Headlines about Denbury Resources (NYSE:DNR) have trended somewhat positive recently, Accern reports. Accern ranks the sentiment of news coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Denbury Resources earned a daily sentiment score of 0.16 on Accern’s scale. Accern also assigned news headlines about the oil and natural gas company an impact score of 45.1757471681648 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the headlines that may have impacted Accern’s scoring:
- FY2017 Earnings Estimate for Denbury Resources Inc. (DNR) Issued By Capital One Financial Corporation (americanbankingnews.com)
- Challenges And Opportunities For Denbury Resources Inc. (DNR), AmTrust Financial Services, Inc. (AFSI) – AllStockNews (allstocknews.com)
- Denbury Restarts 90% Production as Harvey Makes an Exit – Nasdaq (nasdaq.com)
- Denbury Resources Inc. (NYSE:DNR) Stock Traded -12.7% Below Its 50 Day Moving Average – Modern Readers (modernreaders.com)
DNR has been the subject of several research analyst reports. ValuEngine downgraded Denbury Resources from a “hold” rating to a “sell” rating in a research note on Friday, June 2nd. Stifel Nicolaus reiterated a “hold” rating and set a $2.50 target price on shares of Denbury Resources in a research note on Friday, July 14th. BidaskClub downgraded Denbury Resources from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 24th. BMO Capital Markets reiterated a “hold” rating and set a $1.00 target price on shares of Denbury Resources in a research note on Friday, September 1st. Finally, Credit Suisse Group reiterated an “underperform” rating and set a $2.00 target price on shares of Denbury Resources in a research note on Friday, June 2nd. Five research analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $2.42.
Denbury Resources (NYSE:DNR) traded up 0.94% during mid-day trading on Tuesday, reaching $1.07. The company had a trading volume of 6,058,164 shares. The company’s market capitalization is $417.20 million. Denbury Resources has a 12-month low of $0.91 and a 12-month high of $4.29. The stock has a 50-day moving average of $1.24 and a 200 day moving average of $1.79.
Denbury Resources (NYSE:DNR) last released its earnings results on Tuesday, August 8th. The oil and natural gas company reported $0.00 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.02) by $0.02. Denbury Resources had a negative return on equity of 1.94% and a negative net margin of 35.24%. The business had revenue of $261.20 million during the quarter, compared to the consensus estimate of $248.66 million. During the same period last year, the business posted $0.08 earnings per share. The business’s revenue for the quarter was up 2.4% on a year-over-year basis. On average, analysts expect that Denbury Resources will post $0.02 EPS for the current year.
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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