The Denbury Resources Inc. (NYSE:DNR) is going down by -1.44% in today’s trading session, a fall equivalent to -0.02% of the stock’s price from yesterday’s market close. A news came out on 11/07/19 stating that Denbury Resources Reports Third Quarter 2019 Results by WSJ. The lowest point that the shares touched during the trading session was $1.02, while the peak of the day was recorded at a share price of $1.06. DNR finished the previous session at $1.04 according to the data provided by Barchart, while the trading volume was observed to be $2565033.
In the 100 days of trading, DNR managed to top a 1.12% Moving average. Additionally, Denbury Resources Inc. shares have achieved a 52-week range between 0.87 and 2.68 alongside 100 days raw stochastic set at 20.81%.
The number of shares outstanding, according to the fundamentals of the company, is set at 483.30M, equal to the value of $502.63M in market capitalization. In the last 30 days, Denbury Resources Inc. shares went down by -9.73%, adding 1.13 to growth in value, on top of a +5.10% boost since 10/18/19.
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 02/25/2020, a number that would actually represent an increase of 0.30 YOY.
According to the average analyst rating, Denbury Resources Inc. would be rated as Hold. Out of 11 different analysts monitoring DNR stock, 1 analysts rate the stock as a BUY, 9 suggest to give the rating of HOLD, 0 indicate that DNR is an OVERWEIGHT, 0 rated the stock as a SELL, and 1 analyst believes that the stock should be rated as UNDERWEIGHT.
On December 20, 2018, 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 December 06, 2018. Imperial Capital, is still rather wary about the stock, deciding to keep the rating at Outperform as confirmed through a call on October 30, 2018.
Mizuho, on the other hand, provided a rather enthusiastic opinion on the rating, concluded in an analyst call on October 06, 2016, 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 3.49. Additionally, Denbury Resources Inc. is recording price volatility of 4.82% for the period of the last seven days and 6.09% 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 7.74% 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 31.03%. Stochastic %K for Denbury Resources Inc., with the last 20 days included, was set at 43.57%, having Stochastic %D topping 51.24%. 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 -39.18% in metrics.
Denbury Resources Inc. Insider Watch:
Similarly, 92.42% of the company’s float is held by institutions – and there are 335 institutions in total holding shares of this company. The top three institutional holders of DNR stocks are: Blackrock Inc. with ownership of $83.12 million, which is approximately 69845749 of the company’s shares; Vanguard Group, Inc. (The), holding 67629815 shares of the stock with an approximate value of $80.48 million; and State Street Corporation, currently with more than 24521487 shares of the company valued at $29.18 million. Positions in Denbury Resources Inc. stocks held by institutional investors has been changing actively in the past six months, a period during which there were 12 insider purchases amounting to 2018940 shares. Similarly, there were 1 sale transactions amounting to 20000 shares, with the net shares purchased during the last six months reaching 1,998,940.