Denbury Resources (DNR) to Release Earnings on Tuesday
Denbury Resources (NYSE:DNR) will release its earnings data on Tuesday, May 6th. Persons that wish to register for the company’s earnings conference call can do so using this link.
Denbury Resources (NYSE:DNR) last released its earnings data on Thursday, February 20th. The company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by $0.04. The company had revenue of $596.00 million for the quarter, compared to the consensus estimate of $617.02 million. On average, analysts expect Denbury Resources to post $1.11 EPS for the current fiscal year and $1.12 EPS for the next fiscal year.
Shares of Denbury Resources (NYSE:DNR) opened at 16.91 on Monday. Denbury Resources has a 52-week low of $15.56 and a 52-week high of $19.65. The stock has a 50-day moving average of $16.68 and a 200-day moving average of $16.84. The company has a market cap of $6.067 billion and a P/E ratio of 15.09.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, June 24th. Shareholders of record on Tuesday, May 27th will be paid a dividend of $0.0625 per share. This represents a $0.25 annualized dividend and a dividend yield of 1.48%. The ex-dividend date is Thursday, May 22nd.
DNR has been the subject of a number of recent research reports. Analysts at Barclays reiterated an “overweight” rating on shares of Denbury Resources in a research note on Wednesday, April 23rd. They now have a $20.00 price target on the stock. On a related note, analysts at TheStreet upgraded shares of Denbury Resources from a “hold” rating to a “buy” rating in a research note on Monday, April 7th. Finally, analysts at SunTrust raised their price target on shares of Denbury Resources from $17.00 to $18.00 in a research note on Tuesday, April 1st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $20.45.
Denbury Resources Inc is an independent oil and natural gas company. As of December 31, 2011, the Company had 461.
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