Denbury Resources Inc. (NYSE:DNR) – Equities researchers at KeyCorp lowered their FY2017 earnings estimates for shares of Denbury Resources in a report issued on Tuesday. KeyCorp analyst D. Deckelbaum now forecasts that the firm will earn $0.26 per share for the year, down from their prior forecast of $0.28.

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Earnings History and Estimates for Denbury Resources (NYSE:DNR)

Several other equities analysts have also recently weighed in on DNR. Nomura reiterated a “sell” rating and issued a $3.00 price target on shares of Denbury Resources in a research report on Monday, November 7th. Zacks Investment Research upgraded Denbury Resources from a “hold” rating to a “buy” rating and set a $3.00 price target for the company in a research report on Tuesday, November 8th. Three equities research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $2.69.

Shares of Denbury Resources (NYSE:DNR) traded down 2.896% during mid-day trading on Wednesday, reaching $3.185. The company had a trading volume of 3,530,222 shares. The firm’s 50-day moving average price is $3.61 and its 200 day moving average price is $3.23. Denbury Resources has a 52-week low of $0.89 and a 52-week high of $4.80. The company’s market cap is $1.24 billion.

A number of large investors have recently bought and sold shares of the stock. Mitsubishi UFJ Trust & Banking Corp raised its stake in Denbury Resources by 0.6% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 97,195 shares of the company’s stock valued at $314,000 after buying an additional 592 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in Denbury Resources by 2.0% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 32,390 shares of the company’s stock valued at $119,000 after buying an additional 632 shares in the last quarter. Federated Investors Inc. PA raised its stake in Denbury Resources by 0.3% in the fourth quarter. Federated Investors Inc. PA now owns 213,902 shares of the company’s stock valued at $787,000 after buying an additional 646 shares in the last quarter. Amalgamated Bank raised its stake in Denbury Resources by 2.0% in the second quarter. Amalgamated Bank now owns 40,571 shares of the company’s stock valued at $116,000 after buying an additional 783 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan raised its stake in Denbury Resources by 1.4% in the third quarter. Municipal Employees Retirement System of Michigan now owns 157,400 shares of the company’s stock valued at $508,000 after buying an additional 2,230 shares in the last quarter. 89.52% of the stock is owned by institutional investors.

This news story was published by Financial Market News and is owned by of Financial Market News. If you are reading this news story on another publication, it was illegally stolen and reposted in violation of U.S. and international copyright and trademark legislation. The original version of this news story can be accessed at http://www.financial-market-news.com/fy2017-eps-estimates-for-denbury-resources-inc-dnr-cut-by-keycorp/1321527/.

Denbury Resources Company Profile

Denbury Resources Inc is an independent oil and natural gas company. The Company’s operations are focused on 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.

5 Day Chart for NYSE:DNR

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