Denbury Resources Inc. (NYSE:DNR) Issues Earnings Results, Beats Expectations By $0.02 EPS
Denbury Resources Inc. (NYSE:DNR) released its quarterly earnings results on Tuesday. The oil and natural gas company reported $0.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.02, Zacks Earnings Dates reports. Denbury Resources had a negative net margin of 72.85% and a positive return on equity of 2.49%. The firm had revenue of $261.20 million for the quarter, compared to analysts’ expectations of $248.66 million. During the same quarter last year, the company earned $0.08 EPS. The firm’s revenue for the quarter was up 2.4% compared to the same quarter last year.
Shares of Denbury Resources (NYSE DNR) traded up 8.015% during midday trading on Tuesday, reaching $1.415. 1,524,825 shares of the company’s stock traded hands. Denbury Resources has a 52 week low of $1.27 and a 52 week high of $4.29. The company’s market capitalization is $551.00 million. The stock’s 50 day moving average is $1.47 and its 200-day moving average is $2.24.
A number of equities research analysts recently issued reports on DNR shares. Stifel Nicolaus reissued a “hold” rating and issued a $2.50 price target on shares of Denbury Resources in a research note on Friday, July 14th. BidaskClub raised shares of Denbury Resources from a “sell” rating to a “hold” rating in a research note on Wednesday, August 2nd. ValuEngine cut shares of Denbury Resources from a “sell” rating to a “strong sell” rating in a research note on Friday, July 28th. BMO Capital Markets dropped their price target on shares of Denbury Resources from $2.00 to $1.00 and set a “no rating at time” rating on the stock in a research note on Friday, July 14th. Finally, Credit Suisse Group reissued an “underperform” rating and issued a $2.00 price target on shares of Denbury Resources in a research note on Friday, June 2nd. Six research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $2.64.
Denbury Resources Company Profile
Denbury Resources Inc is an independent oil and natural gas company. The Company’s operations are focused in two operating areas: the Gulf Coast and Rocky Mountain regions. Its properties with proved and producing reserves in the Gulf Coast region are situated in Mississippi, Texas, Louisiana and Alabama, and in the Rocky Mountain region are situated in Montana, North Dakota and Wyoming.
Receive News & Ratings for Denbury Resources Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Denbury Resources Inc. and related companies with MarketBeat.com's FREE daily email newsletter.