Other research analysts also recently issued reports about the company. ValuEngine upgraded Denbury Resources from a sell rating to a hold rating in a research report on Tuesday, July 10th. KLR Group restated a hold rating and set a $5.00 price objective on shares of Denbury Resources in a research report on Monday, August 20th. TheStreet upgraded Denbury Resources from a d rating to a c- rating in a research report on Wednesday, August 22nd. Stifel Nicolaus lifted their price objective on Denbury Resources from $1.30 to $4.60 and gave the stock a hold rating in a research report on Wednesday, August 1st. Finally, Johnson Rice upgraded Denbury Resources from a hold rating to an accumulate rating in a report on Wednesday, August 15th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company’s stock. Denbury Resources has a consensus rating of Hold and a consensus target price of $5.01.
Shares of Denbury Resources stock traded down $0.24 during trading on Monday, hitting $3.08. 15,275,753 shares of the company were exchanged, compared to its average volume of 10,879,163. The company has a debt-to-equity ratio of 3.04, a current ratio of 0.43 and a quick ratio of 0.43. Denbury Resources has a fifty-two week low of $1.13 and a fifty-two week high of $6.75. The company has a market capitalization of $2.00 billion, a P/E ratio of 21.96 and a beta of 3.38.
In other Denbury Resources news, CAO James S. Matthews sold 20,000 shares of the business’s stock in a transaction on Thursday, August 23rd. The stock was sold at an average price of $4.86, for a total value of $97,200.00. Following the completion of the transaction, 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.10% of the company’s stock.
A number of institutional investors and hedge funds have recently modified their holdings of DNR. Sterling Capital Management LLC purchased a new stake in shares of Denbury Resources during the 2nd quarter valued at $1,379,000. Sigma Planning Corp purchased a new stake in shares of Denbury Resources during the 2nd quarter valued at $256,000. FMR LLC grew its stake in shares of Denbury Resources by 17.6% during the 2nd quarter. FMR LLC now owns 21,799,417 shares of the oil and natural gas company’s stock valued at $104,854,000 after buying an additional 3,266,213 shares during the period. SG Americas Securities LLC grew its stake in shares of Denbury Resources by 294.0% during the 2nd quarter. SG Americas Securities LLC now owns 101,712 shares of the oil and natural gas company’s stock valued at $489,000 after buying an additional 75,898 shares during the period. Finally, Stone Harbor Investment Partners LP purchased a new stake in shares of Denbury Resources during the 2nd quarter valued at $1,039,000. Institutional investors own 85.30% of the company’s stock.
About Denbury Resources
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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