Published: Fri, July 14, 2017
Hi-Tech | By Ellis Neal

Denbury Resources Inc. (NYSE:DNR) Bonds Drop 4.8% During Trading

(NYSE:DNR) has "Underweight" rating given on Wednesday, August 10 by Barclays Capital. 5721523 shares were traded on Denbury Resources Inc.'s last session. Price moves in a company's debt in credit markets sometimes predict parallel moves in its stock price.

In order to reach an opinion and communicate the value and volatility of a covered security, analysts research public financial statements, listen in on conference calls and talk to managers and the customers of a company, typically in an attempt to capture the findings for a research report. KLR Group reiterated a "buy" recommendation and given a $5.00 target price on stock of Denbury Resources in a note on Wed, Mar 15th.

On the other hand Denbury Resources (NYSE:DNR) has Relative Strength Index (RSI 14) of 49.69 along with Average True Range (ATR 14) of 0.12. ValuEngine downgraded Denbury Resources from a "hold" rating to a "sell" rating in a research report on Friday, June 2nd. (NYSE:DNR) latest ratings and price target changes. Denbury Resources Inc. has a 1-year low of $1.27 and a 1-year high of $4.29. (NYSE:DNR) earned "Sector Perform" rating by KeyBanc Capital Markets on Tuesday, April 26. The firm's market cap is $545.16 million. However the price at the close of last session was -5.16% lower than its 50-day moving average and -42.38% under its 200-day moving average. For the outlook of the current financial quarter, Analysts think the firm will post 0.00 earnings per share. Also, the number of institutional investors holding Denbury Resources Inc in their top 10 holdings was flat from 2 to 2 for the same number. The high and low revenue estimates for the current quarter are $335.25 Million and $283.61 Million, respectively.

Weighted Alpha is used to calculate how much a share has gone up or down over a certain period, normally a year.

A look at some of the inputs to technical analysis model shows how Denbury Resources Inc. current price compares to its recent moving averages. Analysts forecast that Denbury Resources Inc. will post $0.09 EPS for the current year. Vanguard Group Inc. boosted its stake in shares of Denbury Resources by 18.3% in the first quarter. Over the last three months, the shares of the company have changed 3.34% and performed 22.21% over the last six months. FMR raised its position in Denbury Resources by 0.7% in the Q4. Federated Investors Inc. PA now owns 213,902 shares of the oil and natural gas company's stock worth $787,000 after buying an additional 646 shares in the last quarter. Tudor Investment Corp ET AL bought a new position in shares of Denbury Resources during the first quarter valued at approximately $140,000. Thrivent Financial for Lutherans now owns 67,910 shares of the oil and natural gas company's stock worth $250,000 after buying an additional 5,760 shares in the last quarter. (DNR) has an Analysts' Mean Recommendation of 3.2, according to data compiled by Finviz. Virginia Retirement Systems ET AL increased its stake in shares of Denbury Resources by 29.4% in the first quarter. FMR LLC now owns 17,364,762 shares of the oil and natural gas company's stock worth $63,902,000 after buying an additional 128,239 shares during the period. Hedge funds and other institutional investors own 91.08% of the company's stock. Zacks' sales calculations are an average based on a survey of sell-side analysts that cover Denbury Resources. If you are reading this story on another publication, it was copied illegally and republished in violation of US and worldwide copyright laws.

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