Shares of Denbury Resources Inc. (NYSE:DNR) were up 18.8% during trading on Tuesday . The company traded as high as $3.74 and last traded at $3.72, with a volume of 8,298,160 shares changing hands. The stock had previously closed at $3.13.

A number of analysts recently commented on DNR shares. Zacks Investment Research raised Denbury Resources from a “hold” rating to a “buy” rating and set a $5.00 price objective on the stock in a research note on Tuesday, June 21st. Stifel Nicolaus raised Denbury Resources from a “sell” rating to a “hold” rating in a research note on Wednesday, June 15th. KeyCorp initiated coverage on Denbury Resources in a research note on Tuesday, April 26th. They issued a “sector weight” rating on the stock. Finally, Vetr lowered Denbury Resources from a “strong-buy” rating to a “sell” rating and set a $1.90 price target on the stock. in a research note on Tuesday, March 15th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $3.08.

The stock’s market cap is $1.27 billion. The firm’s 50-day moving average is $3.97 and its 200-day moving average is $2.74.

Denbury Resources (NYSE:DNR) last announced its quarterly earnings results on Thursday, May 5th. The company reported ($0.03) earnings per share for the quarter, beating the consensus estimate of ($0.07) by $0.04. The firm had revenue of $194.80 million for the quarter, compared to analyst estimates of $274.69 million. The company’s revenue was down 36.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.07 EPS. On average, equities research analysts anticipate that Denbury Resources Inc. will post ($0.14) earnings per share for the current fiscal year.

Several hedge funds and institutional investors have recently made changes to their positions in DNR. California Public Employees Retirement System boosted its position in shares of Denbury Resources by 17.8% in the fourth quarter. California Public Employees Retirement System now owns 3,390,198 shares of the company’s stock valued at $6,848,000 after buying an additional 512,000 shares during the last quarter. Advisors Asset Management Inc. boosted its position in shares of Denbury Resources by 49.5% in the fourth quarter. Advisors Asset Management Inc. now owns 2,048,440 shares of the company’s stock valued at $4,138,000 after buying an additional 678,367 shares during the last quarter. Russell Frank Co boosted its position in shares of Denbury Resources by 23.4% in the fourth quarter. Russell Frank Co now owns 1,666,663 shares of the company’s stock valued at $3,284,000 after buying an additional 316,374 shares during the last quarter. OppenheimerFunds Inc. boosted its position in shares of Denbury Resources by 31.1% in the fourth quarter. OppenheimerFunds Inc. now owns 1,195,177 shares of the company’s stock valued at $2,414,000 after buying an additional 283,351 shares during the last quarter. Finally, California State Teachers Retirement System boosted its position in shares of Denbury Resources by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 682,479 shares of the company’s stock valued at $1,379,000 after buying an additional 10,784 shares during the last quarter.

Denbury Resources Inc is an independent oil and natural gas company. The Company’s operations are focused on two operating areas: the Gulf Coast and Rocky Mountain regions. Its properties with proved and producing reserves in the Gulf Coast region are situated in Mississippi, Texas, Louisiana and Alabama, and in the Rocky Mountain region are situated in Montana, North Dakota and Wyoming.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.