Denbury Resources (NYSE:DNR) Stock Price Down 5%

Denbury Resources Inc. (NYSE:DNR) fell 5% on Tuesday . The company traded as low as $1.10 and last traded at $1.13, 10,450,329 shares changed hands during mid-day trading. A decline of 20% from the average session volume of 13,032,342 shares. The stock had previously closed at $1.19.

A number of brokerages recently weighed in on DNR. Royal Bank of Canada set a $2.00 price objective on shares of Denbury Resources and gave the stock a “hold” rating in a report on Monday, August 12th. UBS Group set a $2.00 price objective on shares of Denbury Resources and gave the stock a “hold” rating in a report on Thursday, June 20th. Finally, Imperial Capital decreased their price objective on shares of Denbury Resources from $3.00 to $2.00 and set an “in-line” rating for the company in a report on Thursday, June 6th. Two investment analysts have rated the stock with a sell rating and six have given a hold rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $3.54.

The company has a market capitalization of $561.24 million, a PE ratio of 2.35 and a beta of 3.36. The business’s fifty day moving average is $1.16 and its two-hundred day moving average is $1.51. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 1.98.

Denbury Resources (NYSE:DNR) last announced its quarterly earnings data on Wednesday, August 7th. The oil and natural gas company reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.04. Denbury Resources had a net margin of 27.05% and a return on equity of 18.67%. The company had revenue of $343.36 million during the quarter, compared to analyst estimates of $331.52 million. During the same period in the previous year, the business earned $0.13 EPS. The firm’s revenue for the quarter was down 11.3% on a year-over-year basis. As a group, equities research analysts anticipate that Denbury Resources Inc. will post 0.42 EPS for the current year.

A number of hedge funds and other institutional investors have recently made changes to their positions in DNR. Municipal Employees Retirement System of Michigan grew its position in Denbury Resources by 57.4% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 256,560 shares of the oil and natural gas company’s stock worth $318,000 after purchasing an additional 93,580 shares during the period. First Trust Advisors LP grew its position in Denbury Resources by 436.5% in the 2nd quarter. First Trust Advisors LP now owns 1,179,148 shares of the oil and natural gas company’s stock worth $1,462,000 after purchasing an additional 959,380 shares during the period. Sunbelt Securities Inc. grew its position in Denbury Resources by 42.3% in the 2nd quarter. Sunbelt Securities Inc. now owns 274,130 shares of the oil and natural gas company’s stock worth $340,000 after purchasing an additional 81,465 shares during the period. SG Americas Securities LLC grew its position in Denbury Resources by 37.2% in the 2nd quarter. SG Americas Securities LLC now owns 297,826 shares of the oil and natural gas company’s stock worth $369,000 after purchasing an additional 80,770 shares during the period. Finally, Swiss National Bank grew its position in Denbury Resources by 2.1% in the 2nd quarter. Swiss National Bank now owns 856,800 shares of the oil and natural gas company’s stock worth $1,062,000 after purchasing an additional 17,500 shares during the period. Institutional investors own 75.14% of the company’s stock.

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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