Wall Street analysts expect that Denbury Resources Inc. (NYSE:DNR) will announce earnings of $0.10 per share for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Denbury Resources’ earnings. The lowest EPS estimate is $0.09 and the highest is $0.13. Denbury Resources posted earnings per share of $0.12 during the same quarter last year, which would indicate a negative year over year growth rate of 16.7%. The business is scheduled to report its next earnings results on Tuesday, May 14th.
According to Zacks, analysts expect that Denbury Resources will report full-year earnings of $0.43 per share for the current financial year, with EPS estimates ranging from $0.31 to $0.49. For the next financial year, analysts expect that the firm will post earnings of $0.45 per share, with EPS estimates ranging from $0.23 to $0.67. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Denbury Resources.
Denbury Resources (NYSE:DNR) last posted its quarterly earnings results on Wednesday, February 27th. The oil and natural gas company reported $0.10 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.09 by $0.01. The business had revenue of $336.00 million during the quarter, compared to the consensus estimate of $329.65 million. Denbury Resources had a net margin of 21.90% and a return on equity of 23.95%. Denbury Resources’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.12 earnings per share.
Hedge funds and other institutional investors have recently bought and sold shares of the business. M Holdings Securities Inc. bought a new stake in Denbury Resources during the fourth quarter worth $25,000. D.A. Davidson & CO. bought a new stake in Denbury Resources during the fourth quarter worth $34,000. PEAK6 Investments LLC bought a new stake in Denbury Resources during the fourth quarter worth $38,000. Los Angeles Capital Management & Equity Research Inc. bought a new stake in Denbury Resources during the fourth quarter worth $40,000. Finally, Pensionmark Financial Group LLC bought a new stake in Denbury Resources during the fourth quarter worth $43,000. 87.93% of the stock is currently owned by hedge funds and other institutional investors.
Shares of DNR traded down $0.05 on Friday, reaching $1.78. 200,777 shares of the company’s stock were exchanged, compared to its average volume of 10,812,577. The company has a debt-to-equity ratio of 2.33, a current ratio of 0.81 and a quick ratio of 0.81. The company has a market cap of $831.10 million, a price-to-earnings ratio of 3.71 and a beta of 3.58. Denbury Resources has a 12 month low of $1.39 and a 12 month 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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