Denbury Resources Inc. (NYSE:DNR) saw a significant decrease in short interest in December. As of December 29th, there was short interest totalling 60,195,802 shares, a decrease of 8.1% from the December 15th total of 65,523,124 shares. Based on an average daily volume of 6,923,349 shares, the short-interest ratio is currently 8.7 days. Approximately 15.2% of the company’s stock are short sold.

Shares of Denbury Resources (NYSE DNR) opened at $2.35 on Wednesday. The company has a debt-to-equity ratio of 5.91, a quick ratio of 0.53 and a current ratio of 0.53. Denbury Resources has a 1-year low of $0.91 and a 1-year high of $3.87.

Denbury Resources (NYSE:DNR) last posted its earnings results on Tuesday, November 7th. The oil and natural gas company reported $0.04 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.01) by $0.05. The firm had revenue of $266.56 million for the quarter, compared to the consensus estimate of $261.84 million. Denbury Resources had a negative net margin of 32.50% and a positive return on equity of 0.28%. Denbury Resources’s revenue was up 4.9% compared to the same quarter last year. analysts anticipate that Denbury Resources will post 0.09 earnings per share for the current fiscal year.

Institutional investors have recently bought and sold shares of the business. Piedmont Investment Advisors LLC increased its position in Denbury Resources by 261.7% during the second quarter. Piedmont Investment Advisors LLC now owns 86,127 shares of the oil and natural gas company’s stock worth $132,000 after buying an additional 62,312 shares during the last quarter. LMR Partners LLP acquired a new position in Denbury Resources during the third quarter worth $140,000. Teachers Retirement System of The State of Kentucky increased its position in Denbury Resources by 11.5% during the second quarter. Teachers Retirement System of The State of Kentucky now owns 96,950 shares of the oil and natural gas company’s stock worth $148,000 after buying an additional 10,000 shares during the last quarter. Schroder Investment Management Group acquired a new position in Denbury Resources during the third quarter worth $184,000. Finally, Municipal Employees Retirement System of Michigan increased its position in Denbury Resources by 59.0% during the third quarter. Municipal Employees Retirement System of Michigan now owns 149,470 shares of the oil and natural gas company’s stock worth $200,000 after buying an additional 55,480 shares during the last quarter. 80.23% of the stock is currently owned by hedge funds and other institutional investors.

A number of research firms have recently issued reports on DNR. Mizuho upgraded Denbury Resources from a “neutral” rating to a “buy” rating in a report on Tuesday. Zacks Investment Research upgraded Denbury Resources from a “hold” rating to a “strong-buy” rating and set a $2.50 price objective for the company in a report on Tuesday, January 9th. ValuEngine lowered Denbury Resources from a “hold” rating to a “sell” rating in a report on Sunday, December 31st. Royal Bank of Canada reiterated a “hold” rating and set a $2.00 price objective on shares of Denbury Resources in a report on Wednesday, December 20th. Finally, KeyCorp reiterated a “hold” rating on shares of Denbury Resources in a report on Monday, November 13th. Four equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. Denbury Resources currently has a consensus rating of “Hold” and an average price target of $2.13.

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About Denbury Resources

Denbury Resources Inc is an independent oil and natural gas company. The Company’s operations are focused in two operating areas: the Gulf Coast and Rocky Mountain regions. Its properties with proved and producing reserves in the Gulf Coast region are situated in Mississippi, Texas, Louisiana and Alabama, and in the Rocky Mountain region are situated in Montana, North Dakota and Wyoming.

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