Oppenheimer analyst Tim Rezvan maintained a Buy rating on Denbury Resources (DNR) today. The company’s shares closed yesterday at $3.22.
According to TipRanks.com, Rezvan is a 3-star analyst with an average return of 2.3% and a 53.4% success rate. Rezvan covers the Basic Materials sector, focusing on stocks such as Whiting Petroleum Corp, Gulfport Energy Corp, and Oasis Petroleum Inc.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Denbury Resources with a $4.50 average price target.
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Based on Denbury Resources’ latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $30.22 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.
