The Denbury Resources Inc. (NYSE:DNR) is going up by 0.64% in today’s trading session, a fall equivalent to 0.0% of the stock’s price from yesterday’s market close. A news came out on 08/07/19 stating that Denbury Resources Reports Second Quarter 2019 Results, Achieves Record Production Volumes at Bell Creek by WSJ. The lowest point that the shares touched during the trading session was $0.93, while the peak of the day was recorded at a share price of $1.06. DNR finished the previous session at $0.97 according to the data provided by Barchart, while the trading volume was observed to be $2,893,007.
In the 100 days of trading, DNR managed to top a 1.59% Moving average. Additionally, Denbury Resources Inc. shares have achieved a 52-week range between 0.87 and 6.75 alongside 100 days raw stochastic set at 5.85%.
The number of shares outstanding, according to the fundamentals of the company, is set at 483.59M, equal to the value of $467.58M in market capitalization. Financial analysts indicate that DNR shares should be still ranked as a “Hold”. In the last 30 days, Denbury Resources Inc. shares went down by -22.94%, adding 1.26 to growth in value, on top of a +12.25% boost since 07/15/19.
Denbury Resources Inc. (NYSE:DNR) Analyst’s Estimates
Denbury Resources Inc. (DNR) could record at least $0.09 per share in quarterly earnings in the upcoming report on 11/11/2019, a number that would actually represent a decrease of -2.40% YOY.
According to the average analyst rating, Denbury Resources Inc. would be rated as 3.00. Out of 10 different analysts monitoring DNR stock, 0 analysts rate the stock as a BUY, 8 suggest to give the rating of HOLD, 1 indicate that DNR is an OUTPERFORM, 0 rated the stock as a SELL, and 1 analyst believes that the stock should be rated as UNDERPERFORM.
On Dec-20-18, the stock earned a Downgrade rating due to a new analyst call from CapitalOne, while analysts from Stephens believe that the stock is set at Equal-Weight, as concluded on Dec-06-18. Imperial Capital, is still rather wary about the stock, deciding to keep the rating at Outperform as confirmed through a call on Oct-30-18.
Mizuho, on the other hand, provided a rather enthusiastic opinion on the rating, concluded in an analyst call on Oct-06-16, giving the stock a Neutral rating.
DNR Key Ratios To Watch:
Taking in account the profitability of the Company, gross profit margin of +47.79% has been attained, while the operating margin has been recorded at +35.67%. The firm is also showcasing profitability through returns on assets in the company’s ownership, with ROA set at 6.68%. Beta value of the stock is recorded at 3.38. Additionally, Denbury Resources Inc. is recording price volatility of 11.02% for the period of the last seven days and 8.92% in the last 30 days.
Denbury Resources Inc. (NYSE:DNR) Technical Outlook
For the period of the last 50 days, Denbury Resources Inc. had its Raw Stochastic average set at 18.43% for the latest technical analysis. In comparison to the period of the last 20 days, the present Raw Stochastic average for the last 50 days poses as improvement, set at 28.27%. Stochastic %K for Denbury Resources Inc., with the last 20 days included, was set at 32.26%, having Stochastic %D topping 36.79%. Based on the previous performance of the company for the mentioned period, there are more than several recorded moving trends. When it comes to the period of the last 12 months, accounting the time for year-to-date, price performance appears to be discouraging for Denbury Resources Inc. stocks with recording -78.89% in metrics.
Denbury Resources Inc. Insider Watch:
As far as the position of shares issued by Denbury Resources Inc. (NYSE:DNR) for the period concluded at the market close of 08/14/19, 101 institutional investors increased their positions in DNR shares by 35,750,642, 119 decreased positions by 54,271,420 and 49 institutional investors decided to hold positions at 267,076,986. These numbers put the complete list of institutional holdings set at 357,099,048 shares, in accordance with filings submitted to the Securities and Exchange Commission. The stock had another 23 institutional investments with 997,773 new shares in addition to having 42 institutional investors selling their positions in 19,498,898 shares.