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Price Target Estimates: Denbury Resources Inc. (DNR)

19 Juin 2017

The company's quick ratio for most recent quarter is 0.5 along with current ratio for most recent quarter of 0.5. The company has its outstanding shares of 398.34 million. BNP Paribas Arbitrage SA's holdings in Denbury Resources were worth $270,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. The business had revenue of $264 million for the quarter, compared to analysts' expectations of $254.67 million.

SVP, General Counsel & Sec'y, Matthews James S., sold 6,000 common shares of Denbury Resources Inc. Two Sigma Investments LP now owns 488,470 shares of the oil and natural gas company's stock valued at $1,798,000 after buying an additional 14,737 shares during the last quarter. Denbury Resources Inc. (NYSE:DNR) earnings have declined with a quarterly rate of -15.8% over the last 5 years. The fund owned 556,369 shares of the oil and natural gas company's stock after buying an additional 322,290 shares during the period. Capstone Asset Management Co. raised its position in Denbury Resources by 195.5% in the first quarter. Finally, Virginia Retirement Systems ET AL boosted its position in shares of Denbury Resources by 29.4% in the first quarter. Price to sales ratio was 0.57 while 94.50% of stock was owned by Institutional investors.

General Mills, Inc. (NYSE:GIS) stock reached a 1-year peak price of $72.95. The company had a trading volume of 5,528,569 shares. The stock's current distance from 20-Day Simple Moving Average (SMA20) is -12.53% where SMA50 and SMA200 are -27.88% and -50.23% respectively. Mutual Of America Limited Liability Corp invested 0.02% of its portfolio in Denbury Resources Inc.

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Denbury Resources (NYSE:DNR) last announced its earnings results on Thursday, May 4th. The company's revenue was up 35.5% compared to the same quarter previous year. Equities analysts forecast that Denbury Resources Inc. will post $0.13 earnings per share for the current year. The company's revenue for the quarter was up 35.5% compared to the same quarter past year. Denbury Resources Inc. has a 52 week low of $1.35 and a 52 week high of $4.70. Mizuho initiated Denbury Resources Inc.

For passive investors (long-term) earning per shares and its growth is most valuable indicator for investment, as DNR has EPS growth of 79.20% for this year, while STNG EPS growth standing at -114.20%for this year. If you are viewing this news story on another domain, it was illegally copied and republished in violation of US and worldwide copyright & trademark laws. The original version of this report can be read at https://www.chaffeybreeze.com/2017/06/17/proshare-advisors-llc-sells-56629-shares-of-denbury-resources-inc-dnr-updated.html.

A number of research analysts have recently weighed in on the company. KLR Group reaffirmed a "buy" rating and issued a $5.00 price target on shares of Denbury Resources in a research note on Wednesday, March 15th. Finally, Credit Suisse Group restated an "underperform" rating and set a $2.00 price objective on shares of Denbury Resources in a report on Friday, June 2nd. Consensus earnings estimates are far from ideal, but they are watched by many investors and play an important role in measuring the appropriate valuation for a stock. 16,000 shares were sold by McMichael Greg, worth $35,696. UBS maintained the shares of DNR in report on Friday, October 2 with "Sell" rating. Following the completion of the sale, the director now directly 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 through this hyperlink. Stock's twelve month price oscillated between $4.70 and $1.35.

The company has been one of the biggest innovators in "Independent Oil & Gas" employing approximately 1061 full time employees.