Denbury Resources Inc. (NYSE:DNR) shares shot up 5.1% during mid-day trading on Monday . The company traded as high as $2.33 and last traded at $2.26. 9,323,800 shares traded hands during mid-day trading, a decline of 3% from the average session volume of 9,659,036 shares. The stock had previously closed at $2.15.
A number of research firms have issued reports on DNR. Zacks Investment Research upgraded shares of Denbury Resources from a “hold” rating to a “buy” rating and set a $2.25 target price on the stock in a report on Wednesday, February 7th. Mizuho upgraded shares of Denbury Resources from a “neutral” rating to a “buy” rating in a report on Tuesday, January 16th. ValuEngine lowered shares of Denbury Resources from a “hold” rating to a “sell” rating in a report on Sunday, December 31st. Royal Bank of Canada restated a “hold” rating and issued a $2.00 target price on shares of Denbury Resources in a report on Wednesday, December 20th. Finally, KeyCorp restated a “hold” rating on shares of Denbury Resources in a report on Monday, November 13th. Four analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $2.09.
The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 5.91. The firm has a market capitalization of $864.51, a P/E ratio of -2.39 and a beta of 3.49.
Hedge funds and other institutional investors have recently bought and sold shares of the company. HBK Investments L P acquired a new position in shares of Denbury Resources during the 4th quarter valued at about $144,000. Two Sigma Advisers LP acquired a new position in shares of Denbury Resources during the 4th quarter valued at about $163,000. Piedmont Investment Advisors LLC increased its stake in shares of Denbury Resources by 261.7% during the 2nd quarter. Piedmont Investment Advisors LLC now owns 86,127 shares of the oil and natural gas company’s stock valued at $132,000 after acquiring an additional 62,312 shares during the last quarter. Teachers Retirement System of The State of Kentucky increased its stake in shares of Denbury Resources by 11.5% during the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 96,950 shares of the oil and natural gas company’s stock valued at $148,000 after acquiring an additional 10,000 shares during the last quarter. Finally, Virtu Financial LLC increased its stake 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 acquiring an additional 45,431 shares during the last quarter. 79.99% of the stock is owned by institutional investors.
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Denbury Resources Company Profile
Denbury Resources Inc is an independent oil and natural gas company. The Company’s operations are focused in 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.
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