Denbury Resources Shares Slip 3% On Susquehanna Downgrade

Denbury Resources (NYSE:DNR) shares are trading 2.5% lower after the company was lowered to Neutral from Positive by Susquehanna following a 35% rally in the company’s share value since mid-December . The energy name already reported 2011 reserves and it’s balance sheet indicated minimal leverage to higher oil prices, the firm says, which cuts two potential catalysts that could drive the price further.
Video Rating: 0 / 5