Over the past 52 weeks Denbury Resources Inc. (NYSE:DNR) has embarked on a rally that has seen it rise 20.44% and is now down by -1.36% since start of this year. The equity price sank -7.23% this week, a trend that has led to both investors and traders taking note of the stock. A look at its monthly performance shows that the stock has recorded a -38.24% fall over the past 30 days. Its equity price dipped by -57.59% over the past three months which led to its overall six-month decrease to stand at -51.01%.
The shares of Denbury Resources Inc. (DNR) dropped by -67.7% or -$4.57 from its last recorded high of $6.75 which it attained on October 09 to close at $2.18 per share. Over the past 52 weeks, the shares of Denbury Resources Inc. has been trading as low as $1.53 before witnessing a massive surge by 42.48% or $0.65. This price movement has led to the DNR stock receiving more attention and has become one to watch out for. It dipped by -7.23% on Thursday and this got the market worried. The stock’s beta now stands at 3.83 and when compared to its 200-day moving average and its 50-day moving average, DNR price stands -45.81% below and -47.91% below respectively. Its average daily volatility for this week is 8.94% which is more than the 8.78% recorded over the past month.
Experts from research firms are bullish about the near-term performance of Denbury Resources Inc. with most of them predicting a $5.42 price target on a short-term (12 months) basis. The average price target by the analysts will see a 148.62% rise in the stock and would lead to DNR’s market cap to surge to $2.55B. The stock has been rated an average 2.7, which roughly stands towards the bearish end of the spectrum. Reuters looked into the 10 analysts that track Denbury Resources Inc. (NYSE:DNR) and find out that 6 of them rated it as a Hold. 3 of the 4 analysts rated it as a Buy or a Strong Buy while 1 advised investors to desist from buying the stock or sell it if they already possess it.
A look at DNR technical analysis shows that its 14-day Relative Strength Index (RSI) is in a oversold zone after reaching 28.57 point. Its trading volume has added 580583 shares compared to readings over the past three months as it recently exchanged 13960583 shares. This means there is improved activity from short-term traders as per session, its average trading volume is 13380000 shares, and this is 1.04 times the normal volume.
The price of Anadarko Petroleum Corporation (NYSE:APC) currently stands at $51.59 after it went down by $-1.39 or -2.62% and has found a strong support at $50.65 a share. If the APC price drops below that critical support, then it would lead to a bearish trend. In the short-term, a dip below the $49.7 mark would also be bad for the stock as it means that the stock would plunge by 3.66% from its current position. However, if the stock price is able to trade above the resistance point around $52.15, then it could likely surge higher to try and break the upward resistance which stands at $52.71 a share. Its average daily volatility over the past one month stands at 3.4%. The stock has plunged by 99.49% from its 52-weeks high of $0.2633 which it reached on Jul. 10, 2018. In general, it is 9.28% above its 52-weeks lowest point which stands at $46.8 and this setback was observed on Dec. 07, 2017.
Analysts have predicted a price target for Anadarko Petroleum Corporation (APC) for 1 year and it stands at an average $82.86/share. This means that it would likely increase by 60.61% from its current position. The current price of the stock has been moving between $50.2633 and $51.765. Some brokerage firms have a lower target for the stock than the average, with one of them setting a price target as low as $63. On the other hand, one analyst is super bullish about the price, setting a target as high as $100.
The APC stock Stochastic Oscillator (%D) is at 48.89%, which means that it is currently neutral. The shares P/S ratio stands at 2.06 which compares to the 99.8 recorded by the industry or the 10.77 by the wider sector. The stock currently has an estimated price-earnings (P/E) multiple of 13.5, which is lower than the 81.24 multiple of 12-month price-earnings (P/E). The company’s earnings have gone down, with a quarterly decrease rate of -21.3% over the past five years.
Analysts view Anadarko Petroleum Corporation (NYSE:APC) as a Buy, with 1.8 consensus rating. Reuters surveyed 33 analysts that follow APC and found that 4 of those analysts rated the stock as a Hold. The remaining 29 were divided, with 29 analyst rating it as a Buy or a Strong Buy while 0 analysts advised investors to desist from buying Anadarko Petroleum Corporation (APC) shares or sell it if they already own it.