Denbury Resources Inc. (NYSE:DNR)’s share price was down 6.3% during mid-day trading on Monday . The company traded as low as $1.75 and last traded at $1.79. Approximately 14,265,000 shares changed hands during trading, an increase of 16% from the average daily volume of 12,272,762 shares. The stock had previously closed at $1.91.

A number of equities analysts recently issued reports on DNR shares. Oppenheimer reiterated a “hold” rating on shares of Denbury Resources in a research report on Thursday, March 21st. Imperial Capital upgraded shares of Denbury Resources from an “in-line” rating to an “outperform” rating in a research report on Wednesday, April 24th. Finally, Zacks Investment Research cut shares of Denbury Resources from a “buy” rating to a “hold” rating in a research report on Monday, January 28th. Two equities research analysts have rated the stock with a sell rating and eight have given a hold rating to the company. The company currently has an average rating of “Hold” and an average target price of $4.36.

The company has a debt-to-equity ratio of 2.40, a quick ratio of 0.59 and a current ratio of 0.59. The stock has a market cap of $825.59 million, a PE ratio of 3.96 and a beta of 3.57.

Denbury Resources (NYSE:DNR) last announced its quarterly earnings results on Tuesday, May 7th. The oil and natural gas company reported $0.10 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.08 by $0.02. Denbury Resources had a net margin of 18.06% and a return on equity of 20.60%. The firm had revenue of $305.40 million during the quarter, compared to analysts’ expectations of $314.49 million. During the same period in the prior year, the company posted $0.12 EPS. The company’s revenue was down 13.5% on a year-over-year basis. As a group, equities research analysts forecast that Denbury Resources Inc. will post 0.47 EPS for the current year.

In other Denbury Resources news, insider Christian S. Kendall purchased 150,000 shares of the firm’s stock in a transaction on Tuesday, March 26th. The stock was purchased at an average cost of $2.00 per share, for a total transaction of $300,000.00. Following the transaction, the insider now owns 1,751,765 shares in the company, valued at approximately $3,503,530. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.10% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. LS Investment Advisors LLC boosted its stake in shares of Denbury Resources by 5.1% in the 1st quarter. LS Investment Advisors LLC now owns 90,058 shares of the oil and natural gas company’s stock valued at $185,000 after purchasing an additional 4,352 shares during the last quarter. State of Alaska Department of Revenue boosted its stake in shares of Denbury Resources by 3.2% in the 4th quarter. State of Alaska Department of Revenue now owns 153,926 shares of the oil and natural gas company’s stock valued at $263,000 after purchasing an additional 4,775 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Denbury Resources by 23.1% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 28,293 shares of the oil and natural gas company’s stock valued at $48,000 after purchasing an additional 5,309 shares during the last quarter. SG Americas Securities LLC boosted its stake in shares of Denbury Resources by 25.9% in the 4th quarter. SG Americas Securities LLC now owns 27,643 shares of the oil and natural gas company’s stock valued at $47,000 after purchasing an additional 5,688 shares during the last quarter. Finally, Shelton Capital Management boosted its stake in shares of Denbury Resources by 15.4% in the 4th quarter. Shelton Capital Management now owns 46,431 shares of the oil and natural gas company’s stock valued at $79,000 after purchasing an additional 6,195 shares during the last quarter. Hedge funds and other institutional investors own 88.47% 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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