Insider Selling: Denbury Resources Director Sells 25,000 Shares of Stock (DNR)
Denbury Resources (NYSE:DNR) Director Ronald G. Greene unloaded 25,000 shares of the company’s stock in a transaction that occurred on Friday, June 27th. The stock was sold at an average price of $18.50, for a total transaction of $462,500.00. Following the transaction, the director now directly owns 28,669 shares of the company’s stock, valued at approximately $530,377. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
DNR has been the subject of a number of recent research reports. 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 equities research 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. The company has a consensus rating of “Hold” and a consensus price target of $20.50.
Denbury Resources (NYSE:DNR) traded down 0.22% on Monday, hitting $18.46. The stock had a trading volume of 2,906,247 shares. 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 $17.38 and its 200-day moving average is $16.67. The company has a market cap of $6.475 billion and a P/E ratio of 17.60.
Denbury Resources (NYSE:DNR) last posted its quarterly earnings results 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. 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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