Shares of Denbury Resources Inc. (NYSE:DNR) have received an average rating of “Hold” from the twelve brokerages that are covering the company, Marketbeat reports. Four equities research analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $2.07.

Several research firms recently commented on DNR. Zacks Investment Research downgraded Denbury Resources from a “buy” rating to a “hold” rating in a research note on Wednesday, January 31st. Mizuho upgraded Denbury Resources from a “neutral” rating to a “buy” rating in a research note on Tuesday, January 16th. ValuEngine downgraded Denbury Resources from a “hold” rating to a “sell” rating in a research note on Sunday, December 31st. Royal Bank of Canada reiterated a “hold” rating and issued a $2.00 price objective on shares of Denbury Resources in a research note on Wednesday, December 20th. Finally, KeyCorp reiterated a “hold” rating on shares of Denbury Resources in a research note on Monday, November 13th.

Denbury Resources (NYSE:DNR) traded down $0.01 during trading on Friday, reaching $2.06. The company had a trading volume of 2,882,907 shares, compared to its average volume of 9,653,342. Denbury Resources has a fifty-two week low of $0.92 and a fifty-two week high of $3.67. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 5.91. The stock has a market capitalization of $916.95, a P/E ratio of -2.30 and a beta of 3.50.

A number of hedge funds have recently modified their holdings of DNR. Piedmont Investment Advisors LLC raised its holdings in Denbury Resources by 261.7% during the 2nd quarter. Piedmont Investment Advisors LLC now owns 86,127 shares of the oil and natural gas company’s stock valued at $132,000 after acquiring an additional 62,312 shares during the period. LMR Partners LLP bought a new stake in Denbury Resources during the 3rd quarter valued at $140,000. Teachers Retirement System of The State of Kentucky raised its holdings in Denbury Resources by 11.5% during the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 96,950 shares of the oil and natural gas company’s stock valued at $148,000 after acquiring an additional 10,000 shares during the period. Schroder Investment Management Group bought a new stake in Denbury Resources during the 3rd quarter valued at $184,000. Finally, Municipal Employees Retirement System of Michigan raised its holdings in Denbury Resources by 59.0% during the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 149,470 shares of the oil and natural gas company’s stock valued at $200,000 after acquiring an additional 55,480 shares during the period. 80.12% of the stock is currently owned by institutional investors and hedge funds.

WARNING: This story was originally posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this story on another site, it was stolen and republished in violation of U.S. & international trademark & copyright laws. The original version of this story can be viewed at https://www.thecerbatgem.com/2018/02/06/denbury-resources-inc-dnr-receives-2-07-average-target-price-from-brokerages.html.

Denbury Resources Company Profile

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)

Receive News & Ratings for Denbury Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Denbury Resources and related companies with MarketBeat.com's FREE daily email newsletter.