Endurance Wealth Management Inc. increased its position in Denbury Resources Inc. (NYSE:DNR) by 2.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 825,828 shares of the oil and natural gas company’s stock after buying an additional 17,726 shares during the period. Endurance Wealth Management Inc. owned approximately 0.21% of Denbury Resources worth $1,263,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. State of Alaska Department of Revenue bought a new stake in shares of Denbury Resources during the first quarter worth $113,000. Cambridge Investment Research Advisors Inc. raised its stake in shares of Denbury Resources by 15.6% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 43,796 shares of the oil and natural gas company’s stock worth $113,000 after buying an additional 5,900 shares in the last quarter. Tudor Investment Corp ET AL bought a new stake in shares of Denbury Resources during the first quarter worth $140,000. Capstone Asset Management Co. raised its stake in shares of Denbury Resources by 195.5% in the first quarter. Capstone Asset Management Co. now owns 71,238 shares of the oil and natural gas company’s stock worth $184,000 after buying an additional 47,130 shares in the last quarter. Finally, Virginia Retirement Systems ET AL raised its stake in shares of Denbury Resources by 29.4% in the first quarter. Virginia Retirement Systems ET AL now owns 73,653 shares of the oil and natural gas company’s stock worth $190,000 after buying an additional 16,753 shares in the last quarter. 90.26% of the stock is owned by institutional investors.

Shares of Denbury Resources Inc. (NYSE DNR) opened at 1.38 on Monday. The firm’s market capitalization is $537.37 million. Denbury Resources Inc. has a 1-year low of $1.27 and a 1-year high of $4.29. The company’s 50-day moving average is $1.47 and its 200 day moving average is $2.24.

Denbury Resources (NYSE:DNR) last issued its earnings results on Thursday, May 4th. The oil and natural gas company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by $0.01. The business had revenue of $264 million during the quarter, compared to the consensus estimate of $254.67 million. Denbury Resources had a negative net margin of 72.85% and a positive return on equity of 2.49%. The firm’s revenue for the quarter was up 35.5% compared to the same quarter last year. During the same period last year, the business posted ($0.03) EPS. On average, analysts expect that Denbury Resources Inc. will post $0.01 EPS for the current fiscal year.

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DNR has been the subject of a number of research analyst reports. BidaskClub raised shares of Denbury Resources from a “sell” rating to a “hold” rating in a research note on Wednesday, August 2nd. Stifel Nicolaus reaffirmed a “hold” rating and issued a $2.50 price target on shares of Denbury Resources in a research note on Friday, July 14th. BMO Capital Markets reduced their price target on shares of Denbury Resources from $2.00 to $1.00 and set a “no rating at time” rating for the company in a research note on Friday, July 14th. UBS AG reaffirmed a “sell” rating and issued a $1.50 price target (down from $2.00) on shares of Denbury Resources in a research note on Friday, May 5th. Finally, ValuEngine lowered shares of Denbury Resources from a “hold” rating to a “sell” rating in a research note on Friday, June 2nd. Six research analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. Denbury Resources currently has a consensus rating of “Hold” and a consensus price target of $2.64.

About Denbury Resources

Denbury Resources Inc is an independent oil and natural gas company. The Company’s operations are focused in 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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Institutional Ownership by Quarter for Denbury Resources (NYSE:DNR)

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