Denbury Resources Inc. (DNR) Set to Announce Earnings on Tuesday
Denbury Resources Inc. (NYSE:DNR) is scheduled to post its quarterly earnings results before the market opens on Tuesday, November 7th. Analysts expect Denbury Resources to post earnings of $0.01 per share for the quarter.
Denbury Resources (NYSE:DNR) last announced its earnings results on Tuesday, August 8th. The oil and natural gas company reported $0.00 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate 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 for the quarter, compared to analyst estimates of $248.66 million. During the same quarter last year, the business earned $0.08 earnings per share. The company’s revenue for the quarter was up 2.4% compared to the same quarter last year. On average, analysts expect Denbury Resources to post $-0.01 EPS for the current fiscal year and $0.09 EPS for the next fiscal year.
Shares of Denbury Resources Inc. (NYSE:DNR) opened at 1.16 on Tuesday. Denbury Resources Inc. has a 12 month low of $0.91 and a 12 month high of $4.29. The stock has a 50 day moving average of $1.24 and a 200 day moving average of $1.48. The firm’s market cap is $452.29 million.
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A number of research firms have recently weighed in on DNR. BMO Capital Markets set a $1.00 price target on shares of Denbury Resources and gave the stock a “hold” rating in a research note on Tuesday, October 10th. Zacks Investment Research raised shares of Denbury Resources from a “hold” rating to a “buy” rating and set a $1.50 price target on the stock in a research note on Tuesday, October 10th. Imperial Capital began coverage on shares of Denbury Resources in a research note on Tuesday, October 3rd. They set an “in-line” rating and a $2.00 price target on the stock. Royal Bank Of Canada reaffirmed a “hold” rating and set a $1.50 price target on shares of Denbury Resources in a research note on Friday, September 29th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Denbury Resources in a research note on Wednesday, September 6th. Five analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company’s stock. Denbury Resources has an average rating of “Hold” and a consensus price target of $2.06.
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.
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