Public Employees Retirement System of Ohio Buys New Position in Denbury Resources Inc. (DNR)

Public Employees Retirement System of Ohio bought a new stake in Denbury Resources Inc. (NYSE:DNR) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 179,947 shares of the oil and natural gas company’s stock, valued at approximately $275,000.

Other hedge funds also recently bought and sold shares of the company. State of Alaska Department of Revenue lifted its stake in Denbury Resources by 77.9% in the second quarter. State of Alaska Department of Revenue now owns 78,166 shares of the oil and natural gas company’s stock valued at $119,000 after buying an additional 34,226 shares during the last quarter. Piedmont Investment Advisors LLC lifted its stake in Denbury Resources by 261.7% in the second quarter. Piedmont Investment Advisors LLC now owns 86,127 shares of the oil and natural gas company’s stock valued at $132,000 after buying an additional 62,312 shares during the last quarter. Tudor Investment Corp ET AL bought a new stake in Denbury Resources in the first quarter valued at $140,000. Teachers Retirement System of The State of Kentucky lifted its stake in Denbury Resources by 11.5% in 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 valued at $148,000 after buying an additional 10,000 shares during the last quarter. Finally, Paloma Partners Management Co bought a new stake in Denbury Resources in the first quarter valued at $190,000. Institutional investors own 86.49% of the company’s stock.

Shares of Denbury Resources Inc. (DNR) opened at $1.78 on Wednesday. Denbury Resources Inc. has a one year low of $0.92 and a one year high of $4.29. 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 (NYSE:DNR) last issued its quarterly earnings results on Tuesday, November 7th. The oil and natural gas company reported $0.04 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.05. Denbury Resources had a negative net margin of 32.50% and a positive return on equity of 0.28%. The firm had revenue of $266.56 million for the quarter, compared to analysts’ expectations of $261.84 million. Denbury Resources’s revenue for the quarter was up 4.9% on a year-over-year basis. equities research analysts forecast that Denbury Resources Inc. will post 0.04 earnings per share for the current year.

A number of equities research analysts have issued reports on the company. KeyCorp reiterated a “hold” rating on shares of Denbury Resources in a research note on Monday. Zacks Investment Research cut shares of Denbury Resources from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 18th. ValuEngine cut shares of Denbury Resources from a “sell” rating to a “strong sell” rating in a research note on Friday, July 28th. Imperial Capital began coverage on shares of Denbury Resources in a research note on Tuesday, October 3rd. They set an “in-line” rating and a $2.00 price objective on the stock. Finally, BidaskClub upgraded shares of Denbury Resources from a “sell” rating to a “hold” rating in a research note on Wednesday, August 2nd. Four equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the stock. Denbury Resources presently has an average rating of “Hold” and a consensus target price of $1.94.

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Denbury Resources Profile

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.

Institutional Ownership by Quarter for Denbury Resources (NYSE:DNR)

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