Denbury Resources (DNR) Shares Gap Up to $1.55
Shares of Denbury Resources Inc. (NYSE:DNR) gapped up before the market opened on Friday . The stock had previously closed at $1.45, but opened at $1.55. Denbury Resources shares last traded at $1.60, with a volume of 9485741 shares traded.
DNR has been the subject of a number of recent research reports. Oppenheimer reiterated a “hold” rating on shares of Denbury Resources in a research report on Thursday, March 21st. Imperial Capital upgraded Denbury Resources from an “in-line” rating to an “outperform” rating in a report on Wednesday, April 24th. Zacks Investment Research cut Denbury Resources from a “buy” rating to a “hold” rating in a report on Monday, January 28th. Finally, TheStreet cut Denbury Resources from a “c-” rating to a “d+” rating in a report on Thursday. Two equities research analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $4.36.
The company has a debt-to-equity ratio of 2.40, a current ratio of 0.59 and a quick ratio of 0.59. The firm has a market cap of $737.96 million, a P/E ratio of 3.33 and a beta of 3.57.
In other Denbury Resources news, insider Christian S. Kendall purchased 150,000 shares of the stock in a transaction on Tuesday, March 26th. The stock was bought at an average price of $2.00 per share, for a total transaction of $300,000.00. Following the acquisition, the insider now directly owns 1,751,765 shares of the company’s stock, valued at $3,503,530. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 1.10% of the stock is owned by insiders.
Several large investors have recently modified their holdings of DNR. M Holdings Securities Inc. bought a new position in shares of Denbury Resources in the fourth quarter worth $25,000. IFG Advisory LLC bought a new position in shares of Denbury Resources in the first quarter worth $25,000. Summit Financial Wealth Advisors LLC bought a new position in shares of Denbury Resources in the first quarter worth $26,000. D.A. Davidson & CO. bought a new position in shares of Denbury Resources in the fourth quarter worth $34,000. Finally, PEAK6 Investments LLC bought a new position in shares of Denbury Resources in the fourth quarter worth $38,000. Institutional investors and hedge funds own 82.92% of the company’s stock.
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About Denbury Resources (NYSE:DNR)
Denbury Resources Inc operates as an independent oil and natural gas company in the United States. It holds interests in various oil and natural gas properties located in Mississippi, Texas, Louisiana, and Alabama in the Gulf Coast region; and in Montana, North Dakota, and Wyoming in the Rocky Mountain region.
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