Denbury Resources Inc. (NYSE:DNR) – Investment analysts at Capital One Financial Corporation increased their FY2017 earnings estimates for shares of Denbury Resources in a note issued to investors on Wednesday. Capital One Financial Corporation analyst R. Tullis now forecasts that the oil and natural gas company will post earnings per share of ($0.03) for the year, up from their previous estimate of ($0.05). Capital One Financial Corporation also issued estimates for Denbury Resources’ Q4 2017 earnings at ($0.02) EPS and FY2018 earnings at ($0.05) EPS.

Several other equities analysts have also weighed in on DNR. Royal Bank Of Canada set a $2.00 target price on shares of Denbury Resources and gave the company a “hold” rating in a report on Friday, August 25th. Stifel Nicolaus set a $1.00 target price on shares of Denbury Resources and gave the company a “hold” rating in a report on Friday, August 18th. Zacks Investment Research upgraded shares of Denbury Resources from a “sell” rating to a “hold” rating in a report on Monday, August 14th. BidaskClub upgraded shares of Denbury Resources from a “sell” rating to a “hold” rating in a report on Wednesday, August 2nd. Finally, BMO Capital Markets reiterated a “hold” rating and issued a $1.00 target price on shares of Denbury Resources in a report on Friday, September 1st. Five research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $2.42.

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Shares of Denbury Resources (NYSE:DNR) opened at 1.09 on Monday. Denbury Resources has a 52 week low of $0.91 and a 52 week high of $4.29. The firm has a 50-day moving average of $1.24 and a 200 day moving average of $1.82. The company’s market cap is $424.99 million.

Denbury Resources (NYSE:DNR) last announced its quarterly earnings data on Tuesday, August 8th. The oil and natural gas company reported $0.00 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.02) by $0.02. The business had revenue of $261.20 million during the quarter, compared to the consensus estimate of $248.66 million. Denbury Resources had a negative net margin of 35.24% and a negative return on equity of 1.94%. The firm’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.08 earnings per share.

Several large investors have recently made changes to their positions in DNR. BlackRock Inc. increased its position in shares of Denbury Resources by 15,599.0% in the 1st quarter. BlackRock Inc. now owns 47,422,302 shares of the oil and natural gas company’s stock valued at $122,349,000 after purchasing an additional 47,120,229 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Denbury Resources by 18.3% in the 1st quarter. Vanguard Group Inc. now owns 56,483,974 shares of the oil and natural gas company’s stock valued at $145,729,000 after buying an additional 8,753,615 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Denbury Resources by 146.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 8,529,233 shares of the oil and natural gas company’s stock valued at $22,004,000 after buying an additional 5,067,230 shares during the last quarter. Schwab Charles Investment Management Inc. grew its position in shares of Denbury Resources by 163.9% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 6,641,359 shares of the oil and natural gas company’s stock valued at $10,162,000 after buying an additional 4,125,074 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position in shares of Denbury Resources by 24.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 12,097,850 shares of the oil and natural gas company’s stock valued at $18,510,000 after buying an additional 2,382,134 shares during the last quarter. 86.45% of the stock is currently owned by institutional investors.

About Denbury Resources

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.

Earnings History and Estimates for Denbury Resources (NYSE:DNR)

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