Denbury Resources Inc. (NYSE:DNR) has received a consensus recommendation of “Hold” from the thirteen research firms that are presently covering the company, MarketBeat reports. Five research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $2.31.

A number of research firms recently commented on DNR. KeyCorp reiterated a “hold” rating on shares of Denbury Resources in a research report on Wednesday. BMO Capital Markets restated a “hold” rating and issued a $1.00 price target on shares of Denbury Resources in a report on Friday, September 1st. BidaskClub cut Denbury Resources from a “sell” rating to a “strong sell” rating in a report on Thursday, August 24th. Stifel Nicolaus set a $1.00 price target on Denbury Resources and gave the company a “hold” rating in a report on Friday, August 18th. Finally, Zacks Investment Research upgraded Denbury Resources from a “sell” rating to a “hold” rating in a report on Monday, August 14th.

Large investors have recently modified their holdings of the company. Cambridge Investment Research Advisors Inc. grew its holdings in shares of Denbury Resources by 15.6% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 43,796 shares of the oil and natural gas company’s stock worth $113,000 after purchasing an additional 5,900 shares during the period. State of Alaska Department of Revenue purchased a new stake in shares of Denbury Resources during the 1st quarter worth about $113,000. Tudor Investment Corp ET AL purchased a new stake in shares of Denbury Resources during the 1st quarter worth about $140,000. Northwestern Mutual Investment Management Company LLC purchased a new stake in shares of Denbury Resources during the 2nd quarter worth about $217,000. Finally, Capstone Asset Management Co. grew its holdings in shares of Denbury Resources by 195.5% during the 1st quarter. Capstone Asset Management Co. now owns 71,238 shares of the oil and natural gas company’s stock worth $184,000 after purchasing an additional 47,130 shares during the period. Institutional investors and hedge funds own 86.45% of the company’s stock.

Denbury Resources (NYSE DNR) traded up 1.85% during trading on Wednesday, hitting $1.10. 5,564,657 shares of the company traded hands. Denbury Resources has a 52-week low of $0.91 and a 52-week high of $4.29. The firm’s market cap is $428.89 million. The company’s 50-day moving average is $1.27 and its 200 day moving average is $1.83.

Denbury Resources (NYSE:DNR) last posted its quarterly earnings data on Tuesday, August 8th. The oil and natural gas company reported $0.00 EPS for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.02. The firm had revenue of $261.20 million during the quarter, compared to analysts’ expectations of $248.66 million. Denbury Resources had a negative return on equity of 1.94% and a negative net margin of 35.24%. The firm’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.08 EPS. On average, equities analysts anticipate that Denbury Resources will post $0.02 earnings per share for the current year.

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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.

Analyst Recommendations for Denbury Resources (NYSE:DNR)

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