Median Price Target from Wall Street Indicates Upside for Denbury Resources

Currently, ~11% of Wall Street analysts rate Denbury Resources (DNR) as a “buy” and ~61% of analysts rate it as a “hold.” Around 28% rate the stock as a “sell.” The median price target from these recommendations is $3.33, which is ~10% higher than the August 5, 2016, closing price of $3.02.

The table below shows the Wall Street analysts’ individual forecasts for Denbury Resources following its 2Q16 earnings release.

Based on the median price targets of recommendations from Wall Street analysts, upstream companies Carrizo Oil & Gas (CRZO), QEP Resources (QEP), and EP Energy (EPE) have potential upsides of ~26%, ~33%, and ~32%, respectively, from their August 5 closing prices.

The SPDR S&P Oil and Gas Exploration & Production ETF (XOP) generally invests at least 80% of its total assets in oil and gas exploration companies, whereas the Vanguard Energy ETF (VDE) invests in the broader energy market.