Somewhat Positive News Coverage Somewhat Likely to Impact Denbury Resources (DNR) Share Price
News articles about Denbury Resources (NYSE:DNR) have been trending somewhat positive recently, Accern reports. Accern identifies positive and negative press coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of 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 0.07 on Accern’s scale. Accern also assigned news stories about the oil and natural gas company an impact score of 53 out of 100, meaning that recent press coverage is somewhat likely to have an effect on the company’s share price in the next few days.
Here are some of the news stories that may have impacted Accern Sentiment’s analysis:
- Denbury Resources Inc. (DNR) Given Consensus Rating of “Hold” by Analysts (americanbankingnews.com)
- Comprehensive Stock Analysis Of Denbury Resources Inc. (DNR) (ibusinesslines.com)
- Denbury Resources Inc. Common S (DNR) Trades at New 52-Week High (ismboard.com)
- Denbury Resources Inc. (DNR) Bond Prices Fall 4.8% (leisuretravelaid.com)
- Denbury Resources Inc. (DNR) Expected to Announce Quarterly Sales of $255.18 Million (americanbankingnews.com)
A number of equities research analysts have recently commented on the stock. KLR Group reaffirmed a “buy” rating and set a $5.00 price objective on shares of Denbury Resources in a research note on Wednesday, March 15th. Credit Suisse Group reaffirmed an “underperform” rating and set a $2.00 price objective on shares of Denbury Resources in a research note on Friday, June 2nd. Zacks Investment Research cut shares of Denbury Resources from a “buy” rating to a “hold” rating in a research note on Wednesday, March 8th. Finally, ValuEngine cut shares of Denbury Resources from a “hold” rating to a “sell” rating in a research note on Friday, June 2nd. Four research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $3.13.
Denbury Resources (NYSE:DNR) traded up 7.41% during midday trading on Friday, reaching $1.45. 16,537,075 shares of the company were exchanged. The company’s market capitalization is $564.63 million. Denbury Resources has a 52-week low of $1.30 and a 52-week high of $4.70. The company has a 50 day moving average of $1.69 and a 200-day moving average of $2.73.
Denbury Resources (NYSE:DNR) last announced its quarterly earnings data 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. Denbury Resources had a positive return on equity of 2.49% and a negative net margin of 72.85%. The business had revenue of $264 million for the quarter, compared to analyst estimates of $254.67 million. During the same period in the prior year, the company earned ($0.03) EPS. The company’s revenue was up 35.5% on a year-over-year basis. On average, equities research analysts anticipate that Denbury Resources will post $0.11 earnings per share for the current fiscal year.
In related news, Director Greg Mcmichael sold 16,000 shares of the company’s stock in a transaction on Monday, March 27th. The stock was sold at an average price of $2.23, for a total transaction of $35,680.00. Following the transaction, the director now owns 73,379 shares of the company’s stock, valued at $163,635.17. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.20% of the company’s stock.
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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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