Nomura Holdings Reiterates a Sell Rating on Denbury ResourcesBy Austin Angelo
According to TipRanks.com, Byrne is a 4-star analyst with an average return of 8.6% and a 62.0% success rate. Byrne covers the Basic Materials sector, focusing on stocks such as Diamond Offshore Drilling, Parker Drilling Company, and Whiting Petroleum Corp.
Denbury Resources has an analyst consensus of Moderate Sell, with a price target consensus of $2.75.
Based on Denbury Resources’ latest earnings report from June 30, the company posted quarterly revenue of $253.3M and quarterly net profit of -$380.7M. In comparison, last year the company earned revenue of $299.5M and had a net profit of -$2.24B.
Based on the recent corporate insider activity of 34 insiders, corporate insider sentiment is neutral on the stock. Most recently, in August 2016, Greg Mcmichael, a Director at DNR sold 10,000 shares for a total of $31,300.
Denbury Resources, Inc. engages in oil and natural gas industry. Its activities include exploitation, drilling and extraction. The company operates in the Gulf Coast and Rocky Mountain regions. Denbury Resources was founded by Gareth G. Roberts in 1951 and is headquartered in Plano, TX.