Denbury Resources Inc. (NYSE:DNR) shares hit a new 52-week high during mid-day trading on Monday . The company traded as high as $6.15 and last traded at $6.14, with a volume of 1447968 shares trading hands. The stock had previously closed at $5.73.

A number of research analysts recently issued reports on the company. ValuEngine upgraded Denbury Resources from a “sell” rating to a “hold” rating in a research note on Tuesday, July 10th. TheStreet raised Denbury Resources from a “d” rating to a “c-” rating in a report on Wednesday, August 22nd. Royal Bank of Canada reissued a “hold” rating and issued a $5.00 price target on shares of Denbury Resources in a report on Friday, July 13th. KLR Group reissued a “hold” rating and issued a $5.00 price target on shares of Denbury Resources in a report on Monday, August 20th. Finally, Stifel Nicolaus boosted their price target on Denbury Resources from $1.30 to $4.60 and gave the stock a “hold” rating in a report on Wednesday, August 1st. Nine research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $3.59.

The firm has a market capitalization of $2.57 billion, a PE ratio of 44.00 and a beta of 3.39. The company has a debt-to-equity ratio of 3.04, a current ratio of 0.43 and a quick ratio of 0.43.

Denbury Resources (NYSE:DNR) last released its quarterly earnings results on Tuesday, August 7th. The oil and natural gas company reported $0.13 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.02. Denbury Resources had a return on equity of 25.74% and a net margin of 14.77%. The company had revenue of $387.06 million for the quarter, compared to analyst estimates of $328.72 million. analysts predict that Denbury Resources Inc. will post 0.48 EPS for the current year.

In related news, CAO James S. Matthews sold 20,000 shares of the stock in a transaction on Thursday, August 23rd. The stock was sold at an average price of $4.86, for a total transaction of $97,200.00. Following the sale, the chief accounting officer now owns 459,949 shares in the company, valued at approximately $2,235,352.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.10% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the business. Wells Fargo & Company MN raised its holdings in shares of Denbury Resources by 7.4% during the first quarter. Wells Fargo & Company MN now owns 790,827 shares of the oil and natural gas company’s stock worth $2,167,000 after acquiring an additional 54,679 shares during the period. Rhumbline Advisers grew its position in Denbury Resources by 35.5% in the first quarter. Rhumbline Advisers now owns 1,281,574 shares of the oil and natural gas company’s stock valued at $3,512,000 after purchasing an additional 335,636 shares in the last quarter. Swiss National Bank grew its position in Denbury Resources by 7.1% in the first quarter. Swiss National Bank now owns 701,500 shares of the oil and natural gas company’s stock valued at $1,922,000 after purchasing an additional 46,700 shares in the last quarter. Thrivent Financial for Lutherans grew its position in Denbury Resources by 315.1% in the first quarter. Thrivent Financial for Lutherans now owns 1,048,622 shares of the oil and natural gas company’s stock valued at $2,874,000 after purchasing an additional 796,032 shares in the last quarter. Finally, Northern Trust Corp grew its position in Denbury Resources by 1.3% in the first quarter. Northern Trust Corp now owns 4,709,078 shares of the oil and natural gas company’s stock valued at $12,903,000 after purchasing an additional 61,152 shares in the last quarter. 84.97% of the stock is currently owned by institutional investors.

Denbury Resources Company Profile (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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