Denbury Resources Inc. (NYSE:DNR)’s share price traded up 6% on Monday . The stock traded as high as $1.42 and last traded at $1.42. 5,548,838 shares traded hands during mid-day trading, a decline of 13% from the average session volume of 6,387,390 shares. The stock had previously closed at $1.34.

A number of analysts recently commented on the stock. Stifel Nicolaus restated a “hold” rating and set a $2.50 price target on shares of Denbury Resources in a research note on Friday, July 14th. BMO Capital Markets reduced their price objective on shares of Denbury Resources from $2.00 to $1.00 and set a “no rating at time” rating for the company in a research note on Friday, July 14th. Zacks Investment Research lowered shares of Denbury Resources from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 18th. ValuEngine lowered shares of Denbury Resources from a “sell” rating to a “strong sell” rating in a research note on Friday, July 28th. Finally, BidaskClub raised shares of Denbury Resources from a “sell” rating to a “hold” rating in a report on Wednesday, August 2nd. Five investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $2.36.

The stock has a 50 day moving average of $1.18 and a 200-day moving average of $1.65. The stock’s market cap is $553.66 million.

Denbury Resources (NYSE:DNR) last released its earnings results on Tuesday, August 8th. The oil and natural gas company reported $0.00 EPS for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.02. Denbury Resources had a negative net margin of 35.24% and a negative return on equity of 1.94%. The company had revenue of $261.20 million for the quarter, compared to analysts’ expectations of $248.66 million. During the same quarter last year, the business earned $0.08 EPS. The firm’s revenue was up 2.4% compared to the same quarter last year. On average, equities analysts anticipate that Denbury Resources Inc. will post $0.02 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Great West Life Assurance Co. Can increased its stake in Denbury Resources by 137.7% in the 1st quarter. Great West Life Assurance Co. Can now owns 556,369 shares of the oil and natural gas company’s stock worth $1,430,000 after buying an additional 322,290 shares in the last quarter. First Trust Advisors LP purchased a new position in shares of Denbury Resources in the first quarter valued at about $633,000. Bank of New York Mellon Corp lifted its position in shares of Denbury Resources by 9.0% in the first quarter. Bank of New York Mellon Corp now owns 5,083,342 shares of the oil and natural gas company’s stock valued at $13,114,000 after acquiring an additional 418,308 shares in the last quarter. Comerica Bank boosted its stake in shares of Denbury Resources by 44.6% in the first quarter. Comerica Bank now owns 472,615 shares of the oil and natural gas company’s stock worth $1,063,000 after acquiring an additional 145,754 shares during the period. Finally, Karp Capital Management Corp bought a new position in shares of Denbury Resources in the first quarter worth about $606,000. Institutional investors own 86.44% of the company’s stock.

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Denbury Resources Company Profile

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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