Weekly Analysts’ Ratings Changes for Denbury Resources (DNR)

A number of firms have modified their ratings and price targets on shares of Denbury Resources (NYSE: DNR) recently:

  • 7/24/2017 – Denbury Resources was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 7/18/2017 – Denbury Resources was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong sell” rating. According to Zacks, “Denbury’s total proved reserve – majority of which is oil – has been decreasing steadily over the last two years. Since 2014, estimated reserves fell over 40%, which is a matter of concern. Declining reserves raise questions over the company’s production capabilities which might hurt cashflow for shareholders. Moreover, Denbury’s cash balances have been on the decline since 2015, making the current low of $2 million as of Mar 31, 2017.  Long-term debt stands at almost $3 billion, signifying weak financials. Also, since the beginning of 2013, there has been a steady decline in cashflow from the company’s core operations. Weak businesses following persistently low oil and natural gas prices have compelled the company to suspend dividend payment since the beginning of the fourth quarter of 2015.”
  • 7/14/2017 – Denbury Resources had its price target lowered by analysts at BMO Capital Markets from $2.00 to $1.00. They now have a “no rating at time” rating on the stock.
  • 7/14/2017 – Denbury Resources had its “hold” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $2.50 price target on the stock.
  • 6/2/2017 – Denbury Resources had its “underperform” rating reaffirmed by analysts at Credit Suisse Group. They now have a $2.00 price target on the stock.
  • 6/2/2017 – Denbury Resources was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.

Shares of Denbury Resources Inc. (NYSE:DNR) traded up 5.000% during mid-day trading on Tuesday, reaching $1.365. The company had a trading volume of 3,408,019 shares. The stock’s market capitalization is $531.53 million. The firm’s 50 day moving average is $1.48 and its 200-day moving average is $2.34. Denbury Resources Inc. has a 12-month low of $1.27 and a 12-month high of $4.29.

Denbury Resources (NYSE:DNR) last announced its earnings results on Thursday, May 4th. The oil and natural gas company reported ($0.02) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.01) by $0.01. The firm had revenue of $264 million for the quarter, compared to the consensus estimate of $254.67 million. Denbury Resources had a positive return on equity of 2.49% and a negative net margin of 72.85%. Denbury Resources’s revenue for the quarter was up 35.5% on a year-over-year basis. During the same quarter last year, the business posted ($0.03) EPS. On average, analysts expect that Denbury Resources Inc. will post $0.04 earnings per share for the current fiscal year.

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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