A statement released earlier today by Mizuho Securities about Denbury Resources (NYSE:DNR) bumps the target price to $3.00
- Updated: October 5, 2016
Having a price of $3.25, Denbury Resources (NYSE:DNR) traded 2.52% higher on the day. With the last close down -2.73% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same period. Denbury Resources has recorded a 50-day average of $3.04 and a two hundred day average of $3.34. Volume of trade was down over the average, with 10,306,674 shares of DNR changing hands under the typical 10,675,500
Stating a potential downside of -0.08%, Mizuho Securities upped the price target of Denbury Resources (NYSE:DNR) to $3.00
With a total market value of $0, Denbury Resources has with a one year low of $0.86 and a one year high of $4.80 .
A total of 14 analysts have released a research note on Denbury Resources. One analyst rating the company a strong buy, one analyst rating the company a buy, ten analysts rating the company a hold, six analysts rating the company a underperform, and finally one analyst rating the company a sell with a 12-month price target of $2.21.
More About Denbury Resources (NYSE:DNR)
Denbury Resources Inc. is an independent oil and natural gas company. The Company's operations are focused on two operating areas: the Gulf Coast and Rocky Mountain regions. Its properties with proved and producing reserves in the Gulf Coast region are situated in Mississippi, Texas, Louisiana and Alabama, and in the Rocky Mountain region are situated in Montana, North Dakota and Wyoming. It has estimated proved oil and natural gas reserves of over 288.6 million barrels of oil equivalent (MMBOE). Its primary Gulf Coast carbon dioxide (CO2) source is Jackson Dome, which is located near Jackson, Mississippi. Its mature group of properties includes the initial CO2 field, Little Creek, as well as various other fields, including Brookhaven, Cranfield, Eucutta, Lockhart Crossing, Mallalieu, Martinville, McComb and Soso fields. Its LaBarge Field is located in southwestern Wyoming. It holds interest in LaBarge Field, which consists of over 1.2 trillion cubic feet of proved CO2 reserves.
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