BMO Capital analyst Phillip Jungwirth reiterated a Hold rating on Denbury Resources (DNR) on November 12 and set a price target of $5. The company’s shares closed yesterday at $2.60.
According to TipRanks.com, Jungwirth is a 3-star analyst with an average return of 2.1% and a 46.4% success rate. Jungwirth covers the Basic Materials sector, focusing on stocks such as Centennial Resource Development Inc, Continental Resources, and Anadarko Petroleum.
Currently, the analyst consensus on Denbury Resources is a Moderate Buy with an average price target of $4.50, a 73.1% upside from current levels. In a report issued on October 30, RBC Capital also maintained a Hold rating on the stock with a $5 price target.
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Based on Denbury Resources’ latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $78.42 million. In comparison, last year the company had a net profit of $442K.
Based on the recent corporate insider activity of 40 insiders, corporate insider sentiment is negative on the stock.
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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.
