Denbury Resources Inc. (NYSE:DNR) dropped 5.8% on Monday . The stock traded as low as $1.13 and last traded at $1.14. Approximately 7,900,094 shares were traded during mid-day trading, an increase of 25% from the average daily volume of 6,316,220 shares. The stock had previously closed at $1.21.

DNR has been the subject of several analyst reports. BMO Capital Markets set a $1.00 target price on Denbury Resources and gave the stock a “hold” rating in a report on Tuesday, October 10th. Zacks Investment Research upgraded Denbury Resources from a “sell” rating to a “hold” rating in a report on Monday, August 14th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $2.50 price target on shares of Denbury Resources in a research report on Friday, July 14th. BidaskClub raised Denbury Resources from a “sell” rating to a “hold” rating in a research report on Wednesday, August 2nd. Finally, ValuEngine downgraded Denbury Resources from a “sell” rating to a “strong sell” rating in a research report on Friday, July 28th. Five analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the stock. Denbury Resources has an average rating of “Hold” and an average target price of $2.06.

The firm’s market cap is $459.47 million. The company has a 50-day moving average of $1.23 and a 200 day moving average of $1.58.

Denbury Resources (NYSE:DNR) last released its quarterly earnings results on Tuesday, August 8th. The oil and natural gas company reported $0.00 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.02) by $0.02. The business had revenue of $261.20 million during the quarter, compared to analysts’ expectations of $248.66 million. Denbury Resources had a negative return on equity of 1.94% and a negative net margin of 35.24%. The firm’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same period last year, the firm posted $0.08 EPS. On average, analysts anticipate that Denbury Resources Inc. will post $0.02 earnings per share for the current year.

Large investors have recently added to or reduced their stakes in the stock. Cambridge Investment Research Advisors Inc. lifted its holdings in Denbury Resources by 15.6% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 43,796 shares of the oil and natural gas company’s stock worth $113,000 after purchasing an additional 5,900 shares during the last quarter. State of Alaska Department of Revenue lifted its holdings in Denbury Resources by 77.9% during the 2nd quarter. State of Alaska Department of Revenue now owns 78,166 shares of the oil and natural gas company’s stock worth $119,000 after purchasing an additional 34,226 shares during the last quarter. Piedmont Investment Advisors LLC lifted its holdings in Denbury Resources by 261.7% during the 2nd quarter. Piedmont Investment Advisors LLC now owns 86,127 shares of the oil and natural gas company’s stock worth $132,000 after purchasing an additional 62,312 shares during the last quarter. Tudor Investment Corp ET AL acquired a new stake in Denbury Resources during the 1st quarter worth approximately $140,000. Finally, Teachers Retirement System of The State of Kentucky lifted its holdings in Denbury Resources by 11.5% during the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 96,950 shares of the oil and natural gas company’s stock worth $148,000 after purchasing an additional 10,000 shares during the last quarter. 86.44% of the stock is owned by institutional investors and hedge funds.

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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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