Vanguard Group Inc. increased its position in shares of Denbury Resources Inc. (NYSE:DNR) by 4.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 61,830,605 shares of the oil and natural gas company’s stock after acquiring an additional 2,706,664 shares during the period. Vanguard Group Inc. owned about 13.43% of Denbury Resources worth $383,349,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently bought and sold shares of DNR. Strs Ohio acquired a new position in Denbury Resources during the 3rd quarter worth about $151,000. Victory Capital Management Inc. purchased a new stake in Denbury Resources during the 3rd quarter worth about $234,000. American Century Companies Inc. purchased a new stake in Denbury Resources during the 2nd quarter worth about $285,000. PEAK6 Investments L.P. purchased a new stake in Denbury Resources during the 2nd quarter worth about $320,000. Finally, Penserra Capital Management LLC increased its holdings in Denbury Resources by 161.0% during the 3rd quarter. Penserra Capital Management LLC now owns 59,244 shares of the oil and natural gas company’s stock worth $367,000 after purchasing an additional 36,548 shares during the period. 87.56% of the stock is currently owned by hedge funds and other institutional investors.
Several equities research analysts have weighed in on DNR shares. Zacks Investment Research downgraded Denbury Resources from a “buy” rating to a “hold” rating in a report on Tuesday, October 9th. Capital One Financial downgraded Denbury Resources from an “overweight” rating to an “underweight” rating in a report on Thursday, December 20th. Oppenheimer started coverage on Denbury Resources in a report on Wednesday, October 3rd. They set an “outperform” rating and a $9.00 price target on the stock. Johnson Rice downgraded Denbury Resources from an “accumulate” rating to a “hold” rating in a report on Tuesday. Finally, TheStreet downgraded Denbury Resources from a “c-” rating to a “d+” rating in a report on Friday, November 2nd. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $4.79.
DNR opened at $2.23 on Thursday. Denbury Resources Inc. has a one year low of $1.39 and a one year high of $6.75. The stock has a market capitalization of $1.01 billion, a PE ratio of 15.93 and a beta of 3.55. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 2.80.
Denbury Resources (NYSE:DNR) last released its quarterly earnings data on Thursday, November 8th. The oil and natural gas company reported $0.13 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.02. Denbury Resources had a return on equity of 27.79% and a net margin of 18.81%. The business had revenue of $395.00 million for the quarter, compared to the consensus estimate of $348.39 million. During the same quarter in the prior year, the business posted $0.04 EPS. The business’s revenue for the quarter was up 48.2% on a year-over-year basis. On average, research analysts expect that Denbury Resources Inc. will post 0.48 earnings per share for the current year.
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Denbury Resources 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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