Denbury Resources (DNR) to Release Earnings on Wednesday
Denbury Resources (NYSE:DNR) is scheduled to be posting its quarterly earnings results on Wednesday, August 6th. Individual interested in participating in the company’s earnings conference call can do so using this link.
Shares of Denbury Resources (NYSE:DNR) opened at 17.23 on Tuesday. Denbury Resources has a 1-year low of $15.56 and a 1-year high of $19.61. The stock’s 50-day moving average is $17.80 and its 200-day moving average is $16.89. The company has a market cap of $6.043 billion and a P/E ratio of 16.06.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 30th. Investors of record on Tuesday, August 26th will be paid a dividend of $0.0625 per share. This represents a $0.25 annualized dividend and a dividend yield of 1.45%. The ex-dividend date is Friday, August 22nd.
A number of research firms have recently commented on DNR. Analysts at Barclays raised their price target on shares of Denbury Resources from $20.00 to $24.00 in a research note on Wednesday, July 23rd. On a related note, analysts at SunTrust raised their price target on shares of Denbury Resources from $17.00 to $19.00 in a research note on Wednesday, July 9th. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Denbury Resources in a research note on Wednesday, June 18th. They now have a $19.00 price target on the stock. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the stock. Denbury Resources has an average rating of “Hold” and an average target price of $21.13.
Denbury Resources Inc is an independent oil and natural gas company. As of December 31, 2011, the Company had 461.
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