Denbury Resources (NYSE:DNR) is scheduled to be releasing its earnings data before the market opens on Thursday, November 8th. Analysts expect Denbury Resources to post earnings of $0.11 per share for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.
Denbury Resources (NYSE:DNR) last posted its quarterly earnings data on Tuesday, August 7th. The oil and natural gas company reported $0.13 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.11 by $0.02. The firm had revenue of $387.06 million for the quarter, compared to the consensus estimate of $328.72 million. Denbury Resources had a net margin of 14.77% and a return on equity of 25.74%. On average, analysts expect Denbury Resources to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.
DNR opened at $3.19 on Wednesday. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 3.04. The firm has a market cap of $1.51 billion, a price-to-earnings ratio of 22.79 and a beta of 3.74. Denbury Resources has a 1 year low of $1.53 and a 1 year high of $6.75.
A number of research firms have issued reports on DNR. Zacks Investment Research downgraded shares of Denbury Resources from a “buy” rating to a “hold” rating in a report on Tuesday, October 9th. Oppenheimer began coverage on shares of Denbury Resources in a report on Wednesday, October 3rd. They set an “outperform” rating and a $9.00 price objective on the stock. ValuEngine raised shares of Denbury Resources from a “sell” rating to a “hold” rating in a report on Tuesday, July 10th. TheStreet raised shares of Denbury Resources from a “d” rating to a “c-” rating in a report on Wednesday, August 22nd. Finally, Royal Bank of Canada reissued a “hold” rating and issued a $5.00 price target on shares of Denbury Resources in a report on Friday, July 13th. One analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $5.01.
In related news, CAO James S. Matthews sold 20,000 shares of the business’s stock in a transaction dated Thursday, August 23rd. The shares were sold at an average price of $4.86, for a total value of $97,200.00. Following the transaction, the chief accounting officer now directly owns 459,949 shares of the company’s stock, valued at approximately $2,235,352.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.10% of the stock is currently owned by insiders.
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About Denbury Resources
Denbury Resources Inc operates as an independent oil and natural gas company in the United States. It holds interests in various oil and natural gas properties located in Mississippi, Texas, Louisiana, and Alabama in the Gulf Coast region; and in Montana, North Dakota, and Wyoming in the Rocky Mountain region.
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