Denbury Resources Inc. (NYSE:DNR) has received an average recommendation of “Hold” from the ten ratings firms that are currently covering the stock, Marketbeat reports. Two analysts have rated the stock with a sell recommendation and six have assigned a hold recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $2.25.

A number of research analysts have recently commented on the stock. Imperial Capital set a $1.00 price objective on shares of Denbury Resources and gave the company a “hold” rating in a research report on Friday, October 18th. ValuEngine raised shares of Denbury Resources from a “strong sell” rating to a “sell” rating in a research report on Wednesday, October 2nd. Finally, Royal Bank of Canada set a $2.00 price objective on shares of Denbury Resources and gave the company a “hold” rating in a research report on Monday, August 12th.

Shares of DNR traded down $0.02 during trading hours on Friday, reaching $1.04. 7,361,971 shares of the company traded hands, compared to its average volume of 12,813,828. The stock’s fifty day moving average is $1.08 and its 200 day moving average is $1.27. The stock has a market cap of $512.26 million, a P/E ratio of 2.17 and a beta of 3.38. The company has a debt-to-equity ratio of 1.82, a quick ratio of 0.58 and a current ratio of 0.68. Denbury Resources has a 1-year low of $0.87 and a 1-year high of $2.68.

Denbury Resources (NYSE:DNR) last announced its quarterly earnings data on Thursday, November 7th. The oil and natural gas company reported $0.08 EPS for the quarter, beating the Zacks’ consensus estimate of $0.07 by $0.01. The business had revenue of $315.45 million during the quarter, compared to analyst estimates of $307.85 million. Denbury Resources had a net margin of 28.28% and a return on equity of 15.74%. The firm’s revenue for the quarter was down 20.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.13 earnings per share. On average, equities research analysts predict that Denbury Resources will post 0.41 EPS for the current year.

A number of hedge funds and other institutional investors have recently bought and sold shares of DNR. Supplemental Annuity Collective Trust of NJ bought a new stake in Denbury Resources in the second quarter valued at about $124,000. New Jersey Better Educational Savings Trust bought a new stake in Denbury Resources in the second quarter valued at about $161,000. Callahan Advisors LLC increased its stake in Denbury Resources by 32.3% in the second quarter. Callahan Advisors LLC now owns 63,500 shares of the oil and natural gas company’s stock valued at $79,000 after acquiring an additional 15,500 shares during the period. State of New Jersey Common Pension Fund D increased its stake in Denbury Resources by 1,307.2% in the second quarter. State of New Jersey Common Pension Fund D now owns 5,167,209 shares of the oil and natural gas company’s stock valued at $6,407,000 after acquiring an additional 4,800,000 shares during the period. Finally, NJ State Employees Deferred Compensation Plan increased its stake in Denbury Resources by 140.0% in the second quarter. NJ State Employees Deferred Compensation Plan now owns 240,000 shares of the oil and natural gas company’s stock valued at $298,000 after acquiring an additional 140,000 shares during the period. 71.00% of the stock is currently owned by institutional investors and hedge funds.

About Denbury Resources

Denbury Resources Inc operates as an independent oil and natural gas company in the United States. It holds interests in various oil and natural gas properties located in Mississippi, Texas, Louisiana, and Alabama in the Gulf Coast region; and in Montana, North Dakota, and Wyoming in the Rocky Mountain region.

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Analyst Recommendations for Denbury Resources (NYSE:DNR)

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