Denbury Resources (NYSE:DNR) has climbed 10.73% in the past week and advanced 4.96% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 12.06% and the outperformance has advanced to 4.01% for the last 4 weeks period.
Denbury Resources (NYSE:DNR): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $4.11 and $4.10 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $4.30. The buying momentum continued till the end and the stock did not give up its gains. It closed at $4.23, notching a gain of 6.82% for the day. The total traded volume was 15,194,963 . The stock had closed at $3.96 on the previous day.
The company shares have dropped -33.49% from its 1 Year high price. On Jun 25, 2015, the shares registered one year high at $6.71 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $4.00 and the 200 Day Moving Average price is recorded at $2.61.
On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Denbury Resources Inc, Greene Ronald G had sold 45,000 shares worth of $828,900 in a transaction dated June 24, 2014. In this transaction, 45,000 shares were sold at $18.42 per share.
Many analysts have stated their opinion on the company shares. Stifel Nicolaus upgrades its rating on Denbury Resources (NYSE:DNR). Analysts at the Stifel Nicolaus have a current rating of Hold on the shares. The shares were previously rated Sell. The rating by the firm was issued on June 15, 2016. Currently the company Insiders own 0.86% of Denbury Resources shares according to the proxy statements. Institutional Investors own 91.57% of Denbury Resources shares.
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.