Callahan Advisors buys $44,960 stake in Denbury Resources (DNR)

Denbury Resources (DNR) : Callahan Advisors scooped up 2,000 additional shares in Denbury Resources during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 14, 2016. The investment management firm now holds a total of 16,000 shares of Denbury Resources which is valued at $44,960.Denbury Resources makes up approximately 0.01% of Callahan Advisors’s portfolio.

Other Hedge Funds, Including , Msi Financial Services Inc boosted its stake in DNR in the latest quarter, The investment management firm added 7,100 additional shares and now holds a total of 17,980 shares of Denbury Resources which is valued at $50,524.Oregon Public Employees Retirement Fund reduced its stake in DNR by selling 141,513 shares or 50.64% in the most recent quarter. The Hedge Fund company now holds 137,953 shares of DNR which is valued at $438,691. Denbury Resources makes up approx 0.01% of Oregon Public Employees Retirement Fund’s portfolio.Cutler Group Lp boosted its stake in DNR in the latest quarter, The investment management firm added 127 additional shares and now holds a total of 17,337 shares of Denbury Resources which is valued at $55,132.

Denbury Resources (DNR) witnessed a volatile trading activity on Friday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $2.85 and reached the intraday high at $2.91. The bulls started the profit booking and pushed the shares to intraday low of $2.78. The trading session was marked by a volume range of 82,53,887 shares exchanging hands. The 52-week high of the shares is $4.8 and the 52-week low is $0.86. The market cap of the company stands at $1,119 M and there are 39,83,26,720 shares in public circulation.

On the company’s financial health, Denbury Resources reported $0.08 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $0.02. The company had revenue of $255.10 million for the quarter, compared to analysts expectations of $299.91 million. The company’s revenue was down -32.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.13 EPS.

Many Wall Street Analysts have commented on Denbury Resources. Shares were Downgraded by Barclays on Aug 10, 2016 to ” Underweight” and Lowered the Price Target to $ 2.50 from a previous price target of $3 .

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. The Company’s 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 Company’s primary Gulf Coast CO2 source is Jackson Dome. The Company’s 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.

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