American Century Companies Inc. raised its position in shares of Denbury Resources Inc. (NYSE:DNR) by 0.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,470,258 shares of the oil and natural gas company’s stock after purchasing an additional 7,623 shares during the period. American Century Companies Inc. owned 0.32% of Denbury Resources worth $2,514,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. M Holdings Securities Inc. acquired a new position in Denbury Resources during the 4th quarter valued at about $25,000. D.A. Davidson & CO. acquired a new position in Denbury Resources during the 4th quarter valued at about $34,000. PEAK6 Investments LLC acquired a new position in Denbury Resources during the 4th quarter valued at about $38,000. Los Angeles Capital Management & Equity Research Inc. acquired a new position in Denbury Resources during the 4th quarter valued at about $40,000. Finally, Pensionmark Financial Group LLC acquired a new position in Denbury Resources during the 4th quarter valued at about $43,000. 89.56% of the stock is owned by hedge funds and other institutional investors.
Shares of NYSE:DNR opened at $2.26 on Tuesday. The company has a market capitalization of $1.05 billion, a PE ratio of 4.71 and a beta of 3.58. Denbury Resources Inc. has a twelve month low of $1.39 and a twelve month high of $6.75. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 2.33.
Denbury Resources (NYSE:DNR) last issued its quarterly earnings results on Wednesday, February 27th. The oil and natural gas company reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.01. Denbury Resources had a net margin of 21.90% and a return on equity of 23.95%. The company had revenue of $336.00 million during the quarter, compared to analyst estimates of $329.65 million. During the same period in the prior year, the business posted $0.12 EPS. The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. Equities analysts forecast that Denbury Resources Inc. will post 0.45 earnings per share for the current year.
In other Denbury Resources news, insider Christian S. Kendall bought 150,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 26th. The shares were acquired at an average cost of $2.00 per share, for a total transaction of $300,000.00. Following the acquisition, the insider now directly owns 1,751,765 shares of the company’s stock, valued at $3,503,530. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. 1.10% of the stock is owned by insiders.
A number of analysts have recently weighed in on DNR shares. Zacks Investment Research raised shares of Denbury Resources from a “hold” rating to a “buy” rating and set a $2.50 price target for the company in a research note on Thursday, January 10th. TheStreet raised shares of Denbury Resources from a “d+” rating to a “c” rating in a research note on Monday, December 17th. Imperial Capital set a $2.00 price target on shares of Denbury Resources and gave the stock a “hold” rating in a research note on Thursday, March 28th. Oppenheimer reaffirmed a “hold” rating on shares of Denbury Resources in a research note on Thursday, March 21st. Finally, Johnson Rice lowered shares of Denbury Resources from an “accumulate” rating to a “hold” rating in a research note on Tuesday, January 8th. Three research analysts have rated the stock with a sell rating and seven have given a hold rating to the company’s stock. Denbury Resources presently has an average rating of “Hold” and an average target price of $4.36.
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Denbury Resources Company Profile
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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