Denbury Resources Inc. (NYSE:DNR) has a beta value of 4.18 and has seen 9,560,240 shares traded in the recent trading session. The company, currently valued at $157.52 Million, closed the recent trade at $0.31 per share which meant it lost $0 on the day or -8.1% during that session. The DNR stock price is -441.94% off its 52-week high price of $1.68 and 48.39% above the 52-week low of $0.16. If we look at the company’s 10-day average daily trading volume, we find that it stood at 29.13 Million shares traded. The 3-month trading volume is 30.57 Million shares.
The consensus among analysts is that Denbury Resources Inc. (DNR) is an Underweight stock at the moment, with a recommendation rating of 3.7. 2 analysts rate the stock as a Sell, while none rate it as Overweight. 3 out of 6 have rated it as a Hold, with no one of them advising it as a Buy. 1 have rated the stock as Underweight. The expected earnings per share for the stock is -$0.06.
Denbury Resources Inc. (NYSE:DNR) trade information
Despite being -8.3% in the red today, the stock has traded in the green over the last five days, with the highest price hit on Wednesday, Jun 24 when the DNR stock price touched $0.372 or saw a rise of 16.67%. Year-to-date, Denbury Resources Inc. shares have moved -78.01%, while the 5-day performance has seen it change -17.11%. Over the past 30 days, the shares of Denbury Resources Inc. (NYSE:DNR) have changed 45.54%. Short interest in the company has seen 128.91 Million shares shorted with days to cover at 4.22.
Wall Street analysts have a consensus price target for the stock at $0.27, which means that the shares’ value could jump -12.9% from current levels. The projected low price target is $0.25 while the price target rests at a high of $0.3. In that case, then, we find that the current price level is -3.23% off the targeted high while a plunge would see the stock lose -19.35% from current levels.
Denbury Resources Inc. (DNR) estimates and forecasts
Figures show that Denbury Resources Inc. shares have underperformed across the wider relevant industry. The company’s shares have lost -75.65% over the past 6 months, with this year growth rate of -87.5%, compared to -30.8% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2020 fiscal year revenue. Growth estimates for the current quarter are -146.2% and -137.5% for the next quarter. Revenue growth from the last financial year stood is estimated to be -37.6%.
3 analysts offering their estimates for the company have set an average revenue estimate of $156.51 Million for the current quarter. 3 have an estimated revenue figure of $200.47 Million for the next quarter concluding in September 01, 2020. Year-ago sales stood $343.37 Million for this quarter, and analysts expect sales will grow by -54.4% for the current quarter.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -24.2% over the past 5 years. Earnings growth for 2020 is a modest -36% while over the next 5 years, the company’s earnings are expected to increase by 32.6%.