Denbury Resources (NYSE:DNR) has been assigned an average rating of “Hold” from the twelve brokerages that are currently covering the firm, MarketBeat reports. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $2.07.
A number of research firms have issued reports on DNR. KLR Group lowered shares of Denbury Resources from a “buy” rating to a “hold” rating and set a $4.00 target price on the stock. in a report on Monday, May 14th. Zacks Investment Research lowered shares of Denbury Resources from a “buy” rating to a “hold” rating in a report on Wednesday, January 31st. Finally, UBS began coverage on shares of Denbury Resources in a report on Wednesday, March 7th. They set a “neutral” rating and a $2.50 target price on the stock.
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Denbury Resources traded up $0.04, reaching $4.13, during mid-day trading on Monday, MarketBeat reports. 10,831,455 shares of the company’s stock were exchanged, compared to its average volume of 10,318,098. The firm has a market cap of $1.80 billion, a PE ratio of 14.61 and a beta of 3.13. Denbury Resources has a twelve month low of $0.92 and a twelve month high of $4.23. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 4.24.
Denbury Resources (NYSE:DNR) last released its earnings results on Tuesday, May 8th. The oil and natural gas company reported $0.12 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.11 by $0.01. The company had revenue of $347.57 million for the quarter, compared to analyst estimates of $324.65 million. Denbury Resources had a net margin of 15.01% and a return on equity of 19.63%. The firm’s quarterly revenue was up 28.0% on a year-over-year basis. During the same period in the prior year, the business earned ($0.02) EPS. equities research analysts anticipate that Denbury Resources will post 0.38 earnings per share for the current fiscal year.
In other news, Director Laura A. Sugg sold 12,500 shares of the firm’s stock in a transaction on Tuesday, April 10th. The shares were sold at an average price of $3.00, for a total value of $37,500.00. Following the sale, the director now directly owns 140,841 shares in the company, valued at approximately $422,523. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold a total of 50,000 shares of company stock worth $157,625 over the last 90 days. Company insiders own 1.10% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the company. BlackRock Inc. raised its holdings in shares of Denbury Resources by 2.9% in the 4th quarter. BlackRock Inc. now owns 52,960,970 shares of the oil and natural gas company’s stock valued at $117,044,000 after purchasing an additional 1,516,392 shares in the last quarter. OTA Financial Group L.P. purchased a new position in shares of Denbury Resources in the 4th quarter valued at $224,000. Anderson Hoagland & Co. grew its position in shares of Denbury Resources by 119.2% in the 4th quarter. Anderson Hoagland & Co. now owns 149,350 shares of the oil and natural gas company’s stock valued at $330,000 after buying an additional 81,205 shares during the last quarter. Elephas Investment Management Ltd purchased a new position in shares of Denbury Resources in the 4th quarter valued at $484,000. Finally, Nomura Asset Management Co. Ltd. purchased a new position in shares of Denbury Resources in the 4th quarter valued at $540,000. Institutional investors and hedge funds own 81.98% of the company’s stock.
Denbury Resources Company Profile
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.