Denbury Resources Inc. (NYSE:DNR) Shares Slipping Lower

Ivan Schwartz
June 22, 2017

The stock's traded 5.04 million shares in session while it holds an average volume of 7.5 million shares.

Denbury Resources (NYSE:DNR) 52-week high price stands at $4.70 and low price stands at $1.35, its price distance from 52-week high is -69.33% while its distance from 52-week low price is 6.67%. The firm owned 472,615 shares of the oil and natural gas company's stock after buying an additional 145,754 shares during the period. Denbury Resources earned a daily sentiment score of -0.06 on Alpha One's scale. However the company reported $0.08 earnings per share for the same quarter during a year ago. Systematic Financial Management LP raised its stake in Denbury Resources by 0.5% in the fourth quarter. Louisiana State Employees Retirement System now owns 162,200 shares of the oil and natural gas company's stock valued at $418,000 after buying an additional 63,700 shares in the last quarter. Norges Bank bought a new stake in Denbury Resources during the fourth quarter worth $25,138,000. The value of the company's investment in Denbury Resources Inc. Capstone Asset Management Co. now owns 71,238 shares of the oil and natural gas company's stock valued at $184,000 after buying an additional 47,130 shares in the last quarter.

Other institutional investors have also made changes to their positions in the company.

Sunrun Inc Cmn Stk (NASDAQ:RUN) has average revenue estimates of $142.74 Million, compared to low analyst estimates of $132.2 Million and high estimates of $150.6 Million for the current quarter. (NYSE DNR) opened at 1.44 on Wednesday. The stock has a 50 day moving average price of $1.71 and a 200 day moving average price of $2.75. The company was initiated on Tuesday, April 26 by KeyBanc Capital Markets.

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Denbury Resources Inc. (NYSE:DNR) has accumulated 1.43% over the course of one week. The oil and natural gas company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.01) by $0.01. The company had revenue of $264 million during the quarter, compared to analysts' expectations of $254.67 million. The Return on Equity (ROE) and Return on Investment (ROI) values are -115.1 percent and -20.9 percent respectively. Year to Date (YTD) performance of Denbury Resources Inc. Next quarter's EPS is estimated at $0.06 with next year's EPS anticipated to be $0.30. If Denbury Resources Inc.

Elm Ridge Management Llc increased Denbury Res Inc (DNR) stake by 86.04% reported in 2016Q4 SEC filing. If you are viewing this piece on another publication, it was stolen and republished in violation of worldwide copyright and trademark law. The legal version of this piece of content can be read at Greg Mcmichael, Director reported the sale of 10,000 shares of DNR stock. Average estimation for the current quarter has been provided by 7 analysts. "Ultimately, through all this investigation into the company's performance the analyst decides if their stock is a "buy", sell" or hold". KLR Group reaffirmed a "buy" rating and set a $5.00 price objective on shares of Denbury Resources in a research note on Wednesday, March 15th. Finally, Credit Suisse Group reiterated an "underperform" rating and set a $2.00 target price on shares of Denbury Resources in a research report on Friday, June 2nd. On February 22 the company was rated "Hold" in a report from Johnson Rice a cut from the previous "Buy" rating.

On January 29 Barclays held the company rating at "Equalweight" but lowered the price target to $2.00 from $4.00. As long as a stock's price remains above the 200 SMA on the daily time frame, the stock is generally considered to be in an overall uptrend. Following the sale, the director now directly owns 73,379 shares of the company's stock, valued at $163,635.17. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The firm owned 56,459 shares of the oil and natural gas company's stock after selling 56,629 shares during the period. The Company's activities are focused in two operating areas: the Gulf Coast and Rocky Mountain regions.

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