Denbury Resources Inc. (NYSE:DNR) – Capital One Financial reduced their Q1 2019 earnings per share (EPS) estimates for Denbury Resources in a research note issued on Thursday, April 18th. Capital One Financial analyst R. Tullis now expects that the oil and natural gas company will earn $0.08 per share for the quarter, down from their previous estimate of $0.10. Capital One Financial also issued estimates for Denbury Resources’ Q2 2019 earnings at $0.11 EPS and FY2019 earnings at $0.42 EPS.

Denbury Resources (NYSE:DNR) last issued its quarterly earnings results on Wednesday, February 27th. The oil and natural gas company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.01. The company had revenue of $336.00 million for the quarter, compared to analyst estimates of $329.65 million. Denbury Resources had a return on equity of 23.95% and a net margin of 21.90%. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.12 earnings per share.

A number of other brokerages have also commented on DNR. Zacks Investment Research lowered Denbury Resources from a “hold” rating to a “sell” rating in a report on Wednesday, April 10th. Oppenheimer restated a “hold” rating on shares of Denbury Resources in a report on Thursday, March 21st. Johnson Rice lowered Denbury Resources from an “accumulate” rating to a “hold” rating in a report on Tuesday, January 8th. Finally, Imperial Capital set a $2.00 price target on Denbury Resources and gave the company a “hold” rating in a report on Thursday, March 28th. Three research analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. Denbury Resources has a consensus rating of “Hold” and a consensus target price of $4.36.

Shares of Denbury Resources stock opened at $2.21 on Friday. The stock has a market capitalization of $1.02 billion, a PE ratio of 4.60 and a beta of 3.58. Denbury Resources has a one year low of $1.39 and a one year high of $6.75. The company has a debt-to-equity ratio of 2.33, a quick ratio of 0.81 and a current ratio of 0.81.

Several large investors have recently added to or reduced their stakes in DNR. Norges Bank acquired a new stake in shares of Denbury Resources in the fourth quarter valued at about $12,891,000. JPMorgan Chase & Co. increased its position in Denbury Resources by 48.2% during the third quarter. JPMorgan Chase & Co. now owns 16,680,373 shares of the oil and natural gas company’s stock worth $103,419,000 after buying an additional 5,428,350 shares during the last quarter. Vanguard Group Inc. increased its position in Denbury Resources by 4.6% during the third quarter. Vanguard Group Inc. now owns 61,830,605 shares of the oil and natural gas company’s stock worth $383,349,000 after buying an additional 2,706,664 shares during the last quarter. Vanguard Group Inc increased its position in Denbury Resources by 4.6% during the third quarter. Vanguard Group Inc now owns 61,830,605 shares of the oil and natural gas company’s stock worth $383,349,000 after buying an additional 2,706,664 shares during the last quarter. Finally, Canada Pension Plan Investment Board increased its position in Denbury Resources by 152.6% during the fourth quarter. Canada Pension Plan Investment Board now owns 4,428,500 shares of the oil and natural gas company’s stock worth $7,572,000 after buying an additional 2,675,500 shares during the last quarter. 89.56% of the stock is currently owned by institutional investors and hedge funds.

In related news, insider Christian S. Kendall bought 150,000 shares of the stock in a transaction that occurred on Tuesday, March 26th. The shares were acquired at an average price of $2.00 per share, with a total value of $300,000.00. Following the completion of the transaction, the insider now owns 1,751,765 shares in the company, valued at $3,503,530. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.10% of the stock is currently owned by insiders.

Denbury Resources Company Profile

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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