An Insight into Denbury Resources Inc (NYSE:DNR) Stock Picks

Daily Stock News:

An Insight into Denbury Resources Inc (NYSE:DNR) stock picks dropped by 1.03 percent and closed at $19.25 whereas traded volume stood at 4.75 million shares for the last Feb 9th trading day as compare to its average volume stood at 5.70 million. Its (stock picks) total market capitalization arrived at $7.54 billion and its outstanding shares stood at 391.62 million. Its (stock picks) price to earnings ratio stands at 14.58 times.

Company Background:

Denbury Resources Inc (NYSE:DNR) was incorporated in 1951 and is engaged in acquisition, exploitation, drilling and extraction of oil and natural gas properties in the Gulf Coast region of Mississippi, Texas, Louisiana and Alabama. Based in Plano, Texas, the company’s properties include Rocky Mountain region in Montana, North Dakota, Utah and Wyoming. The company also owns Jackson Dome Carbon dioxide source near Jackson, Mississippi. The company is reported to have proven reserves of 379.9 million BOE as on December 31st, 2010.

Industry Analysis:

Denbury Resources Inc (NYSE:DNR) is ranked on 27th position among its 553 competitor companies by long term growth rate. The company maintains the long term growth rate of 40 percent as compared to highest long term growth rate of 172.70 percent maintained in is industry.



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