Denbury Resources Inc. (DNR) Short Interest Update
Denbury Resources Inc. (NYSE:DNR) was the recipient of a significant increase in short interest during the month of January. As of January 31st, there was short interest totalling 67,654,999 shares, an increase of 7.3% from the January 12th total of 63,030,580 shares. Based on an average daily trading volume, of 9,686,682 shares, the days-to-cover ratio is currently 7.0 days. Approximately 17.1% of the shares of the stock are sold short.
Shares of Denbury Resources (NYSE DNR) opened at $2.04 on Tuesday. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 5.91. Denbury Resources has a one year low of $0.92 and a one year high of $3.60. The firm has a market cap of $822.21, a price-to-earnings ratio of -2.27 and a beta of 3.49.
A number of research firms have weighed in on DNR. Zacks Investment Research raised shares of Denbury Resources from a “hold” rating to a “buy” rating and set a $2.25 target price on the stock in a research note on Wednesday, February 7th. Mizuho raised shares of Denbury Resources from a “neutral” rating to a “buy” rating in a research note on Tuesday, January 16th. ValuEngine cut shares of Denbury Resources from a “hold” rating to a “sell” rating in a research note on Sunday, December 31st. Royal Bank of Canada reaffirmed a “hold” rating and set a $2.00 target price on shares of Denbury Resources in a research note on Wednesday, December 20th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Denbury Resources in a research note on Monday, November 13th. Four equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $2.09.
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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.
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