Denbury Resources Inc. (NYSE:DNR) – Research analysts at Imperial Capital issued their Q3 2017 earnings estimates for Denbury Resources in a research report issued to clients and investors on Tuesday. Imperial Capital analyst J. Wangler anticipates that the oil and natural gas company will earn ($0.02) per share for the quarter. Imperial Capital currently has a “In-Line” rating and a $2.00 target price on the stock. Imperial Capital also issued estimates for Denbury Resources’ Q4 2017 earnings at $0.02 EPS, FY2017 earnings at ($0.02) EPS and FY2018 earnings at $0.19 EPS.

Denbury Resources (NYSE:DNR) last issued its quarterly earnings results on Tuesday, August 8th. The oil and natural gas company reported $0.00 EPS for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.02. Denbury Resources had a negative net margin of 35.24% and a negative return on equity of 1.94%. The business had revenue of $261.20 million during the quarter, compared to the consensus estimate of $248.66 million. During the same period in the previous year, the firm posted $0.08 earnings per share. The company’s quarterly revenue was up 2.4% compared to the same quarter last year. TRADEMARK VIOLATION WARNING: “Q3 2017 Earnings Estimate for Denbury Resources Inc. Issued By Imperial Capital (DNR)” was published by American Banking News and is the sole property of of American Banking News. If you are accessing this article on another website, it was stolen and republished in violation of US and international trademark & copyright legislation. The correct version of this article can be read at https://www.americanbankingnews.com/2017/10/05/q3-2017-earnings-estimate-for-denbury-resources-inc-issued-by-imperial-capital-dnr.html.

A number of other research firms also recently commented on DNR. Stifel Nicolaus restated a “hold” rating and issued a $2.50 price objective on shares of Denbury Resources in a report on Friday, July 14th. BidaskClub downgraded Denbury Resources from a “sell” rating to a “strong sell” rating in a report on Thursday, August 24th. ValuEngine downgraded Denbury Resources from a “sell” rating to a “strong sell” rating in a report on Friday, July 28th. BMO Capital Markets restated a “hold” rating and issued a $1.00 price objective on shares of Denbury Resources in a report on Friday, September 1st. Finally, Royal Bank Of Canada restated a “hold” rating and issued a $1.50 price objective on shares of Denbury Resources in a report on Friday, September 29th. Five analysts have rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the company’s stock. Denbury Resources currently has an average rating of “Hold” and a consensus target price of $2.22.

Shares of Denbury Resources (NYSE:DNR) opened at 1.38 on Thursday. The company has a 50-day moving average of $1.18 and a 200-day moving average of $1.64. Denbury Resources has a 12-month low of $0.91 and a 12-month high of $4.29. The stock’s market capitalization is $538.07 million.

A number of hedge funds have recently made changes to their positions in DNR. BlackRock Inc. grew its holdings in Denbury Resources by 15,599.0% during the first 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 holdings in Denbury Resources by 18.3% during the first 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 purchasing an additional 8,753,615 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Denbury Resources by 146.4% during the first 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 purchasing an additional 5,067,230 shares during the last quarter. Schwab Charles Investment Management Inc. grew its holdings in Denbury Resources by 163.9% during the second 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 purchasing an additional 4,125,074 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in Denbury Resources by 24.5% during the second 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 purchasing an additional 2,382,134 shares during the last quarter. Institutional investors own 86.44% of the company’s stock.

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)

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.