RBC Capital Reiterates Their Hold Rating on Denbury Resources

By Austin Angelo

In a report issued on July 9, Scott Hanold from RBC Capital reiterated a Hold rating on Denbury Resources (NYSE: DNR), with a price target of $5. The company’s shares closed yesterday at $4.97, close to its 52-week high of $5.56.

According to TipRanks.com, Hanold is a 4-star analyst with an average return of 4.2% and a 49.3% success rate. Hanold covers the Basic Materials sector, focusing on stocks such as Centennial Resource Development Inc, Contango Oil & Gas Company, and Continental Resources.

Denbury Resources has an analyst consensus of Hold, with a price target consensus of $4.33.

See today’s analyst top recommended stocks >>

Based on Denbury Resources’ latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $39.58 million. In comparison, last year the company had a net profit of $14.4 million.

Based on the recent corporate insider activity of 31 insiders, corporate insider sentiment is negative on the stock.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Denbury Resources, Inc. is an independent oil and natural gas company. Its activities include exploitation, drilling, and extraction. It operates in the Gulf Coast and Rocky Mountain regions. The company was founded by Gareth G. Roberts in 1951 and is headquartered in Plano, TX.