Denbury Resources (DNR) Earning Favorable Press Coverage, Analysis Shows

News articles about Denbury Resources (NYSE:DNR) have been trending positive on Friday, according to Accern Sentiment Analysis. The research firm rates the sentiment of news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Denbury Resources earned a media sentiment score of 0.30 on Accern’s scale. Accern also assigned media headlines about the oil and natural gas company an impact score of 71 out of 100, indicating that recent news coverage is likely to have an effect on the company’s share price in the near term.

Here are some of the media headlines that may have impacted Accern Sentiment’s analysis:

Denbury Resources (DNR) traded up 1.44% during mid-day trading on Friday, hitting $1.41. 5,534,067 shares of the company were exchanged. Denbury Resources has a 12-month low of $1.27 and a 12-month high of $4.29. The company’s market cap is $549.76 million. The stock’s 50 day moving average is $1.46 and its 200-day moving average is $2.15.

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, beating the Zacks’ consensus estimate of ($0.02) by $0.02. The company 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 business’s revenue was up 2.4% on a year-over-year basis. During the same period last year, the business earned $0.08 earnings per share. Equities research analysts predict that Denbury Resources will post $0.01 EPS for the current year.

Several research firms recently issued reports on DNR. UBS AG reaffirmed a “sell” rating and issued a $1.50 price target (down from $2.00) on shares of Denbury Resources in a report on Friday, May 5th. Zacks Investment Research cut shares of Denbury Resources from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 18th. BidaskClub cut shares of Denbury Resources from a “hold” rating to a “sell” rating in a report on Monday, July 24th. Credit Suisse Group reissued an “underperform” rating and set a $2.00 target price on shares of Denbury Resources in a report on Friday, June 2nd. Finally, BMO Capital Markets dropped their target price on shares of Denbury Resources from $2.00 to $1.00 and set a “no rating at time” rating on the stock in a report on Friday, July 14th. Five equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $2.66.

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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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