Denbury Resources Inc. (NYSE:DNR) was up 18.8% during trading on Tuesday . The stock 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.

Several equities research analysts recently commented on DNR shares. Zacks Investment Research cut Denbury Resources from a “hold” rating to a “sell” rating in a report on Wednesday, March 30th. Vetr cut Denbury Resources from a “sell” rating to a “strong sell” rating and set a $1.90 price target for the company. in a report on Thursday, March 31st. Stifel Nicolaus reaffirmed a “sell” rating on shares of Denbury Resources in a report on Thursday, March 31st. Finally, KeyCorp started coverage on Denbury Resources in a report on Tuesday, April 26th. They issued a “sector weight” rating for the company. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $3.08.

The firm’s 50 day moving average price is $3.94 and its 200 day moving average price is $2.75. The stock’s market capitalization is $1.16 billion.

Denbury Resources (NYSE:DNR) last issued its quarterly earnings results on Thursday, May 5th. The company reported ($0.03) EPS for the quarter, topping the consensus estimate of ($0.07) by $0.04. During the same period in the previous year, the business posted $0.07 EPS. The company had revenue of $194.80 million for the quarter, compared to the consensus estimate of $274.69 million. The business’s revenue for the quarter was down 36.7% on a year-over-year basis. Equities analysts predict that Denbury Resources Inc. will post ($0.14) EPS for the current fiscal year.

Several institutional investors recently modified their holdings of the company. 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. 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. 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. Rhumbline Advisers boosted its position in shares of Denbury Resources by 3.1% in the fourth quarter. Rhumbline Advisers now owns 514,863 shares of the company’s stock valued at $1,040,000 after buying an additional 15,557 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.

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