Zacks: Analysts Anticipate Denbury Resources Inc. (DNR) to Announce $0.05 Earnings Per Share
Analysts expect that Denbury Resources Inc. (NYSE:DNR) will post earnings of $0.05 per share for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Denbury Resources’ earnings, with the lowest EPS estimate coming in at ($0.02) and the highest estimate coming in at $0.09. Denbury Resources reported earnings of ($0.02) per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 350%. The firm is scheduled to issue its next quarterly earnings report on Thursday, February 22nd.
On average, analysts expect that Denbury Resources will report full-year earnings of $0.09 per share for the current financial year, with EPS estimates ranging from $0.05 to $0.11. For the next fiscal year, analysts expect that the company will post earnings of $0.26 per share, with EPS estimates ranging from $0.07 to $0.41. Zacks’ EPS averages are an average based on a survey of sell-side research analysts that follow Denbury Resources.
Denbury Resources (NYSE:DNR) last posted its quarterly earnings data on Tuesday, November 7th. The oil and natural gas company reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.05. The company had revenue of $266.56 million for the quarter, compared to the consensus estimate of $261.84 million. Denbury Resources had a negative net margin of 32.50% and a positive return on equity of 0.28%. The company’s revenue was up 4.9% on a year-over-year basis.
A number of large investors have recently modified their holdings of DNR. Schwab Charles Investment Management Inc. lifted 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 in the last quarter. Rhumbline Advisers lifted its holdings in Denbury Resources by 16.1% during the second quarter. Rhumbline Advisers now owns 971,404 shares of the oil and natural gas company’s stock valued at $1,486,000 after purchasing an additional 134,873 shares in the last quarter. BNP Paribas Arbitrage SA lifted its holdings in Denbury Resources by 51.0% during the second quarter. BNP Paribas Arbitrage SA now owns 158,273 shares of the oil and natural gas company’s stock valued at $242,000 after purchasing an additional 53,431 shares in the last quarter. Federated Investors Inc. PA lifted its holdings in Denbury Resources by 14,307.0% during the second quarter. Federated Investors Inc. PA now owns 357,725 shares of the oil and natural gas company’s stock valued at $547,000 after purchasing an additional 355,242 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in Denbury Resources by 0.4% during the second quarter. Principal Financial Group Inc. now owns 3,094,321 shares of the oil and natural gas company’s stock valued at $4,735,000 after purchasing an additional 12,302 shares in the last quarter. 80.23% of the stock is currently owned by institutional investors and hedge funds.
Denbury Resources (DNR) traded up $0.12 on Thursday, hitting $2.47. 10,121,600 shares of the company were exchanged, compared to its average volume of 10,680,382. The company has a debt-to-equity ratio of 5.91, a quick ratio of 0.53 and a current ratio of 0.53. The stock has a market capitalization of $945.10, a P/E ratio of -2.74 and a beta of 3.57. Denbury Resources has a one year low of $0.92 and a one year high of $3.83.
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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.
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