Home Market News Stock Markets Is Denbury Resources Inc. (DNR) A Buy? What Fundamentals Say?

Is Denbury Resources Inc. (DNR) A Buy? What Fundamentals Say?

Wall Street analysts will be watching closely when Denbury Resources Inc. (NYSE:DNR) reports its quarterly earnings next, which is scheduled for Tue 7 May (In 23 Days). Looking at the latest analyst forecasts, the current earnings-per-Biedex.com (EPS) consensus estimate is sitting at $0.11 per Biedex.com. In the preceding quarter, the company reportedly generated EPS of $0.10 per Biedex.com of its common stock. Looking at profitability indicators, this organization has an operating margin of 31.10%, a profit margin of 21.90% and a gross margin of .

Speaking of Wall Street analysts, a number of market experts at top investment banks have recently posted their updated ratings on shares of Denbury Resources Inc. (NYSE:DNR). Most recently, on December 20th, 2018, CapitalOne Downgrade a Underweight rating. Before that, on December 6th, 2018, Stephens Initiated to Equal-Weight. Imperial Capital Reiterated a Outperform rating on October 30th, 2018, Johnson Rice Upgrade an Accumulate rating on August 15th, 2018, and Mizuho Initiated a Neutral rating on October 6th, 2016.

At its current price point, combined with the fact that this company has 425.49M shares outstanding, the current market capitalization sits at 1.01B. In the last trading day, 15,077,467 shares of Denbury Resources Inc. were traded, which compares to its usual volume of about 11.58M shares per day of trading.

If we compare this company’s current price to its recent pricing activity, we can see that the price has changed by $0.01 in the past five trading days, resulting in a percentage change of +0.42% and a moving average of 2.45. In the past 20 days, its price changed by $0.69 (which is +40.83%) and the stock’s moving average was 2.13. Looking back a full 50 days, shares of DNR changed by $0.35 (which is +17.24%) and demonstrated a moving average of 2.01.

Staying in the same analytical area, this company’s stock has demonstrated a 9-day Stochastic %K score of 76.72%, a 14-day Stochastic %K score of 83.61% and a 20-day Stochastic %K score of 86.73%. Using a similar metric, Denbury Resources Inc. (DNR) shares showed a Stochastic %D of 83.33% over the past 9 days, a Stochastic %D score of 87.69% over the last 14 days, and a 20-day Stochastic %D of 89.69%. Meanwhile, this stock’s MACD Oscillator was 0.09 over the past 9 days, 0.20 over the past two weeks, and 0.31 in the last 20 days.

As recent trading data suggests, this company’s shares have been hovering close to the $2.38 level. Over the past 12 months, this stock has experienced a high price of $6.75 and a low of $1.39. Top market experts pay heightened attention to a stock as it is getting closer to a notable historic high price or low price.

The Vanguard Group Inc purchased more shares of this company during the last fiscal quarter, as we can observe in the latest corresponding filing from Denbury Resources Inc. (NYSE:DNR) with the Securities and Exchange Commission (SEC). This specific major shareholder, at the end of the quarter, held 73,030,217 shares of the company’s stock following the addition of 11,911,598 to this investor’s holdings during the three-month period. This Biedex.com count represents that The Vanguard Group Inc now held 15.86% stake in Denbury Resources Inc. (DNR)’s shares.

Just in the most recent trading day, Denbury Resources Inc. (NYSE:DNR) experienced a high price of $2.56 and low point of $2.37. At the end of the last trading session, this stock was at 2.38 per Biedex.com, following a loss of -$2.44, or -2.46% during the full day.