Insider Selling: Denbury Resources (DNR) Director Sells $40,750.00 in Stock

Denbury Resources (NYSE:DNR) Director Laura A. Sugg sold 12,500 shares of the stock in a transaction that occurred on Thursday, April 19th. The stock was sold at an average price of $3.26, for a total transaction of $40,750.00. Following the completion of the sale, the director now owns 128,341 shares in the company, valued at $418,391.66. The transaction was disclosed in a filing with the SEC, which is available through this link.

DNR stock opened at $3.19 on Thursday. The company has a debt-to-equity ratio of 4.60, a quick ratio of 0.44 and a current ratio of 0.44. Denbury Resources has a 52 week low of $0.92 and a 52 week high of $3.33. The firm has a market cap of $1,302.22, a P/E ratio of 23.14 and a beta of 3.15.

Denbury Resources (NYSE:DNR) last released its earnings results on Thursday, February 22nd. The oil and natural gas company reported $0.12 EPS for the quarter, beating the Thomson Reuters’ 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 analyst estimates of $310.27 million. During the same quarter last year, the firm earned ($0.02) EPS. The firm’s quarterly revenue was up 20.7% compared to the same quarter last year. research analysts expect that Denbury Resources will post 0.39 earnings per share for the current year.

Several analysts have issued reports on the stock. Zacks Investment Research cut shares of Denbury Resources from a “buy” rating to a “hold” rating in a research note on Wednesday, January 31st. UBS assumed coverage on shares of Denbury Resources in a research note on Wednesday, March 7th. They issued a “neutral” rating and a $2.50 target price on the stock. ValuEngine cut shares of Denbury Resources from a “hold” rating to a “sell” rating in a research note on Sunday, December 31st. Finally, Mizuho raised shares of Denbury Resources from a “neutral” rating to a “buy” rating in a report on Tuesday, January 16th. Three analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $2.00.

Hedge funds have recently added to or reduced their stakes in the stock. HBK Investments L P bought a new position in shares of Denbury Resources during the 4th quarter valued at $144,000. Two Sigma Advisers LP bought a new position in shares of Denbury Resources during the 4th quarter valued at $163,000. Virtu Financial LLC grew its holdings in shares of Denbury Resources by 81.2% during the 4th quarter. Virtu Financial LLC now owns 101,395 shares of the oil and natural gas company’s stock valued at $224,000 after purchasing an additional 45,431 shares during the last quarter. OTA Financial Group L.P. bought a new stake in Denbury Resources in the 4th quarter worth $224,000. Finally, MetLife Investment Advisors LLC bought a new stake in Denbury Resources in the 4th quarter worth $233,000. 81.24% of the stock is currently owned by institutional investors.

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About Denbury Resources

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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