Denbury Resources Director Sells $1,374,750 in Stock (DNR)
Denbury Resources (NYSE:DNR) Director Ronald G. Greene sold 75,000 shares of Denbury Resources stock in a transaction dated Wednesday, June 25th. The shares were sold at an average price of $18.33, for a total value of $1,374,750.00. Following the transaction, the director now directly owns 28,669 shares of the company’s stock, valued at approximately $525,503. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of research firms have recently commented on DNR. Analysts at Zacks reiterated a “neutral” rating on shares of Denbury Resources in a research note on Wednesday, June 18th. They now have a $19.00 price target on the stock. Separately, 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. Finally, 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. One investment analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company’s stock. Denbury Resources has a consensus rating of “Hold” and an average price target of $20.50.
Denbury Resources (NYSE:DNR) traded up 0.08% on Thursday, hitting $18.455. 4,448,631 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 has a 50-day moving average of $17.25 and a 200-day moving average of $16.6. The company has a market cap of $6.473 billion and a price-to-earnings ratio of 17.55.
Denbury Resources (NYSE:DNR) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.25 EPS for the quarter, meeting the Thomson Reuters 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 in the prior year, the company posted $0.33 earnings per share. The company’s quarterly revenue was up 9.5% on a year-over-year basis. On average, analysts predict that Denbury Resources will post $1.11 earnings per share 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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