Denbury Resources (NYSE:DNR) Director Laura A. Sugg sold 12,500 shares of Denbury Resources stock in a transaction on Thursday, April 5th. The stock was sold at an average price of $2.80, for a total transaction of $35,000.00. Following the completion of the transaction, the director now owns 153,341 shares in the company, valued at approximately $429,354.80. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.
Shares of NYSE:DNR traded up $0.06 on Monday, hitting $2.84. 7,115,815 shares of the company were exchanged, compared to its average volume of 8,905,316. Denbury Resources has a one year low of $0.92 and a one year high of $2.91. The company has a debt-to-equity ratio of 4.60, a quick ratio of 0.44 and a current ratio of 0.44. The company has a market cap of $1,117.33, a price-to-earnings ratio of 20.29 and a beta of 3.13.
Denbury Resources (NYSE:DNR) last posted its quarterly earnings data on Thursday, February 22nd. The oil and natural gas company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.05. Denbury Resources had a net margin of 14.44% and a return on equity of 10.20%. The company had revenue of $321.00 million for the quarter, compared to the consensus estimate of $310.27 million. During the same quarter in the previous year, the firm posted ($0.02) EPS. The business’s revenue was up 20.7% compared to the same quarter last year. equities analysts predict that Denbury Resources will post 0.44 EPS for the current year.
Several large investors have recently bought and sold shares of the company. BlackRock Inc. increased its holdings in shares of Denbury Resources by 2.9% during the 4th quarter. BlackRock Inc. now owns 52,960,970 shares of the oil and natural gas company’s stock worth $117,044,000 after purchasing an additional 1,516,392 shares during the period. Geode Capital Management LLC increased its holdings in shares of Denbury Resources by 11.0% during the 4th quarter. Geode Capital Management LLC now owns 3,498,637 shares of the oil and natural gas company’s stock worth $7,731,000 after purchasing an additional 346,183 shares during the period. California Public Employees Retirement System increased its holdings in shares of Denbury Resources by 7.2% during the 3rd quarter. California Public Employees Retirement System now owns 3,485,073 shares of the oil and natural gas company’s stock worth $4,670,000 after purchasing an additional 233,475 shares during the period. Millennium Management LLC increased its holdings in shares of Denbury Resources by 314.1% during the 4th quarter. Millennium Management LLC now owns 3,410,876 shares of the oil and natural gas company’s stock worth $7,538,000 after purchasing an additional 2,587,244 shares during the period. Finally, Janus Henderson Group PLC increased its holdings in shares of Denbury Resources by 778.1% during the 3rd quarter. Janus Henderson Group PLC now owns 3,142,630 shares of the oil and natural gas company’s stock worth $4,211,000 after purchasing an additional 2,784,747 shares during the period. Institutional investors own 81.04% of the company’s stock.
DNR has been the topic of several recent analyst reports. Royal Bank of Canada reiterated a “hold” rating and issued a $2.00 target price on shares of Denbury Resources in a report on Wednesday, December 20th. ValuEngine downgraded shares of Denbury Resources from a “hold” rating to a “sell” rating in a report on Sunday, December 31st. Zacks Investment Research upgraded shares of Denbury Resources from a “hold” rating to a “strong-buy” rating and set a $2.50 target price on the stock in a report on Tuesday, January 9th. Mizuho upgraded shares of Denbury Resources from a “neutral” rating to a “buy” rating in a report on Tuesday, January 16th. Finally, UBS initiated coverage on shares of Denbury Resources in a report on Wednesday, March 7th. They issued a “neutral” rating and a $2.50 target price on the stock. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $1.82.
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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.
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