Denbury Resources Inc (NYSE:DNR) shares gained by 1.56%, Groupon Inc (NASDAQ:GRPN)

Posted by Nathan Alexander May 30, 2013 0 Comment 1192 views


Denbury Resources Inc (NYSE:DNR): Wednesday’s trading session saw Denbury Resources Inc (NYSE:DNR) shares gaining 1.56%. The opening price of $19.06, moved on to touch an intraday high of $19.08 before sliding down to close at $18.66 per share. Around 5.98 million shares were traded in the session on Wednesday. This number was more than the average volume of 4.69 million which was calculated over a 30-day period.

Denbury Resources Inc (NYSE:DNR) is an oil and natural gas company that operates independently.  As of 31 December 2011, it had 461.9M barrels of oil equivalent of proved natural gas and oil reserves, out of which, 77 percent was oil. The oil and natural gas properties that Denbury Resources Inc (NYSE:DNR) has, are concentrated in the Rocky Mountain and Gulf Coast regions in the U.S. As of 31 December 2011, the company had proved and producing properties in the Gulf Coast region. These were located in Mississippi, Louisiana, Alabama, and Texas.  The ones in the Rocky Mountain region were largely located in the regions of Wyoming, North Dakota, Montana and Utah.

Groupon Inc (NASDAQ:GRPN): Wednesday’s trading session saw Groupon Inc (NASDAQ:GRPN) shares gaining 0.27%. The opening price of $7.35, moved on to touch an intraday high of $7.53 before sliding down to close at $7.30 per share. Around 9.64 million shares were traded in the session on Wednesday. This number was less than the average volume of 16.97 million which was calculated over a 30-day period.

In early May, Groupon Inc (NASDAQ:GRPN)’s short interest was withdrawn by around 21% and it stood at 34.58 million shares. Since last June, this has been the lowest figure. The short-selling of Groupon Inc (NASDAQ:GRPN) shares dropped by approximately 8% of the float. It took over one day to cover all the short sells. GRPN recorded pretty extraordinary results in the 2013 Q1. In addition to this, the company has also formed a committee to find a new Chief Executive Officer. Currently, the company’s market capitalization is $5 billion. The projection is that the long term Earnings Per Share growth of GRPN will be in excess of 24 percent.


About Nathan Alexander

Nathan Alexander holds bachelor’s degrees in Journalism and European Studies from Boston University. Nathan reports round up the day’s business and financial market news and include keynote interviews with major business players and updates on Asian, European and US stock markets. He has interviewed heads of leading European banking institutions such as European Central Bank President Jean-Claude Trichet and HSBC Chairman Stephen Green, and CEOs from the business world including Microsoft founder Bill Gates, Virgin Chairman Sir Richard Branson and former Porsche President and CEO Dr Wendelin Wiedeking.

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