Denbury Resources (DNR) : Alta Advisers Ltd added new position in Denbury Resources during the most recent quarter end. The investment management firm now holds 1,988,346 shares of Denbury Resources which is valued at $7,237,579 , the company said in a statement filed on May 3, 2016 with the SEC.Denbury Resources makes up approximately 5.53% of Alta Advisers Ltd’s portfolio.
Other Hedge Funds, Including , Cambridge Investment Research Advisors boosted its stake in DNR in the latest quarter, The investment management firm added 33,100 additional shares and now holds a total of 54,235 shares of Denbury Resources which is valued at $197,415.Quantbot Technologies Lp boosted its stake in DNR in the latest quarter, The investment management firm added 4,043 additional shares and now holds a total of 11,830 shares of Denbury Resources which is valued at $45,664. Denbury Resources makes up approx 0.01% of Quantbot Technologies Lp’s portfolio. Sii Investments Incwi added DNR to its portfolio by purchasing 16,504 company shares during the most recent quarter which is valued at $63,705. Denbury Resources makes up approx 0.01% of Sii Investments Incwi’s portfolio. Transamerica Financial Advisors sold out all of its stake in DNR during the most recent quarter. The investment firm sold 1 shares of DNR which is valued $4.Next Financial Group Inc boosted its stake in DNR in the latest quarter, The investment management firm added 2,000 additional shares and now holds a total of 3,000 shares of Denbury Resources which is valued at $12,270.
Denbury Resources opened for trading at $3.53 and hit $3.97 on the upside on Tuesday, eventually ending the session at $3.92, with a gain of 11.36% or 0.4 points. The heightened volatility saw the trading volume jump to 1,71,88,777 shares. Company has a market cap of $1,374 M.
On the company’s financial health, Denbury Resources reported $-0.03 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on May 5, 2016. Analyst had a consensus of $-0.07. The company had revenue of $194.80 million for the quarter, compared to analysts expectations of $276.50 million. The company’s revenue was down -36.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.07 EPS.
Many Wall Street Analysts have commented on Denbury Resources. Denbury Resources was Downgraded by KeyBanc Capital Mkts to ” Sector Weight” on Apr 26, 2016. Shares were Reiterated by RBC Capital Mkts on Feb 22, 2016 to “Sector Perform” and Lowered the Price Target to $ 1.50 from a previous price target of $2.50 .Denbury Resources was Downgraded by Johnson Rice to ” Hold” on Feb 22, 2016.
Denbury Resources Inc. is an independent oil and natural gas company. The Companys operations are focused in two operating areas: the Gulf Coast and Rocky Mountain regions. The Companys 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. The Companys primary Gulf Coast CO2 source is Jackson Dome. The Companys mature group of properties includes the initial CO2 field Little Creek as well as several other fields including Brookhaven Cranfield Eucutta Lockhart Crossing Mallalieu Martinville McComb and Soso fields. The Company also holds interest in the 183-mile NEJD CO2 pipeline that runs from Jackson Dome to near Donaldsonville Louisiana.