Denbury Resources (DNR) has been under a strong bear grip, hence the stock is down -25.93% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.06% in the past 1 week. The stock has risen by 1.55% in the past week indicating that the buyers are active at lower levels, but the stock is down -22.7% in the past 4 weeks. The stock has recorded a 20-day Moving Average of 13.51% and the 50-Day Moving Average is 16.62%.
Denbury Resources (NYSE:DNR): The stock opened at $3.45 on Friday but the bulls could not build on the opening and the stock topped out at $3.46 for the day. The stock traded down to $3.24 during the day, due to lack of any buying support eventually closed down at $3.27 with a loss of -4.39% for the day. The stock had closed at $3.42 on the previous day. The total traded volume was 6,032,954 shares.
The company Insiders own 0.86% of Denbury Resources shares according to the proxy statements. Institutional Investors own 89.68% of Denbury Resources shares. In a related news, The director, of Denbury Resources Inc, Greene Ronald G had unloaded 45,000 shares at $18.42 per share in a transaction on June 24, 2014. The total value of transaction was $828,900. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
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.