Denbury Resources Inc. (DNR) Shares Bought by Champlain Investment Partners LLC

Gladys Abbott
June 19, 2017

The firm owned 288,260 shares of the oil and natural gas company's stock after selling 2,315 shares during the period.

More recent Denbury Resources Inc.

Denbury Resources Inc. (NYSE:DNR) belongs to Basic Materials sector, recorded a price change of -9.43% in last trade close. Delphi Financial Group Inc. raised its position in Denbury Resources by 58.2% in the first quarter. Their 52-Week High and Low are noted here.

Insider Trades for Denbury Resources Inc. show that the latest trade was made on 23 May 2017 where Peterson (Lynn A), the Director completed a transaction type "Buy" in which 71911 shares were traded at a price of $0. Closely-held shares are those owned by insiders, major shareholders and employees, while restricted stock refers to insider shares that can not be traded because of a temporary restriction such as the lock-up period after an initial public offering. FMR LLC increased its stake in shares of Denbury Resources by 0.7% in the fourth quarter. Credit Agricole S A now owns 59,548 shares of the oil and natural gas company's stock worth $219,000 after buying an additional 13,495 shares in the last quarter. Louisiana State Employees Retirement System boosted its position in Denbury Resources by 64.7% in the first quarter. Similar statistics are true for the second largest owner, Blackrock Inc., which owns 47,422,302 shares of the stock are valued at $75.4 million. Denbury Resources Inc. had 24 analyst reports since July 22, 2015 according to SRatingsIntel. (DNR) opened at 1.43 on Friday. The company have shares float of 392.88 million. If we take a long term observation, shares have been trading at a distance of -49.37% from the 200-day moving average. Sprucegrove Investment Mngmt Ltd reported 1.48% in Denbury Resources Inc. (NYSE:DNR). Alliancebernstein Limited Partnership owns 0% invested in Denbury Resources Inc.

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While having a peek at profitability ratios Denbury Resources (NYSE:DNR) has trailing twelve month gross margin at 99.7%, its trailing twelve month operating margin stands at -95.3% whereas its trailing twelve month net profit margin spots at -72.9%. The firm's quarterly revenue was up 35.5% compared to the same quarter past year. To make a proper assessment, investors seek a sound estimate of this year's and next year's earnings per share (EPS), as well as a strong sense of how much the company will earn even farther down the road. The company's revenue for the quarter was up 35.5% on a year-over-year basis.

Analysts are also projecting an Average Revenue Estimate for Denbury Resources $260040 in the Current Quarter. Minnesota-based Thrivent For Lutherans has invested 0% in Denbury Resources Inc. That suggests something of the likelihood of a short squeeze in shares of DNR. If you are accessing this report on another publication, it was illegally copied and republished in violation of US & global copyright law. The correct version of this article can be viewed at KLR Group restated a "buy" rating and issued a $5.00 target price on shares of Denbury Resources in a report on Wednesday, March 15th. Zacks Investment Research lowered shares of Denbury Resources from a "buy" rating to a "hold" rating in a research report on Wednesday, March 8th. Four equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. The stock presently has a consensus rating of "Hold" and a consensus price target of $3.13. 16,000 shares were sold by McMichael Greg, worth $35,696. Floating stock is calculated by subtracting closely-held shares and restricted stock from a firm's total outstanding shares. Following the sale, the director now owns 73,379 shares in the company, valued at $163,635.17. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The stock, after opening at $1.56, closed at $1.44 by scoring -9.15%.

Before looking at the financial values or the trading statistics of Denbury Resources Inc.

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