Wall Street analysts predict that Denbury Resources Inc. (NYSE:DNR) will report $335.57 million in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Denbury Resources’ earnings, with the highest sales estimate coming in at $344.00 million and the lowest estimate coming in at $329.82 million. Denbury Resources posted sales of $326.59 million during the same quarter last year, which suggests a positive year over year growth rate of 2.7%. The firm is scheduled to announce its next quarterly earnings report on Thursday, February 28th.
According to Zacks, analysts expect that Denbury Resources will report full year sales of $1.47 billion for the current financial year, with estimates ranging from $1.47 billion to $1.48 billion. For the next year, analysts expect that the company will post sales of $2.00 billion, with estimates ranging from $1.85 billion to $2.16 billion. Zacks’ sales calculations are an average based on a survey of research firms that cover Denbury Resources.
Denbury Resources (NYSE:DNR) last announced its quarterly earnings data on Thursday, November 8th. The oil and natural gas company reported $0.13 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.11 by $0.02. The firm had revenue of $395.00 million during the quarter, compared to analyst estimates of $348.39 million. Denbury Resources had a net margin of 18.81% and a return on equity of 27.79%. The business’s quarterly revenue was up 48.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.04 EPS.
DNR has been the subject of a number of recent research reports. Oppenheimer restated a “buy” rating on shares of Denbury Resources in a report on Monday, October 29th. Imperial Capital restated an “outperform” rating and issued a $4.00 price objective on shares of Denbury Resources in a report on Tuesday, October 30th. ValuEngine lowered shares of Denbury Resources from a “hold” rating to a “sell” rating in a report on Tuesday, October 23rd. Zacks Investment Research lowered shares of Denbury Resources from a “buy” rating to a “hold” rating in a report on Tuesday, October 9th. Finally, TheStreet upgraded shares of Denbury Resources from a “d” rating to a “c-” rating in a report on Wednesday, August 22nd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company’s stock. Denbury Resources presently has an average rating of “Hold” and an average price target of $4.73.
Large investors have recently bought and sold shares of the stock. Strs Ohio bought a new stake in Denbury Resources during the 3rd quarter valued at $151,000. Kentucky Retirement Systems bought a new stake in Denbury Resources during the 3rd quarter valued at $497,000. Victory Capital Management Inc. bought a new stake in Denbury Resources during the 3rd quarter valued at $234,000. CIBC Private Wealth Group LLC raised its holdings in Denbury Resources by 41.5% during the 2nd quarter. CIBC Private Wealth Group LLC now owns 40,900 shares of the oil and natural gas company’s stock valued at $197,000 after buying an additional 12,000 shares during the last quarter. Finally, Sigma Planning Corp bought a new stake in Denbury Resources during the 2nd quarter valued at $256,000. Institutional investors own 87.60% of the company’s stock.
Shares of DNR opened at $2.23 on Friday. The company has a market capitalization of $1.08 billion, a PE ratio of 15.93 and a beta of 3.74. The company has a debt-to-equity ratio of 2.80, a current ratio of 0.55 and a quick ratio of 0.55. Denbury Resources has a fifty-two week low of $1.53 and a fifty-two week high of $6.75.
About Denbury Resources
Denbury Resources Inc operates as an independent oil and natural gas company in the United States. It holds interests in various oil and natural gas properties located in Mississippi, Texas, Louisiana, and Alabama in the Gulf Coast region; and in Montana, North Dakota, and Wyoming in the Rocky Mountain region.
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