Denbury Resources Inc. (DNR) Trading Up 0%
Denbury Resources Inc. (NYSE:DNR)’s share price traded up 0% on Thursday . The stock traded as high as $1.92 and last traded at $1.89. 12,168,922 shares traded hands during trading, an increase of 69% from the average session volume of 7,194,034 shares. The stock had previously closed at $1.89.
Several equities analysts have weighed in on the company. Zacks Investment Research lowered Denbury Resources from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 18th. Royal Bank of Canada set a $2.00 price objective on Denbury Resources and gave the company a “hold” rating in a report on Friday, August 25th. BMO Capital Markets reduced their price objective on Denbury Resources from $2.00 to $1.00 and set a “no rating at time” rating for the company in a report on Friday, July 14th. BidaskClub raised Denbury Resources from a “sell” rating to a “hold” rating in a report on Wednesday, August 2nd. Finally, KeyCorp reissued a “hold” rating on shares of Denbury Resources in a report on Wednesday, September 6th. Four analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the stock. Denbury Resources has a consensus rating of “Hold” and a consensus price target of $1.94.
The company has a debt-to-equity ratio of 5.91, a quick ratio of 0.57 and a current ratio of 0.53.
Denbury Resources (NYSE:DNR) last posted its earnings results on Tuesday, November 7th. The oil and natural gas company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.05. The firm had revenue of $266.56 million for the quarter, compared to the consensus estimate of $261.84 million. Denbury Resources had a positive return on equity of 0.28% and a negative net margin of 32.50%. The business’s quarterly revenue was up 4.9% on a year-over-year basis. analysts forecast that Denbury Resources Inc. will post 0.04 EPS for the current fiscal year.
Several large investors have recently bought and sold shares of the business. Vanguard Group Inc. lifted its position in shares of Denbury Resources by 18.3% during the first quarter. Vanguard Group Inc. now owns 56,483,974 shares of the oil and natural gas company’s stock worth $145,729,000 after acquiring an additional 8,753,615 shares in the last quarter. BlackRock Inc. lifted its position in shares of Denbury Resources by 15,599.0% during the first quarter. BlackRock Inc. now owns 47,422,302 shares of the oil and natural gas company’s stock worth $122,349,000 after acquiring an additional 47,120,229 shares in the last quarter. State Street Corp lifted its position in shares of Denbury Resources by 1.8% during the second quarter. State Street Corp now owns 21,829,124 shares of the oil and natural gas company’s stock worth $33,402,000 after acquiring an additional 380,034 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Denbury Resources by 24.5% in the second quarter. JPMorgan Chase & Co. now owns 12,097,850 shares of the oil and natural gas company’s stock worth $18,510,000 after buying an additional 2,382,134 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Denbury Resources by 18.5% in the second quarter. Dimensional Fund Advisors LP now owns 10,103,099 shares of the oil and natural gas company’s stock worth $15,458,000 after buying an additional 1,573,866 shares in the last quarter. Hedge funds and other institutional investors own 86.36% of the company’s stock.
Denbury Resources Company Profile
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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