Denbury Resources Inc. (NYSE:DNR)’s share price gapped up prior to trading on Monday . The stock had previously closed at $1.59, but opened at $1.63. Denbury Resources shares last traded at $1.74, with a volume of 5310500 shares.

A number of equities analysts recently weighed in on DNR shares. BMO Capital Markets set a $1.00 target price on shares of Denbury Resources and gave the stock a “hold” rating in a research note on Tuesday, October 10th. Stifel Nicolaus set a $1.00 price objective on shares of Denbury Resources and gave the stock a “hold” rating in a research note on Friday, August 18th. Imperial Capital started coverage on shares of Denbury Resources in a research note on Tuesday, October 3rd. They set an “in-line” rating and a $2.00 price objective for the company. BidaskClub downgraded shares of Denbury Resources from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 24th. Finally, Zacks Investment Research upgraded shares of Denbury Resources from a “hold” rating to a “buy” rating and set a $1.50 price objective for the company in a research note on Tuesday, October 10th. Four equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. Denbury Resources presently has a consensus rating of “Hold” and an average target price of $1.94.

The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 5.91.

Denbury Resources (NYSE:DNR) last issued its earnings results on Tuesday, November 7th. The oil and natural gas company reported $0.04 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.01) by $0.05. The company had revenue of $266.56 million for the quarter, compared to analysts’ expectations of $261.84 million. Denbury Resources had a negative net margin of 32.50% and a positive return on equity of 0.28%. The firm’s revenue was up 4.9% on a year-over-year basis. analysts predict that Denbury Resources Inc. will post 0.04 EPS for the current year.

Several hedge funds have recently modified their holdings of DNR. BlackRock Inc. raised its holdings in shares of Denbury Resources by 15,599.0% in the 1st quarter. BlackRock Inc. now owns 47,422,302 shares of the oil and natural gas company’s stock valued at $122,349,000 after purchasing an additional 47,120,229 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Denbury Resources by 146.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 8,529,233 shares of the oil and natural gas company’s stock valued at $22,004,000 after purchasing an additional 5,067,230 shares during the period. Schwab Charles Investment Management Inc. raised its holdings in shares of Denbury Resources by 163.9% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 6,641,359 shares of the oil and natural gas company’s stock valued at $10,162,000 after purchasing an additional 4,125,074 shares during the period. Janus Henderson Group PLC raised its holdings in shares of Denbury Resources by 778.1% in the 3rd quarter. Janus Henderson Group PLC now owns 3,142,630 shares of the oil and natural gas company’s stock valued at $4,211,000 after purchasing an additional 2,784,747 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings in shares of Denbury Resources by 24.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 12,097,850 shares of the oil and natural gas company’s stock valued at $18,510,000 after purchasing an additional 2,382,134 shares during the period. 82.85% of the stock is currently owned by institutional investors.

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About Denbury Resources

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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