Denbury Resources CFO Mark C. Allen Sells 25,708 Shares (DNR)
Denbury Resources (NYSE:DNR) CFO Mark C. Allen sold 25,708 shares of the stock on the open market in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of $17.95, for a total value of $461,458.60. Following the sale, the chief financial officer now directly owns 626,894 shares of the company’s stock, valued at approximately $11,252,747. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
A number of research firms have recently commented on DNR. Analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Denbury Resources in a research note on Thursday, May 22nd. They now have a $21.00 price target on the stock, down previously from $21.50. Separately, analysts at Barclays reiterated an “overweight” rating on shares of Denbury Resources in a research note on Wednesday, April 23rd. They now have a $20.00 price target on the stock. Finally, analysts at TheStreet upgraded shares of Denbury Resources from a “hold” rating to a “buy” rating in a research note on Monday, April 7th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $20.00.
Shares of Denbury Resources (NYSE:DNR) traded up 0.17% during mid-day trading on Tuesday, hitting $17.90. 3,020,211 shares of the company’s stock traded hands. Denbury Resources has a 52-week low of $15.56 and a 52-week high of $19.61. The stock’s 50-day moving average is $17.00 and its 200-day moving average is $16.54. The company has a market cap of $6.278 billion and a price-to-earnings ratio of 17.00.
Denbury Resources (NYSE:DNR) last released its earnings data on Tuesday, May 6th. The company reported $0.25 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.25. The company had revenue of $635.00 million for the quarter, compared to the consensus estimate of $605.54 million. During the same quarter last year, the company posted $0.33 earnings per share. Denbury Resources’s revenue was up 9.5% compared to the same quarter last year. Analysts expect that Denbury Resources will post $1.11 EPS for the current fiscal year.
Denbury Resources Inc is an independent oil and natural gas company. As of December 31, 2011, the Company had 461.
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