Shares of Denbury Resources Inc. (NYSE:DNR) were down 4.5% during trading on Thursday . The company traded as low as $3.18 and last traded at $3.19, with a volume of 3,815,959 shares trading hands. The stock had previously closed at $3.34.

A number of analysts recently commented on DNR shares. Zacks Investment Research cut shares of Denbury Resources from a “buy” rating to a “hold” rating in a research note on Monday, July 18th. Vetr cut shares of Denbury Resources from a “sell” rating to a “strong sell” rating and set a $1.90 price target on the stock. in a research note on Thursday, March 31st. Stifel Nicolaus upgraded shares of Denbury Resources from a “sell” rating to a “hold” rating in a research note on Wednesday, June 15th. Finally, KeyCorp assumed coverage on shares of Denbury Resources in a research note on Tuesday, April 26th. They set a “sector weight” rating on the stock. Two investment analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. The stock presently has an average rating of “Hold” and an average target price of $2.81.

The company’s market cap is $1.06 billion. The company has a 50-day moving average price of $3.78 and a 200 day moving average price of $2.80.

Denbury Resources (NYSE:DNR) last posted its quarterly earnings data on Thursday, May 5th. The company reported ($0.03) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.04. The business earned $194.80 million during the quarter, compared to analysts’ expectations of $274.69 million. The business’s quarterly revenue was down 36.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.07 EPS. On average, equities research analysts expect that Denbury Resources Inc. will post ($0.12) earnings per share for the current fiscal year.

Several institutional investors have bought and sold shares of DNR. California Public Employees Retirement System increased its position in 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 worth $6,848,000 after buying an additional 512,000 shares during the last quarter. Advisors Asset Management Inc. increased its position in Denbury Resources by 49.5% in the fourth quarter. Advisors Asset Management Inc. now owns 2,048,440 shares of the company’s stock worth $4,138,000 after buying an additional 678,367 shares during the last quarter. Russell Frank Co increased its position in Denbury Resources by 23.4% in the fourth quarter. Russell Frank Co now owns 1,666,663 shares of the company’s stock worth $3,284,000 after buying an additional 316,374 shares during the last quarter. OppenheimerFunds Inc. increased its position in Denbury Resources by 31.1% in the fourth quarter. OppenheimerFunds Inc. now owns 1,195,177 shares of the company’s stock worth $2,414,000 after buying an additional 283,351 shares during the last quarter. Finally, California State Teachers Retirement System increased its position in Denbury Resources by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 682,479 shares of the company’s stock worth $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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