Denbury Resources (DNR) Shares Gap Down to $4.52

Denbury Resources Inc. (NYSE:DNR) shares gapped down prior to trading on Friday . The stock had previously closed at $4.64, but opened at $4.52. Denbury Resources shares last traded at $4.35, with a volume of 8698915 shares changing hands.

Several research analysts recently issued reports on the company. ValuEngine lowered Denbury Resources from a “hold” rating to a “sell” rating in a research report on Monday, July 2nd. Stifel Nicolaus raised their target price on Denbury Resources from $1.30 to $4.60 and gave the stock a “hold” rating in a research report on Wednesday, August 1st. Zacks Investment Research lowered Denbury Resources from a “strong-buy” rating to a “hold” rating in a research report on Wednesday. Johnson Rice raised Denbury Resources from a “hold” rating to an “accumulate” rating in a research report on Wednesday, August 15th. Finally, Royal Bank of Canada reaffirmed a “hold” rating and set a $5.00 target price on shares of Denbury Resources in a research report on Friday, July 13th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $5.18.

The company has a debt-to-equity ratio of 3.04, a current ratio of 0.43 and a quick ratio of 0.43. The firm has a market capitalization of $2.08 billion, a price-to-earnings ratio of 31.07 and a beta of 3.38.



Denbury Resources (NYSE:DNR) last issued its quarterly earnings results on Tuesday, August 7th. The oil and natural gas company reported $0.13 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.11 by $0.02. Denbury Resources had a return on equity of 25.74% and a net margin of 14.77%. The firm had revenue of $387.06 million during the quarter, compared to the consensus estimate of $328.72 million. As a group, equities research analysts expect that Denbury Resources Inc. will post 0.47 EPS for the current year.

In other Denbury Resources news, CAO James S. Matthews sold 20,000 shares of the stock in a transaction dated Thursday, August 23rd. The stock was sold at an average price of $4.86, for a total transaction of $97,200.00. Following the completion of the sale, the chief accounting officer now directly owns 459,949 shares in the company, valued at approximately $2,235,352.14. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.10% of the company’s stock.

A number of institutional investors have recently modified their holdings of the business. CIBC Private Wealth Group LLC grew its holdings in Denbury Resources by 41.5% during the 2nd quarter. CIBC Private Wealth Group LLC now owns 40,900 shares of the oil and natural gas company’s stock worth $197,000 after acquiring an additional 12,000 shares during the period. MetLife Investment Advisors LLC grew its holdings in Denbury Resources by 7.1% during the 2nd quarter. MetLife Investment Advisors LLC now owns 203,761 shares of the oil and natural gas company’s stock worth $980,000 after acquiring an additional 13,424 shares during the period. LPL Financial LLC grew its holdings in Denbury Resources by 33.5% during the 1st quarter. LPL Financial LLC now owns 54,094 shares of the oil and natural gas company’s stock worth $148,000 after acquiring an additional 13,577 shares during the period. Endurance Wealth Management Inc. grew its stake in shares of Denbury Resources by 1.9% in the 2nd quarter. Endurance Wealth Management Inc. now owns 888,111 shares of the oil and natural gas company’s stock valued at $4,272,000 after buying an additional 16,625 shares during the period. Finally, State of Alaska Department of Revenue grew its stake in shares of Denbury Resources by 13.8% in the 3rd quarter. State of Alaska Department of Revenue now owns 149,151 shares of the oil and natural gas company’s stock valued at $924,000 after buying an additional 18,035 shares during the period. Hedge funds and other institutional investors own 84.77% of the company’s stock.

About Denbury Resources (NYSE:DNR)

Denbury Resources Inc operates as an independent oil and natural gas company in the United States. It holds interests in various oil and natural gas 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.

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