Brokerages expect Denbury Resources Inc. (NYSE:DNR) to announce earnings per share (EPS) of $0.13 for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Denbury Resources’ earnings. The lowest EPS estimate is $0.10 and the highest is $0.17. Denbury Resources also posted earnings per share of $0.13 in the same quarter last year. The company is scheduled to announce its next quarterly earnings report on Tuesday, August 6th.

According to Zacks, analysts expect that Denbury Resources will report full-year earnings of $0.48 per share for the current financial year, with EPS estimates ranging from $0.37 to $0.58. For the next year, analysts forecast that the firm will post earnings of $0.47 per share, with EPS estimates ranging from $0.35 to $0.63. Zacks’ earnings per share averages are an average based on a survey of research analysts that follow Denbury Resources.

Denbury Resources (NYSE:DNR) last announced its earnings results on Tuesday, May 7th. The oil and natural gas company reported $0.10 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.08 by $0.02. The company had revenue of $305.40 million during the quarter, compared to the consensus estimate of $314.49 million. Denbury Resources had a net margin of 18.06% and a return on equity of 20.60%. The firm’s revenue for the quarter was down 13.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.12 earnings per share.

A number of analysts recently issued reports on the stock. Oppenheimer restated a “hold” rating on shares of Denbury Resources in a report on Thursday, March 21st. Imperial Capital set a $2.00 price objective on shares of Denbury Resources and gave the stock a “hold” rating in a report on Thursday, March 28th. Zacks Investment Research downgraded shares of Denbury Resources from a “hold” rating to a “sell” rating in a report on Wednesday, April 10th. Finally, TheStreet downgraded shares of Denbury Resources from a “c-” rating to a “d+” rating in a report on Thursday, May 23rd. Two analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. The stock presently has an average rating of “Hold” and an average target price of $4.36.

In other Denbury Resources news, insider Christian S. Kendall bought 150,000 shares of the business’s stock in a transaction on Tuesday, March 26th. The stock was purchased at an average price of $2.00 per share, for a total transaction of $300,000.00. Following the completion of the transaction, the insider now directly owns 1,751,765 shares of the company’s stock, valued at $3,503,530. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. 1.10% of the stock is owned by company insiders.

A number of large investors have recently modified their holdings of the business. LS Investment Advisors LLC boosted its position in shares of Denbury Resources by 5.1% in the first quarter. LS Investment Advisors LLC now owns 90,058 shares of the oil and natural gas company’s stock valued at $185,000 after acquiring an additional 4,352 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Denbury Resources by 23.1% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 28,293 shares of the oil and natural gas company’s stock valued at $48,000 after acquiring an additional 5,309 shares during the period. SG Americas Securities LLC boosted its position in shares of Denbury Resources by 25.9% in the fourth quarter. SG Americas Securities LLC now owns 27,643 shares of the oil and natural gas company’s stock valued at $47,000 after acquiring an additional 5,688 shares during the period. Hartford Investment Management Co. boosted its position in shares of Denbury Resources by 4.8% in the fourth quarter. Hartford Investment Management Co. now owns 149,070 shares of the oil and natural gas company’s stock valued at $255,000 after acquiring an additional 6,800 shares during the period. Finally, Piedmont Investment Advisors Inc. boosted its position in shares of Denbury Resources by 6.9% in the first quarter. Piedmont Investment Advisors Inc. now owns 117,152 shares of the oil and natural gas company’s stock valued at $240,000 after acquiring an additional 7,572 shares during the period. Hedge funds and other institutional investors own 80.09% of the company’s stock.

Shares of DNR stock traded down $0.05 on Friday, hitting $1.21. The stock had a trading volume of 10,018,930 shares, compared to its average volume of 12,189,569. The company has a market cap of $558.09 million, a P/E ratio of 2.52 and a beta of 3.68. The company has a debt-to-equity ratio of 2.40, a current ratio of 0.59 and a quick ratio of 0.59. Denbury Resources has a 12-month low of $1.12 and a 12-month high of $6.75.

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

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