Before the end of the regular trading session on Wednesday, Denbury Resources Inc. (NYSE:DNR) dropped -$0.1 to its price. In the past year, Denbury Resources Inc. (NYSE:DNR) has seen its stock hit a 1-year high price of $4.75 as well as a 1-year low price of $0.91. When it comes to volume of trade, 9.51 million shares of this company’s stock changed hands.Currently, this public company’s quick ratio is 0.50, its debt-to-equity ratio is 4.42, and its current ratio is 0.50. This organization, right now, has a market cap of $1.80B, a beta score of 3.22, and its current ratio is 0.50.
Mizuho Initiated shares of Denbury Resources Inc. (NYSE:DNR) to a Neutral rating in a report posted on Thursday, October 6th, 2016. At the present, they have a price target for the Independent Oil & Gas set at $3. Several additional equities analysts have also published recent reports on DNR stock. Barclays, for example, Downgrade Denbury Resources Inc. from Equal Weight to Underweight in a report that was made public on Wednesday, August 10th, 2016. Stifel Upgrade on Denbury Resources Inc. in a report from Wednesday, June 15th, 2016, while giving the stock to a Hold rating from a Sell rating. In a report sent out on Tuesday, April 26th, 2016, KeyBanc Capital Mkts Downgrade the stock rating on Denbury Resources Inc. from a Overweight to a Sector Weight. Lastly, a Sector Perform rating on shares of Denbury Resources Inc. was Reiterated by RBC Capital Mkts, which also set a $1.50 price target on the company’s stock. In total, 5 Wall Street analysts have given this stock a hold rating, with 1 analysts rating it as a strong buy. At the time of writing, this stock has a consensus price target set at $3.41 and average analyst rating set to Hold.
There is a technical analysis indicator called the Relative Strength Index, or RSI, and analysts use it to measure momentum within a range of 0 to 100. When a stock’s RSI falls under 30, it is considered to be oversold. For Denbury Resources Inc., specifically, the RSI metric has reached 55.68. Denbury Resources Inc. (NYSE:DNR) has gained 71.31% in value over the last three months, and 143.02% over the last six-month period. Over the last full year, the stock price has gained 162.89%.
Now let’s focus on another metric: volatility. This measurement indicates a stock’s predictable daily price range, and it is basically the range within which a day trader operates. When volatility levels are high, that means that profits and losses will also be high. After recently verifying the number, Denbury Resources Inc. (NYSE:DNR) stock has a volatility measurement of 4.42% for the week, with 5.68% volatility as observed from the past 30 days. The public company has 430.59M shares outstanding currently, as well as a market cap of $1.80B. This stock’s distance from its 20-day simple moving average is -0.74%, based on a recent bid, while its distance from the 50-day simple moving average is currently 16.09%. Meanwhile, it has a distance of 83.84% from the 200-day simple moving average. Today, this organization is sitting -12.00% away from its 52-week high price and 356.93% away from its 52-week low price.
For stock traders that are more focused on the more granular details, they tend to keep tabs on a metric called the Williams Percent Range or Willams %R. The Williams %R metric is a popular and widely-used technical indicator that was discovered by Larry Williams. It enables traders to identify when certain stocks have entered either overbought or oversold territory. Typically, seasoned stock traders will use the Williams %R metric in conjunction with other trend indicators to enable them to pinpoint possible turning points in a stock’s price path. Denbury Resources Inc. (NYSE:DNR)’s Williams Percent Range, or 14-day Williams %R, is sitting at 54.29 at the time of writing. Generally speaking, if the indicator rises above -20, the shares may be overbought. On the flip side, if the indicator goes below -80, it may mean that the stock has crossed over into oversold territory.
Investors frequently maintain their focus on the latest stock price resistance and support levels. The term “support” refers to the lower “floor” level where a stock may bounce back after it has dipped. If the share price can penetrate the first support level, investor attention will likely move to the second level. On the flip side, resistance means the very opposite. While a stock adds to its value, it might experience a drop as it hits a particular level of resistance. After a recent examination, this company’s shares’ first resistance level is sitting at 4.29. Meanwhile, investors are looking out for the first support level, which is 4.10.