Denbury Resources Inc. (NYSE:DNR) has been given an average rating of “Hold” by the eleven analysts that are covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation and seven have issued a hold recommendation on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $3.52.

DNR has been the topic of several recent analyst reports. TheStreet downgraded shares of ZovioInc . from a “c-” rating to a “d” rating in a research note on Thursday, May 23rd. UBS Group raised shares of to a “neutral” rating and raised their price target for the stock from GBX 945 ($12.35) to GBX 2,060 ($26.92) in a research note on Thursday, June 20th. Imperial Capital reduced their price target on shares of Denbury Resources from $3.00 to $2.00 and set an “in-line” rating on the stock in a research note on Thursday, June 6th. Finally, Zacks Investment Research downgraded shares of Guaranty Federal Bancshares from a “hold” rating to a “sell” rating in a research note on Tuesday, April 23rd.

In related news, insider Christian S. Kendall purchased 100,000 shares of Denbury Resources stock in a transaction that occurred on Wednesday, June 26th. The shares were bought at an average price of $1.25 per share, with a total value of $125,000.00. Following the purchase, the insider now directly owns 2,003,390 shares of the company’s stock, valued at approximately $2,504,237.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.20% of the company’s stock.

Institutional investors have recently modified their holdings of the business. Summit Financial Wealth Advisors LLC bought a new position in Denbury Resources during the 1st quarter worth about $26,000. IFG Advisory LLC bought a new position in Denbury Resources during the 1st quarter worth about $25,000. M Holdings Securities Inc. bought a new position in Denbury Resources during the 4th quarter worth about $25,000. Los Angeles Capital Management & Equity Research Inc. bought a new position in Denbury Resources during the 4th quarter worth about $40,000. Finally, Pensionmark Financial Group LLC bought a new position in Denbury Resources during the 4th quarter worth about $43,000. Institutional investors own 80.13% of the company’s stock.

Shares of DNR traded up $0.03 during midday trading on Friday, hitting $1.11. The stock had a trading volume of 8,419,132 shares, compared to its average volume of 12,887,601. Denbury Resources has a 1 year low of $1.06 and a 1 year high of $6.75. The stock has a market capitalization of $498.12 million, a price-to-earnings ratio of 2.31 and a beta of 3.36. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 2.40. The company’s 50 day moving average is $1.27.

Denbury Resources (NYSE:DNR) last announced its earnings results on Tuesday, May 7th. The oil and natural gas company reported $0.10 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.08 by $0.02. The business had revenue of $305.40 million for the quarter, compared to the consensus estimate of $314.49 million. Denbury Resources had a net margin of 18.06% and a return on equity of 20.60%. The business’s revenue for the quarter was down 13.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.12 earnings per share. As a group, sell-side analysts predict that Denbury Resources will post 0.46 earnings per share for the current year.

About Denbury Resources

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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Analyst Recommendations for Denbury Resources (NYSE:DNR)

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