Denbury Resources Inc. (NYSE:DNR) saw a significant decrease in short interest in February. As of February 28th, there was short interest totalling 69,873,056 shares, a decrease of 4.8% from the February 15th total of 73,434,455 shares. Based on an average trading volume of 10,297,247 shares, the days-to-cover ratio is presently 6.8 days. Approximately 15.4% of the company’s shares are short sold.

NYSE:DNR opened at $1.69 on Friday. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 2.33. The stock has a market cap of $778.15 million, a P/E ratio of 3.52 and a beta of 3.58. Denbury Resources has a 52-week low of $1.39 and a 52-week high of $6.75.

Denbury Resources (NYSE:DNR) last posted its quarterly earnings data on Wednesday, February 27th. The oil and natural gas company reported $0.10 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.09 by $0.01. The business had revenue of $336.00 million during the quarter, compared to the consensus estimate of $329.65 million. Denbury Resources had a return on equity of 23.95% and a net margin of 21.90%. Denbury Resources’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period last year, the company earned $0.12 earnings per share. On average, research analysts predict that Denbury Resources will post 0.43 earnings per share for the current year.

Several large investors have recently bought and sold shares of the stock. American Century Companies Inc. grew its holdings in shares of Denbury Resources by 0.5% during the fourth quarter. American Century Companies Inc. now owns 1,470,258 shares of the oil and natural gas company’s stock worth $2,514,000 after buying an additional 7,623 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Denbury Resources by 7.4% during the fourth quarter. Geode Capital Management LLC now owns 4,795,985 shares of the oil and natural gas company’s stock worth $8,200,000 after buying an additional 329,256 shares in the last quarter. Norges Bank bought a new position in shares of Denbury Resources during the fourth quarter worth about $12,891,000. Dimensional Fund Advisors LP grew its holdings in shares of Denbury Resources by 4.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 20,876,184 shares of the oil and natural gas company’s stock worth $35,699,000 after buying an additional 853,975 shares in the last quarter. Finally, Nordea Investment Management AB grew its holdings in shares of Denbury Resources by 66.6% during the fourth quarter. Nordea Investment Management AB now owns 347,700 shares of the oil and natural gas company’s stock worth $594,000 after buying an additional 139,000 shares in the last quarter. Institutional investors and hedge funds own 87.93% of the company’s stock.

Several brokerages have issued reports on DNR. TheStreet upgraded Denbury Resources from a “d+” rating to a “c” rating in a report on Monday, December 17th. UBS Group set a $3.00 price target on Denbury Resources and gave the stock a “hold” rating in a report on Monday, December 10th. Stephens began coverage on Denbury Resources in a report on Thursday, December 6th. They issued a “weight” rating and a $4.00 price target for the company. Zacks Investment Research upgraded Denbury Resources from a “hold” rating to a “buy” rating and set a $2.25 price target for the company in a report on Wednesday, January 23rd. Finally, Oppenheimer downgraded Denbury Resources from an “outperform” rating to a “hold” rating and set a $9.00 price target for the company. in a report on Friday, November 30th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the stock. Denbury Resources presently has a consensus rating of “Hold” and a consensus target price of $4.61.

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Denbury Resources Company Profile

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.

Further Reading: Systematic Risk

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