Denbury Resources Inc. (NYSE:DNR) – Research analysts at KeyCorp boosted their FY2017 earnings estimates for Denbury Resources in a research report issued to clients and investors on Tuesday. KeyCorp analyst D. Deckelbaum now anticipates that the oil and natural gas company will post earnings per share of $0.10 for the year, up from their prior forecast of $0.07. KeyCorp has a “Hold” rating on the stock. KeyCorp also issued estimates for Denbury Resources’ Q4 2017 earnings at $0.08 EPS, Q4 2018 earnings at $0.10 EPS, Q1 2019 earnings at $0.10 EPS, Q2 2019 earnings at $0.11 EPS and Q3 2019 earnings at $0.12 EPS.

A number of other research analysts have also issued reports on DNR. BidaskClub lowered Denbury Resources from a “hold” rating to a “sell” rating in a research report on Thursday, August 17th. Stifel Nicolaus set a $1.00 target price on Denbury Resources and gave the company a “hold” rating in a research report on Friday, August 18th. Royal Bank of Canada set a $2.00 target price on Denbury Resources and gave the company a “hold” rating in a research report on Friday, August 25th. BMO Capital Markets reiterated a “hold” rating and set a $1.00 target price on shares of Denbury Resources in a research report on Friday, September 1st. Finally, Imperial Capital initiated coverage on Denbury Resources in a research report on Tuesday, October 3rd. They set an “in-line” rating and a $2.00 target price on the stock. Four analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the stock. Denbury Resources presently has an average rating of “Hold” and an average price target of $1.94.

Denbury Resources (NYSE:DNR) opened at $1.60 on Thursday. Denbury Resources has a 52-week low of $0.92 and a 52-week high of $4.05. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 5.91.

Denbury Resources (NYSE:DNR) last announced its earnings results on Tuesday, November 7th. The oil and natural gas company reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.05. Denbury Resources had a positive return on equity of 0.28% and a negative net margin of 32.50%. The firm had revenue of $266.56 million for the quarter, compared to analyst estimates of $261.84 million. The company’s revenue for the quarter was up 4.9% compared to the same quarter last year.

A number of hedge funds and other institutional investors have recently bought and sold shares of DNR. Teachers Advisors LLC raised its stake in Denbury Resources by 1.3% in the 1st quarter. Teachers Advisors LLC now owns 616,101 shares of the oil and natural gas company’s stock valued at $1,590,000 after purchasing an additional 8,116 shares during the last quarter. Bank of Montreal Can raised its stake in Denbury Resources by 3.2% in the 2nd quarter. Bank of Montreal Can now owns 888,108 shares of the oil and natural gas company’s stock valued at $1,359,000 after purchasing an additional 27,193 shares during the last quarter. Great West Life Assurance Co. Can raised its stake in Denbury Resources by 4.1% in the 2nd quarter. Great West Life Assurance Co. Can now owns 579,269 shares of the oil and natural gas company’s stock valued at $886,000 after purchasing an additional 22,900 shares during the last quarter. Texas Permanent School Fund raised its stake in Denbury Resources by 0.9% in the 2nd quarter. Texas Permanent School Fund now owns 290,828 shares of the oil and natural gas company’s stock valued at $445,000 after purchasing an additional 2,568 shares during the last quarter. Finally, Sei Investments Co. raised its stake in Denbury Resources by 0.4% in the 2nd quarter. Sei Investments Co. now owns 268,469 shares of the oil and natural gas company’s stock valued at $411,000 after purchasing an additional 1,059 shares during the last quarter. 80.27% of the stock is owned by hedge funds and other institutional investors.

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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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