Denbury Resources Inc. (NYSE:DNR) is on recovery track with -0.94% gain from a 1-year low price of $1.06. The company lost -2.78% to attain the price of $1.05 on 7/26/2019. Throughout the recent session, the prices were hovering between $1 and $1.09. These shares are 115.24% off its target price of $2.26 and the current market capitalization stands at $498.1M. The recent change has given its price a -22.08% deficit over SMA 50 and -84.44% deficit over its 52-week high. The stock witnessed -17.32% declines, -54.15% declines and -49.28% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found DNR’s volatility during a week at 6.93% and during a month it has been found around 6.57%.
What Does Denbury Resources Inc. (DNR) Do?
The company describes itself in regulatory filings as, “Denbury Resources, Inc. is an independent oil and natural gas company. Its activities include exploitation, drilling, and extraction. It operates in the Gulf Coast and Rocky Mountain regions. The company was founded by Gareth G. Roberts in 1951 and is headquartered in Plano, TX.” [Text can be found here: https://www.marketwatch.com/investing/stock/DNR/profile under company description.]Denbury Resources Inc. (DNR) Top Holders
Institutional investors currently hold around $400 million or 84.9% in DNR stock. Look at its top three institutional owners: Vanguard Group Inc owns $83.21 million in Denbury Resources Inc., which represents roughly 16.71% of the company’s market cap and approximately 20.8% of the institutional ownership. Similar statistics are true for the second largest owner, Blackrock Inc., which owns 66,982,987 shares of the stock are valued at $70.33 million. The third largest holder is State Street Corp, which currently holds $27.12 million worth of this stock and that ownership represents nearly 5.44% of its market capitalization.Denbury Resources Inc. 13F Filings
At the end of March reporting period, 106 institutional holders increased their position in Denbury Resources Inc. (NYSE:DNR) by some 33,049,838 shares, 134 decreased positions by 61,618,249 and 53 held positions by 286,436,529. That puts total institutional holdings at 381,104,616 shares, according to SEC filings. The stock grabbed 33 new institutional investments totaling 13,495,988 shares while 51 institutional investors sold out their entire positions totaling 13,126,176 shares.Denbury Resources Inc. (NYSE:DNR) Insider Trades
Multiple company employees have indulged in significant insider trading. Denbury Resources Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that President and CEO Kendall Christian S has acquired 100,000 shares of Denbury Resources Inc. (DNR) in the trading session dated Jun. 26, 2019. These shares are worth $125,000 and were traded at $1.25 each. The SEC filing shows that Kendall Christian S performed a purchase of 150,000 shares. The President and CEO added these shares by way of transaction on Mar. 26, 2019. The company’s shares were assimilated at $2 per share worth to an investment of some $300,000 to the account of Kendall Christian S.
EVP, CAO, GC & Sec’y, Matthews James S., sold 20,000 common shares of Denbury Resources Inc. (DNR) in the open market. In a transaction dated Aug. 23, 2018, the shares were put up for sale at an average price of $4.86, raking in a sum of $97,200. After this sale, 459,949 common shares of DNR are directly owned by the insider, with total stake valued at $482,946.
In the transaction dated Jun. 05, 2018, a great number of shares sold came courtesy the Director; McMichael Greg disposed a total of 40,000 shares at an average price of $4.25, amounting to approximately $170,000. The insider now directly owns 152,657 shares worth $160,290.Denbury Resources Inc. (DNR) Analyst Guide
Several analysts have released their opinion on Denbury Resources Inc. (NYSE:DNR), with 0 analysts believing it is a strong buy. Whereas 8 of them predict the stock is a hold. Also, there are 1 buy, 1 sell and 0 strong sell ratings, collectively assigning a 3 average brokerage recommendation [T1].