Denbury Resources Inc. (DNR) Receives $2.07 Average Target Price from Brokerages
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.
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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.
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