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Stocks Buzz: Denbury Resources Inc. (DNR), Cinedigm Corp. (CIDM), NRG Energy, Inc. (NRG)

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Denbury Resources Inc. (DNR) managed to rebound with the stock declining -3.72% or $-0.13 to close the day at $3.36 on light trading volume of 8.59M shares, compared to its three month average trading volume of 8.9M. The Plano Texas 75024 based company has been outperforming the independent oil & gas group over the past 52 weeks, with the stock gaining 205.45%, compared to the industry which has advanced 44.3% over the same period. With RSI of 40.04, the stock should still continue to rise and get closer to its one year target estimate of $3.33, making it a hold for now.

Denbury Resources Inc. operates as an independent oil and natural gas company in the United States. The company primarily focuses on enhanced oil recovery utilizing carbon dioxide. It holds properties located in Mississippi, Texas, Louisiana, and Alabama in the Gulf Coast region; and in Montana, North Dakota, and Wyoming in the Rocky Mountain region. As of December 31, 2015, the company had 288.6 million barrels of oil equivalent of estimated proved oil and natural gas reserves. Denbury Resources Inc. was founded in 1951 and is headquartered in Plano, Texas.

Cinedigm Corp. (CIDM) grew with the stock adding 26.12% or $0.35 to close at $1.69 on active trading volume of 8.47M compared its three months average trading volume of 104.21K. The New York New York 10010 based company operating under the Entertainment – Diversified industry has been trending down for the last 52 weeks, with the shares price now -29.58% down for the period and up by 17.36% so far this year. With price target of $12.5 and a 87.78% rebound from 52-week low, Cinedigm Corp. has plenty of upside potential, making it a hold with a view buy.

Cinedigm Corp., together with its subsidiaries, distributes and aggregates independent movie, television, and other short form content in the United States. It operates through four segments: Phase I Deployment, Phase II Deployment, Services, and Content & Entertainment. The company is involved in the collection of virtual print fees from motion picture studios and distributors, and alternative content fees from alternative content providers and theatrical exhibitors. It also provides monitoring, billing, collection, verification, and other management services to the company’s Phase I Deployment and Phase II Deployment, as well as to exhibitors, who purchase their own equipment. In addition, the company distributes content in the home entertainment markets through various distribution channels, including digital and video-on-demand, as well as physical goods, including DVD and Blu-ray discs; and theatrical distribution of third party feature movies and alternative content. It manages a library of distribution rights to various titles and episodes released across digital, physical, theatrical, home, and mobile entertainment platforms, as well as services digital cinema assets in approximately 12,000 movie screens in North America and various international countries. The company was formerly known as Cinedigm Digital Cinema Corp. and changed its name to Cinedigm Corp. in September 2013. Cinedigm Corp. was founded in 2000 and is based in New York, New York.

NRG Energy, Inc. (NRG) continued its upward trend with the stock climbing 4.17% or $0.7 to close the day at $17.49 on higher than average trading volume of 8.39M shares, compared to its three month average trading volume of 6.52M. The Princeton New Jersey 08540 based company has been outperforming the diversified utilities companies by 49.9087% for last three months and its recent gains have pushed the stock slightly up 42.92% YTD, versus the diversified utilities industry which is up 2.39% for the same period. The RSI of 75.12 indicates the stock is overbought at the current levels, sell for now.

NRG Energy, Inc., together with its subsidiaries, operates as a power company. The company provides electricity; system power, distributed generation, solar and wind products, backup generation, storage and distributed solar, demand response, energy efficiency, electric vehicle charging stations, and on-site energy solutions; carbon management and specialty services; and various energy services, such as operations, maintenance, technical, development, and asset management services. It owns and operates approximately 50,000 megawatts of generation. The company also offers retail energy, rooftop solar, portable solar, and battery products home services; and various bundled products, which combine energy with protection products, energy efficiency, and renewable energy solutions, as well as offers installation and contract management services for residential solar customers. As of December 31, 2015, it served approximately 2.77 million recurring and 624,000 discrete customers. In addition, the company owns, operates, and develops solar and wind power projects; develops, constructs, and finances a range of solutions for utilities, schools, municipalities, and commercial markets; and trades in electric power, natural gas, and related commodity and financial products, including forwards, futures, options, and swaps. As of December 31, 2015, it operated 90 active fossil fuel and nuclear plants, 16 utility scale solar facilities, and 36 wind farms and multiple distributed solar facilities. Further, the company transacts in and trades fuel and transportation services; directly sells energy, services, and products and services to retail customers under the NRG, Reliant, and other names; and provides steam, hot water, and chilled water, as well as electricity to commercial businesses, universities, hospitals, and governmental units. NRG Energy, Inc. was founded in 1989 and is headquartered in Princeton, New Jersey.

 

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