Media stories about Denbury Resources (NYSE:DNR) have been trending somewhat positive on Saturday, Accern Sentiment reports. The research group identifies negative and positive press coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Denbury Resources earned a news impact score of 0.15 on Accern’s scale. Accern also assigned headlines about the oil and natural gas company an impact score of 46.1964528897815 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the news headlines that may have effected Accern’s scoring:
NYSE DNR opened at $2.78 on Friday. Denbury Resources has a 1-year low of $0.92 and a 1-year high of $2.89. The company has a debt-to-equity ratio of 4.60, a current ratio of 0.44 and a quick ratio of 0.44. The stock has a market capitalization of $1,089.20, a PE ratio of 19.86 and a beta of 3.15.
Denbury Resources (NYSE:DNR) last released its quarterly earnings results on Thursday, February 22nd. The oil and natural gas company reported $0.12 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.05. The business had revenue of $321.00 million during the quarter, compared to analyst estimates of $310.27 million. Denbury Resources had a return on equity of 10.20% and a net margin of 14.44%. Denbury Resources’s quarterly revenue was up 20.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.02) EPS. equities research analysts forecast that Denbury Resources will post 0.44 earnings per share for the current year.
A number of equities research analysts have recently weighed in on DNR shares. Zacks Investment Research raised Denbury Resources from a “hold” rating to a “buy” rating and set a $2.25 target price for the company in a research note on Wednesday, February 7th. Mizuho raised Denbury Resources from a “neutral” rating to a “buy” rating in a research note on Tuesday, January 16th. Royal Bank of Canada reissued a “hold” rating and issued a $2.00 target price on shares of Denbury Resources in a research note on Wednesday, December 20th. UBS started coverage on Denbury Resources in a research note on Wednesday, March 7th. They issued a “neutral” rating and a $2.50 target price for the company. Finally, ValuEngine lowered Denbury Resources from a “hold” rating to a “sell” rating in a research note on Sunday, December 31st. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $1.82.
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Denbury Resources Company Profile
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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