November 29, 2016 - By Adrian Mccoy · 0 Comments
Denbury Resources Inc (NYSE:DNR) institutional sentiment decreased to 1.28 in 2016 Q2. Its down -0.06, from 1.34 in 2016Q1. The ratio is negative, as 126 active investment managers increased and opened new positions, while 94 sold and reduced their stock positions in Denbury Resources Inc. The active investment managers in our partner’s database now have: 368.67 million shares, up from 316.01 million shares in 2016Q1. Also, the number of active investment managers holding Denbury Resources Inc in their top 10 positions increased from 2 to 4 for an increase of 2. Sold All: 33 Reduced: 61 Increased: 89 New Position: 37.
Denbury Resources Inc. is an independent oil and natural gas company. The company has a market cap of $1.12 billion. The Company’s activities are focused on two operating areas: the Gulf Coast and Rocky Mountain regions. It currently has negative earnings. The Company’s 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.
About 63,773 shares traded hands. Denbury Resources Inc. (NYSE:DNR) has declined 27.32% since April 26, 2016 and is downtrending. It has underperformed by 32.58% the S&P500.
Analysts await Denbury Resources Inc. (NYSE:DNR) to report earnings on February, 16. They expect $-0.03 earnings per share, down 200.00% or $0.02 from last year’s $-0.01 per share.
According to Zacks Investment Research, “Denbury Resources Inc. is oil and gas company engaged in the exploration, production and development of natural gas properties in the Gulf Coast region located in Mississippi, Texas, Louisiana, and Alabama. It also has properties primarily located in Montana, North Dakota, Utah, and Wyoming. Denbury Resources Inc is headquartered in Plano, Texas.”
Virtus Investment Advisers Inc. holds 18.37% of its portfolio in Denbury Resources Inc. for 3.33 million shares. Sailingstone Capital Partners Llc owns 42.42 million shares or 3.21% of their US portfolio. Moreover, Elm Ridge Management Llc has 2.91% invested in the company for 3.36 million shares. The Ontario – Canada-based Sprucegrove Investment Management Ltd has invested 1.76% in the stock. Venor Capital Management Lp, a New York-based fund reported 549,500 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 insider purchases, and 1 sale for $31,300 net activity.
Ratings analysis reveals 0 of Denbury Resources Inc.’s analysts are positive. Out of 10 Wall Street analysts rating Denbury Resources Inc., 0 give it “Buy”, 3 “Sell” rating, while 7 recommend “Hold”. The lowest target is $0.75 while the high is $8. The stock’s average target of $3.02 is 5.96% above today’s ($2.85) share price. DNR was included in 24 notes of analysts from July 22, 2015. On Tuesday, September 8 the stock rating was downgraded by Cowen & Co to “Market Perform”. The rating was downgraded by Credit Suisse on Tuesday, September 8 to “Underperform”. Stifel Nicolaus downgraded Denbury Resources Inc. (NYSE:DNR) on Friday, December 18 to “Sell” rating. Johnson Rice downgraded the shares of DNR in a report on Monday, February 22 to “Hold” rating. Mizuho initiated it with “Neutral” rating and $3 target price in Thursday, October 6 report. The company was downgraded on Wednesday, August 10 by Barclays Capital. Stifel Nicolaus upgraded Denbury Resources Inc. (NYSE:DNR) on Wednesday, June 15 to “Hold” rating. UBS maintained it with “Sell” rating and $2 target price in Friday, October 2 report. The firm has “Sector Perform” rating given on Monday, February 22 by RBC Capital Markets. KeyBanc Capital Markets initiated the shares of DNR in a report on Tuesday, April 26 with “Sector Perform” rating.
Denbury Resources Inc., incorporated on April 20, 1999, is an independent oil and natural gas company. The Company’s activities are focused on two operating areas: the Gulf Coast and Rocky Mountain regions. The Company’s 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. The Firm has estimated proved oil and natural gas reserves of approximately 288.6 million barrels of oil equivalent (MMBOE).
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By Adrian Mccoy