The shares of Denbury Resources Inc. (NYSE:DNR) has been pegged with a rating of Equal-Weight by Stephens in its latest research note that was published on December 6th, 2018. The research company has also assigned a $4 price target. Stephens wasn’t the only research firm that published a report of Denbury Resources Inc., with other equities research analysts also giving their opinion on the stock. Imperial Capital advised investors in its research note published on October 30th, 2018, to Outperform the DNR stock while also putting a $4 price target. The stock had earned Accumulate rating from Johnson Rice when it published its report on August 15th, 2018. The stock was given Neutral rating by Mizuho in its report released on October 6th, 2016, the day when the price target on the stock was placed at $3. Barclays was of a view that DNR is Underweight in its latest report on August 10th, 2016 while giving it a price target of $2.50. Stifel thinks that DNR is worth Hold rating. This was contained in the firm’s report on June 15th, 2016.
Amongst the analysts that rated the stock, 0 have recommended investors to sell it, 6 believe it has the potential for further growth, thus rating it as Hold while 1 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $5.42. The price of the stock the last time has raised by 42.48% from its Week high price while it is raised higher than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 28.57.
The shares of the company dipped by -7.23% during the trading session on Thursday, reaching a low of $2.115 while ending the day at $2.18. During the trading session, a total of 13.96 million shares were traded which represents a -4.34% decline from the average session volume which is 13.38M shares. DNR had ended its last session trading at 2.35. Denbury Resources Inc. currently has a market cap of $1.03B, while its P/E ratio stands at 7.01, while its P/E earnings growth sits at 0.70, with a beta of 3.83. Denbury Resources Inc. debt-to-equity ratio currently stands at 2.93, while its quick ratio hovers at 0.50. DNR 52-week low price stands at $1.53 while its 52-week high price is $6.75.
The company in its last quarterly report recorded $0.13 earnings per share which is above the $0.11 predicted by most analysts. The Denbury Resources Inc. generated $394.97 million in revenue during the last quarter, which is slightly higher than the $349.85 million predicted by analysts. In the second quarter last year, the firm recorded $0.13 earnings per share. Compared to the same quarter last year, the firm’s revenue was down by 0%. Denbury Resources Inc. has the potential to record 0.31 EPS for the current fiscal year, according to equities analysts.
Investment analysts at BofA/Merrill published a research note on November 12th, 2018 where it informed investors and clients that PulteGroup, Inc. (NYSE:PHM) is now rated as Underperform. Imperial Capital also rated PHM as Reiterated on October 30th, 2018, with its price target of $4 suggesting that PHM could down by -1.95% from its current share price. Even though the stock has been trading at $25.63/share, analysts expect it to surge higher by 3.98% to reach $26.14/share. It started the day trading at $26.71 and traded between $25.12 and $26.65 throughout the trading session.
A look at its technical shows that PHM’s 50-day SMA is 24.42 while its 200-day SMA stands at 28.09. The stock has a high of $35.21 for the year while the low is $20.64. The company’s P/E ratio currently sits at 7.47, while the P/B ratio is 1.60. The company’s average trading volume currently stands at 6.72M shares, which means that the short-interest ratio is just 4.02 days. Over the past seven days, the company moved, with its shift of -0.34%. Looking further, the stock has dropped -5.06% over the past 90 days while it lost -14.99% over the last six months.
The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. The Vanguard Group Inc bought more PHM shares, increasing its portfolio by +8.66% during the last quarter. This move now sees The Vanguard Group Inc purchasing 2,389,502 shares in the last quarter, thus it now holds 29,988,538 shares of PHM, with a total valuation of $736,818,379. BlackRock Fund Advisors meanwhile sold more PHM shares in the recently filed quarter, changing its stake to $364,342,412 worth of shares. SSgA Funds Management Inc followed the path by increasing its PHM portfolio by +9.94% in the quarter. This means that SSgA Funds Management Inc bought 1,161,523 shares in the last quarter and now controls 12,842,824 shares of the PHM stock, with the valuation hitting $315,548,186.
Similarly, LSV Asset Management increased its PulteGroup, Inc. shares by +121.73% during the recently filed quarter. After buying 4,459,360 shares in the last quarter, the firm now controls 8,122,687 shares of PulteGroup, Inc. which are valued at $199,574,420. In the same vein, Greenhaven Associates Inc decreased its PulteGroup, Inc. shares by during the most recent reported quarter. The firm sold -1,700 shares during the quarter which decreased its stakes to 6,985,895 shares and is now valued at $171,643,440. Following these latest developments, around 8.68% of PulteGroup, Inc. stocks are owned by institutional investors and hedge funds.