Johnson Rice reaffirmed their hold rating on shares of Denbury Resources Inc. (NYSE:DNR) in a research note published on Tuesday morning.

Several other brokerages have also commented on DNR. Zacks Investment Research raised shares of Denbury Resources from a hold rating to a buy rating and set a $3.25 price target for the company in a research report on Wednesday, August 10th. Mizuho initiated coverage on shares of Denbury Resources in a research report on Wednesday, October 5th. They set a neutral rating and a $3.00 price target for the company. Finally, Barclays PLC lowered shares of Denbury Resources from an equal weight rating to an underweight rating and dropped their price target for the stock from $3.00 to $2.50 in a research report on Wednesday, August 10th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average target price of $2.51.

Denbury Resources (NYSE:DNR) traded up 2.708% during midday trading on Tuesday, hitting $2.845. 1,497,016 shares of the stock traded hands. The company’s market cap is $1.05 billion. Denbury Resources has a one year low of $0.86 and a one year high of $4.80. The company’s 50-day moving average is $3.00 and its 200-day moving average is $3.39.

Denbury Resources (NYSE:DNR) last announced its quarterly earnings data on Thursday, August 4th. The company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.06. The business had revenue of $255.15 million for the quarter, compared to the consensus estimate of $285.70 million. Denbury Resources had a negative net margin of 361.13% and a positive return on equity of 6.04%. The company’s quarterly revenue was down 32.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.13 earnings per share. Equities research analysts expect that Denbury Resources will post ($0.01) EPS for the current fiscal year.

In other Denbury Resources news, Director Greg Mcmichael sold 10,000 shares of the firm’s stock in a transaction dated Monday, August 15th. The shares were sold at an average price of $3.13, for a total transaction of $31,300.00. Following the transaction, the director now owns 89,379 shares of the company’s stock, valued at approximately $279,756.27. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.86% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in DNR. Amalgamated Bank boosted its position in Denbury Resources by 2.0% in the second quarter. Amalgamated Bank now owns 40,571 shares of the company’s stock valued at $116,000 after buying an additional 783 shares during the last quarter. World Asset Management Inc boosted its position in Denbury Resources by 6.6% in the second quarter. World Asset Management Inc now owns 29,375 shares of the company’s stock valued at $105,000 after buying an additional 1,829 shares during the last quarter. State Treasurer State of Michigan boosted its position in Denbury Resources by 1.4% in the second quarter. State Treasurer State of Michigan now owns 140,692 shares of the company’s stock valued at $505,000 after buying an additional 1,900 shares during the last quarter. Teacher Retirement System of Texas boosted its position in Denbury Resources by 14.2% in the second quarter. Teacher Retirement System of Texas now owns 48,399 shares of the company’s stock valued at $174,000 after buying an additional 6,026 shares during the last quarter. Finally, Comerica Bank boosted its position in Denbury Resources by 2.5% in the second quarter. Comerica Bank now owns 273,374 shares of the company’s stock valued at $823,000 after buying an additional 6,671 shares during the last quarter. 90.47% of the stock is currently owned by hedge funds and other institutional investors.

Denbury Resources Company Profile

Denbury Resources Inc is an independent oil and natural gas company. The Company’s operations are focused on two operating areas: the Gulf Coast and Rocky Mountain regions. Its properties with proved and producing reserves in the Gulf Coast region are situated in Mississippi, Texas, Louisiana and Alabama, and in the Rocky Mountain region are situated in Montana, North Dakota and Wyoming.

5 Day Chart for NYSE:DNR

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