Denbury Resources (NYSE:DNR) Hits New 12-Month Low at $1.12

Denbury Resources Inc. (NYSE:DNR)’s stock price hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $1.12 and last traded at $1.13, with a volume of 15757720 shares traded. The stock had previously closed at $1.19.

A number of research analysts have recently weighed in on the company. Oppenheimer set a $63.00 price objective on Six Flags Entertainment and gave the company a “buy” rating in a research report on Thursday, March 21st. UBS Group raised to a “neutral” rating and lifted their price objective for the company from GBX 945 ($12.35) to GBX 2,060 ($26.92) in a research report on Thursday, June 20th. TheStreet cut ZovioInc . from a “c-” rating to a “d” rating in a research report on Thursday, May 23rd. Zacks Investment Research cut Guaranty Federal Bancshares from a “hold” rating to a “sell” rating in a research report on Tuesday, April 23rd. Finally, Imperial Capital lowered their price objective on Denbury Resources from $3.00 to $2.00 and set an “in-line” rating on the stock in a research report on Thursday, June 6th. Two investment analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. The company presently has an average rating of “Hold” and an average target price of $4.12.

The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 2.40. The company has a market capitalization of $539.64 million, a PE ratio of 2.33 and a beta of 3.36. The company’s 50-day moving average price is $1.29.

Denbury Resources (NYSE:DNR) last posted its quarterly earnings data on Tuesday, May 7th. The oil and natural gas company reported $0.10 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.08 by $0.02. Denbury Resources had a return on equity of 20.60% and a net margin of 18.06%. The firm had revenue of $305.40 million for the quarter, compared to analysts’ expectations of $314.49 million. During the same period in the previous year, the firm earned $0.12 EPS. The business’s quarterly revenue was down 13.5% on a year-over-year basis. As a group, research analysts predict that Denbury Resources Inc. will post 0.48 EPS for the current year.

In related news, insider Christian S. Kendall acquired 100,000 shares of the stock in a transaction dated Wednesday, June 26th. The shares were purchased at an average cost of $1.25 per share, with a total value of $125,000.00. Following the transaction, the insider now directly owns 2,003,390 shares in the company, valued at $2,504,237.50. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.20% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. First Trust Advisors LP raised its stake in shares of Denbury Resources by 111.9% during the fourth quarter. First Trust Advisors LP now owns 777,998 shares of the oil and natural gas company’s stock worth $1,330,000 after buying an additional 410,880 shares during the last quarter. BlackRock Inc. raised its stake in shares of Denbury Resources by 1.8% during the fourth quarter. BlackRock Inc. now owns 67,173,062 shares of the oil and natural gas company’s stock worth $114,867,000 after buying an additional 1,195,730 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of Denbury Resources by 21.2% during the fourth quarter. Bank of New York Mellon Corp now owns 6,639,414 shares of the oil and natural gas company’s stock worth $11,353,000 after buying an additional 1,161,038 shares during the last quarter. Texas Permanent School Fund raised its stake in shares of Denbury Resources by 4.0% during the fourth quarter. Texas Permanent School Fund now owns 301,376 shares of the oil and natural gas company’s stock worth $515,000 after buying an additional 11,541 shares during the last quarter. Finally, Raymond James & Associates raised its stake in shares of Denbury Resources by 261.6% during the fourth quarter. Raymond James & Associates now owns 492,324 shares of the oil and natural gas company’s stock worth $842,000 after buying an additional 356,188 shares during the last quarter. 80.13% of the stock is currently owned by institutional investors.

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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