Shares of Denbury Resources Inc. (NYSE:DNR) gapped up before the market opened on Wednesday . The stock had previously closed at $1.94, but opened at $1.89. Denbury Resources shares last traded at $1.88, with a volume of 159579 shares.

A number of analysts recently weighed in on the stock. Zacks Investment Research raised shares of Denbury Resources from a “sell” rating to a “hold” rating in a report on Tuesday, April 23rd. Imperial Capital raised shares of Denbury Resources from an “in-line” rating to an “outperform” rating in a report on Wednesday, April 24th. Finally, Oppenheimer reaffirmed a “hold” rating on shares of Denbury Resources in a report on Thursday, March 21st. Two analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $4.36.

The company has a debt-to-equity ratio of 2.40, a quick ratio of 0.59 and a current ratio of 0.59. The company has a market capitalization of $825.59 million, a P/E ratio of 3.92 and a beta of 3.57.

Denbury Resources (NYSE:DNR) last released its quarterly earnings results on Tuesday, May 7th. The oil and natural gas company reported $0.10 EPS for the quarter, topping the Zacks’ consensus estimate of $0.08 by $0.02. Denbury Resources had a net margin of 18.06% and a return on equity of 20.60%. The business had revenue of $305.40 million during the quarter, compared to analysts’ expectations of $314.49 million. During the same quarter in the previous year, the company earned $0.12 EPS. The business’s quarterly revenue was down 13.5% compared to the same quarter last year. Analysts anticipate that Denbury Resources Inc. will post 0.47 earnings per share for the current year.

In related news, insider Christian S. Kendall purchased 150,000 shares of the business’s stock in a transaction on Tuesday, March 26th. The stock was acquired at an average price of $2.00 per share, with a total value of $300,000.00. Following the purchase, the insider now directly owns 1,751,765 shares in the company, valued at $3,503,530. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.10% of the stock is owned by insiders.

Institutional investors have recently made changes to their positions in the company. Summit Financial Wealth Advisors LLC purchased a new stake in shares of Denbury Resources in the 1st quarter valued at $26,000. IFG Advisory LLC purchased a new stake in shares of Denbury Resources in the 1st quarter valued at $25,000. M Holdings Securities Inc. purchased a new stake in shares of Denbury Resources in the 4th quarter valued at $25,000. D.A. Davidson & CO. purchased a new stake in shares of Denbury Resources in the 4th quarter valued at $34,000. Finally, PEAK6 Investments LLC purchased a new stake in shares of Denbury Resources in the 4th quarter valued at $38,000. 88.47% of the stock is owned by institutional investors.

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About Denbury Resources (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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