Denbury Resources Inc. (NYSE:DNR) shares gapped up prior to trading on Tuesday . The stock had previously closed at $2.18, but opened at $2.04. Denbury Resources shares last traded at $1.98, with a volume of 3745372 shares changing hands.

A number of research analysts recently issued reports on DNR shares. KeyCorp reaffirmed a “hold” rating on shares of Denbury Resources in a report on Monday, November 13th. Zacks Investment Research cut Denbury Resources from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 5th. Royal Bank of Canada reaffirmed a “hold” rating and issued a $2.00 price target on shares of Denbury Resources in a report on Wednesday, December 20th. ValuEngine cut Denbury Resources from a “hold” rating to a “sell” rating in a report on Sunday, December 31st. Finally, Mizuho raised Denbury Resources from a “neutral” rating to a “buy” rating in a report on Tuesday, January 16th. Four analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company’s stock. Denbury Resources has a consensus rating of “Hold” and a consensus price target of $2.09.

The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 5.91. The firm has a market capitalization of $872.56, a PE ratio of -2.41 and a beta of 3.49.

A number of hedge funds have recently made changes to their positions in the stock. Teachers Retirement System of The State of Kentucky increased its position in Denbury Resources by 11.5% in the second quarter. Teachers Retirement System of The State of Kentucky now owns 96,950 shares of the oil and natural gas company’s stock worth $148,000 after purchasing an additional 10,000 shares during the period. Thrivent Financial For Lutherans increased its position in Denbury Resources by 4.6% in the second quarter. Thrivent Financial For Lutherans now owns 236,150 shares of the oil and natural gas company’s stock worth $361,000 after purchasing an additional 10,380 shares during the period. California State Teachers Retirement System grew its position in shares of Denbury Resources by 1.7% during the 2nd quarter. California State Teachers Retirement System now owns 704,541 shares of the oil and natural gas company’s stock worth $1,078,000 after buying an additional 11,700 shares during the period. Foundry Partners LLC grew its position in shares of Denbury Resources by 3.3% during the 4th quarter. Foundry Partners LLC now owns 1,000,171 shares of the oil and natural gas company’s stock worth $2,210,000 after buying an additional 31,824 shares during the period. Finally, UBS Asset Management Americas Inc. grew its position in shares of Denbury Resources by 12.7% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 370,421 shares of the oil and natural gas company’s stock worth $567,000 after buying an additional 41,794 shares during the period. Hedge funds and other institutional investors own 80.02% of the company’s stock.

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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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