News stories about Denbury Resources (NYSE:DNR) have been trending somewhat positive recently, Accern Sentiment reports. The research firm identifies positive and negative news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Denbury Resources earned a news impact score of 0.14 on Accern’s scale. Accern also gave news articles about the oil and natural gas company an impact score of 46.1005912352809 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the news articles that may have effected Accern Sentiment Analysis’s analysis:
Denbury Resources stock opened at $2.96 on Tuesday. The stock has a market cap of $1,185.66, a P/E ratio of 21.07 and a beta of 3.13. Denbury Resources has a 52 week low of $0.92 and a 52 week high of $3.23. The company has a debt-to-equity ratio of 4.60, a current ratio of 0.44 and a quick ratio of 0.44.
Denbury Resources (NYSE:DNR) last posted its quarterly earnings data on Thursday, February 22nd. The oil and natural gas company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.05. The firm had revenue of $321.00 million during the quarter, compared to analysts’ expectations of $310.27 million. Denbury Resources had a return on equity of 10.20% and a net margin of 14.44%. The firm’s quarterly revenue was up 20.7% compared to the same quarter last year. During the same quarter last year, the business posted ($0.02) EPS. sell-side analysts forecast that Denbury Resources will post 0.45 earnings per share for the current year.
A number of analysts recently commented on DNR shares. Zacks Investment Research upgraded Denbury Resources from a “hold” rating to a “strong-buy” rating and set a $2.50 price objective for the company in a research report on Tuesday, January 9th. Royal Bank of Canada reiterated a “hold” rating and set a $2.00 price objective on shares of Denbury Resources in a research report on Wednesday, December 20th. Mizuho upgraded Denbury Resources from a “neutral” rating to a “buy” rating in a research report on Tuesday, January 16th. ValuEngine cut Denbury Resources from a “hold” rating to a “sell” rating in a research report on Sunday, December 31st. Finally, UBS started coverage on Denbury Resources in a research report on Wednesday, March 7th. They set a “neutral” rating and a $2.50 price objective for the company. 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 stock currently has a consensus rating of “Hold” and a consensus price target of $1.82.
In other Denbury Resources news, Director Laura A. Sugg sold 12,500 shares of Denbury Resources stock in a transaction dated Tuesday, April 10th. The stock was sold at an average price of $3.00, for a total value of $37,500.00. Following the completion of the sale, the director now owns 140,841 shares in the company, valued at approximately $422,523. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.20% of the stock is owned by insiders.
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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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