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.

Denbury Resources (NYSE:DNR) last posted its quarterly earnings results on Tuesday, May 7th. The oil and natural gas company reported $0.10 EPS for the quarter, beating the consensus estimate of $0.08 by $0.02. The company had revenue of $305.40 million during the quarter, compared to analysts’ expectations of $314.49 million. Denbury Resources had a return on equity of 20.60% and a net margin of 18.06%. The firm’s revenue was down 13.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.12 EPS. On average, analysts forecast that Denbury Resources Inc. will post 0.48 earnings per share for the current year.

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.

ILLEGAL ACTIVITY WARNING: “Denbury Resources (DNR) Shares Gap Up to $1.55” was originally posted by Daily Political and is owned by of Daily Political. If you are accessing this story on another domain, it was stolen and republished in violation of international copyright and trademark legislation. The legal version of this story can be viewed at https://www.dailypolitical.com/2019/05/26/denbury-resources-dnr-shares-gap-up-to-1-55.html.

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.

Featured Story: What is the Bid-Ask Spread?

Receive News & Ratings for Denbury Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Denbury Resources and related companies with MarketBeat.com's FREE daily email newsletter.