Denbury Resources Inc. Forecasted to Post Q4 2017 Earnings of $0.03 Per Share (DNR)

Denbury Resources Inc. (NYSE:DNR) – Equities research analysts at Capital One Financial upped their Q4 2017 earnings per share estimates for Denbury Resources in a research note issued on Tuesday. Capital One Financial analyst R. Tullis now anticipates that the oil and natural gas company will post earnings per share of $0.03 for the quarter, up from their previous forecast of ($0.02). Capital One Financial also issued estimates for Denbury Resources’ FY2018 earnings at $0.34 EPS.

Several other equities research analysts have also recently weighed in on DNR. KeyCorp restated a “hold” rating on shares of Denbury Resources in a research report on Monday, November 13th. Zacks Investment Research cut shares of Denbury Resources from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 5th. Royal Bank of Canada restated a “hold” rating and issued a $2.00 price target on shares of Denbury Resources in a research report on Wednesday, December 20th. ValuEngine lowered shares of Denbury Resources from a “hold” rating to a “sell” rating in a research note on Sunday, December 31st. Finally, Mizuho raised shares of Denbury Resources from a “neutral” rating to a “buy” rating in a research note on Tuesday, January 16th. Four investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. Denbury Resources currently has a consensus rating of “Hold” and an average price target of $2.09.

Shares of Denbury Resources (NYSE:DNR) opened at $1.90 on Thursday. Denbury Resources has a 1 year low of $0.92 and a 1 year high of $3.67. The firm has a market cap of $769.82, a price-to-earnings ratio of -2.12 and a beta of 3.49. The company has a debt-to-equity ratio of 5.91, a current ratio of 0.53 and a quick ratio of 0.53.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Teachers Advisors LLC boosted its stake in Denbury Resources by 57.0% during the second quarter. Teachers Advisors LLC now owns 967,464 shares of the oil and natural gas company’s stock worth $1,480,000 after buying an additional 351,363 shares during the period. State Street Corp boosted its stake in shares of Denbury Resources by 1.8% during the second quarter. State Street Corp now owns 21,829,124 shares of the oil and natural gas company’s stock valued at $33,402,000 after purchasing an additional 380,034 shares during the period. Anderson Hoagland & Co. boosted its stake in shares of Denbury Resources by 119.2% during the fourth quarter. Anderson Hoagland & Co. now owns 149,350 shares of the oil and natural gas company’s stock valued at $330,000 after purchasing an additional 81,205 shares during the period. Macquarie Group Ltd. purchased a new stake in shares of Denbury Resources during the third quarter valued at $423,000. Finally, California Public Employees Retirement System boosted its stake in shares of Denbury Resources by 7.2% during the third quarter. California Public Employees Retirement System now owns 3,485,073 shares of the oil and natural gas company’s stock valued at $4,670,000 after purchasing an additional 233,475 shares during the period. 80.12% of the stock is owned by institutional investors.

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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.

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

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