Denbury Resources (DNR) to Release Quarterly Earnings on Tuesday
Denbury Resources (NYSE:DNR) will be announcing its Q313 earnings results on Tuesday, November 5th. Analysts expect the company to announce earnings of $0.39 per share and revenue of $646.70 million for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.
Denbury Resources (NYSE:DNR) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.41 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.34 by $0.07. The company had revenue of $645.00 million for the quarter, compared to the consensus estimate of $637.51 million. During the same quarter in the prior year, the company posted $0.35 earnings per share. The company’s quarterly revenue was up 8.0% on a year-over-year basis. On average, analysts expect Denbury Resources to post $1.54 EPS for the current fiscal year and $1.41 EPS for the next fiscal year.
Shares of Denbury Resources (NYSE:DNR) opened at 18.85 on Monday. Denbury Resources has a 52-week low of $14.24 and a 52-week high of $19.65. The stock has a 50-day moving average of $18.43 and a 200-day moving average of $17.93. The company has a market cap of $6.953 billion and a price-to-earnings ratio of 17.31.
DNR has been the subject of a number of recent research reports. Analysts at SunTrust raised their price target on shares of Denbury Resources from $23.00 to $25.00 in a research note to investors on Wednesday, October 2nd. They now have a “buy” rating on the stock. On a related note, analysts at Howard Weil initiated coverage on shares of Denbury Resources in a research note to investors on Tuesday, September 24th. They set an “outperform” rating and a $28.00 price target on the stock. Finally, analysts at Goldman Sachs Group Inc. initiated coverage on shares of Denbury Resources in a research note to investors on Tuesday, September 24th. They set a “neutral” rating on the stock. Three equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $22.50.
Denbury Resources Inc is an independent oil and natural gas company. As of December 31, 2011, the Company had 461.
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