BMO Capital Markets set a $1.00 price objective on Denbury Resources Inc. (NYSE:DNR) in a research note released on Tuesday. The firm currently has a hold rating on the oil and natural gas company’s stock.
DNR has been the topic of a number of other reports. Zacks Investment Research upgraded Denbury Resources from a sell rating to a hold rating in a report on Monday, August 14th. Stifel Nicolaus reiterated a hold rating and set a $2.50 price target on shares of Denbury Resources in a report on Friday, July 14th. BidaskClub upgraded Denbury Resources from a sell rating to a hold rating in a report on Wednesday, August 2nd. ValuEngine lowered Denbury Resources from a sell rating to a strong sell rating in a report on Friday, July 28th. Finally, Royal Bank Of Canada set a $2.00 price target on Denbury Resources and gave the stock a hold rating in a report on Friday, August 25th. Five investment analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus target price of $2.06.
Denbury Resources (NYSE:DNR) last issued its quarterly earnings results on Tuesday, August 8th. The oil and natural gas company reported $0.00 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.02) by $0.02. The business had revenue of $261.20 million for the quarter, compared to analyst estimates of $248.66 million. Denbury Resources had a negative return on equity of 1.94% and a negative net margin of 35.24%. Denbury Resources’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same period last year, the company posted $0.08 earnings per share.
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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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