Oppenheimer analyst Tim Rezvan assigned a Hold rating to Denbury Resources (DNR) yesterday. The company’s shares closed yesterday at $1.95, close to its 52-week low of $1.39.
According to TipRanks.com, Rezvan is a 3-star analyst with an average return of 1.1% and a 52.8% success rate. Rezvan covers the Basic Materials sector, focusing on stocks such as Whiting Petroleum Corp, Gulfport Energy Corp, and Par Pacific Holdings.
The word on The Street in general, suggests a Hold analyst consensus rating for Denbury Resources with a $3 average price target.
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The company has a one-year high of $6.75 and a one-year low of $1.39. Currently, Denbury Resources has an average volume of 11.72M.
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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.
