a market capitalization of 800160. (NYSE:DNR) rating on Thursday, July 13. The firm earned "Underweight" rating on Wednesday, August 10 by Barclays Capital. (NASDAQ:PI) to report earnings on February, 15. The stock traded within a range of $1.80 and $1.95. Teachers Advisors LLC now owns 967,464 shares of the oil and natural gas company's stock valued at $1,480,000 after buying an additional 351,363 shares during the period. Kessler Investment Group Llc who had been investing in Cummins Inc for a number of months, seems to be less bullish one the $26.96 billion market cap company. California Public Employees Retirement System now owns 3,485,073 shares of the oil and natural gas company's stock valued at $4,670,000 after buying an additional 233,475 shares during the period. It now has negative earnings. The firm holds interests in developed and undeveloped natural gas and oil leases in the Appalachian and North Louisiana region of the United States.

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