Denbury Resources (DNR) Getting Somewhat Favorable Press Coverage, Study Shows
Headlines about Denbury Resources (NYSE:DNR) have trended somewhat positive this week, Accern reports. The research group identifies positive and negative press coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Denbury Resources earned a media sentiment score of 0.20 on Accern’s scale. Accern also gave media headlines about the oil and natural gas company an impact score of 45.3557752083025 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the media headlines that may have effected Accern’s rankings:
- Denbury Resources’ (DNR) Hold Rating Reiterated at Royal Bank Of Canada (americanbankingnews.com)
- Stock Picks With Performance Analysis: Denbury Resources Inc. (NYSE:DNR) – NASDAQ Times (nasdaqtimes.com)
- 4 Beaten-Down Oil Stocks That Could Make Huge Moves if Crude Continues Its Momentum (nasdaq.com)
- Surging Earnings Estimates Signal Good News for Denbury Resources (DNR) (nasdaq.com)
- Denbury Resources (DNR) Presents At Johnson Rice & Company 2017 Energy Conference – Slideshow (seekingalpha.com)
A number of research analysts have weighed in on the company. Stifel Nicolaus reiterated a “hold” rating and set a $2.50 target price on shares of Denbury Resources in a report on Friday, July 14th. BMO Capital Markets cut their price target on Denbury Resources from $2.00 to $1.00 and set a “no rating at time” rating on the stock in a research note on Friday, July 14th. ValuEngine downgraded Denbury Resources from a “hold” rating to a “sell” rating in a research note on Friday, June 2nd. Credit Suisse Group restated an “underperform” rating and issued a $2.00 price target on shares of Denbury Resources in a research note on Friday, June 2nd. Finally, Zacks Investment Research downgraded Denbury Resources from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 18th. Five investment analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $2.36.
Denbury Resources (DNR) traded up 2.29% on Friday, reaching $1.34. 4,386,511 shares of the company were exchanged. Denbury Resources has a 52 week low of $0.91 and a 52 week high of $4.29. The stock has a 50-day moving average price of $1.20 and a 200 day moving average price of $1.72. The stock’s market capitalization is $522.47 million.
Denbury Resources (NYSE:DNR) last issued its quarterly earnings data on Tuesday, August 8th. The oil and natural gas company reported $0.00 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.02) by $0.02. Denbury Resources had a negative net margin of 35.24% and a negative return on equity of 1.94%. The company had revenue of $261.20 million for the quarter, compared to the consensus estimate of $248.66 million. During the same period last year, the firm posted $0.08 EPS. Denbury Resources’s revenue for the quarter was up 2.4% on a year-over-year basis. Analysts forecast that Denbury Resources will post $0.02 earnings per share for the current year.
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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