Denbury Resources (DNR) Receives News Impact Score of -0.04
News coverage about Denbury Resources (NYSE:DNR) has trended somewhat negative recently, according to Alpha One Sentiment. Alpha One, a unit of Accern, rates the sentiment of media coverage by reviewing more than 20 million news and blog sources in real-time. Alpha One ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Denbury Resources earned a news impact score of -0.04 on Alpha One’s scale. Alpha One also gave news coverage about the oil and natural gas company an impact score of 60 out of 100, indicating that recent media coverage is somewhat likely to have an effect on the company’s share price in the next few days.
These are some of the news articles that may have effected AlphaOne Sentiment Analysis’s scoring:
- Denbury Resources Inc. (DNR) Short Interest Update (americanbankingnews.com)
- Are Options Traders Betting on a Big Move in Denbury Resources (DNR) Stock? – Nasdaq (nasdaq.com)
- Critical Levels To Breach: Denbury Resources Inc. (DNR), Bristol-Myers Squibb Company (BMY) – AllStockNews (allstocknews.com)
- Denbury Resources Inc. (DNR) stock uncovered monthly dull performance with sinking progress of -17.20% – Stocks Gallery (stocksgallery.com)
Denbury Resources (NYSE:DNR) traded up 1.42% during midday trading on Friday, hitting $1.43. 12,181,652 shares of the stock traded hands. The stock’s market capitalization is $556.84 million. Denbury Resources has a 52 week low of $1.35 and a 52 week high of $4.70. The stock’s 50-day moving average price is $1.73 and its 200-day moving average price is $2.77.
Denbury Resources (NYSE:DNR) last announced its quarterly earnings data on Thursday, May 4th. The oil and natural gas company reported ($0.02) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by $0.01. The company had revenue of $264 million during the quarter, compared to analysts’ expectations of $254.67 million. Denbury Resources had a negative net margin of 72.85% and a positive return on equity of 2.49%. The business’s revenue for the quarter was up 35.5% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.03) earnings per share. Equities research analysts expect that Denbury Resources will post $0.13 EPS for the current fiscal year.
Several equities analysts have recently weighed in on the stock. ValuEngine lowered shares of Denbury Resources from a “hold” rating to a “sell” rating in a report on Friday, June 2nd. Zacks Investment Research upgraded shares of Denbury Resources from a “hold” rating to a “strong-buy” rating and set a $3.25 price objective on the stock in a report on Tuesday, February 28th. Credit Suisse Group reiterated an “underperform” rating and set a $2.00 price objective on shares of Denbury Resources in a report on Friday, June 2nd. Finally, KLR Group reiterated a “buy” rating and set a $5.00 price objective on shares of Denbury Resources in a report on Wednesday, March 15th. Four analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $3.13.
In related news, Director Greg Mcmichael sold 16,000 shares of the stock in a transaction that occurred on Monday, March 27th. The shares were sold at an average price of $2.23, for a total value of $35,680.00. Following the completion of the transaction, the director now directly owns 73,379 shares of the company’s stock, valued at approximately $163,635.17. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.20% of the company’s stock.
About Denbury Resources
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.
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