Denbury Resources (DNR) to Release Earnings on Wednesday

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Denbury Resources (NYSE:DNR) will be posting its quarterly earnings results before the market opens on Wednesday, August 7th. Analysts expect Denbury Resources to post earnings of $0.13 per share for the quarter.

Denbury Resources (NYSE:DNR) last released its earnings results on Tuesday, May 7th. The oil and natural gas company reported $0.10 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.08 by $0.02. The firm had revenue of $305.40 million for the quarter, compared to the consensus estimate of $314.49 million. Denbury Resources had a return on equity of 20.60% and a net margin of 18.06%. The company’s revenue for the quarter was down 13.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.12 EPS. On average, analysts expect Denbury Resources to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

NYSE DNR opened at $0.97 on Tuesday. The company has a market cap of $470.46 million, a P/E ratio of 2.02 and a beta of 3.36. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 2.40. The firm’s 50 day moving average is $1.19. Denbury Resources has a fifty-two week low of $0.91 and a fifty-two week high of $6.75.

Several equities analysts have recently weighed in on the company. Zacks Investment Research raised Denbury Resources from a “sell” rating to a “hold” rating in a research report on Tuesday, April 23rd. Imperial Capital cut their target price on Denbury Resources from $3.00 to $2.00 and set an “in-line” rating on the stock in a research report on Thursday, June 6th. TheStreet downgraded Denbury Resources from a “c-” rating to a “d+” rating in a research report on Thursday, May 23rd. Finally, UBS Group set a $2.00 price objective on Denbury Resources and gave the company a “hold” rating in a research report on Thursday, June 20th. Two investment analysts have rated the stock with a sell rating and six have given a hold rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $4.04.

In other Denbury Resources news, insider Christian S. Kendall acquired 100,000 shares of the business’s stock in a transaction on Wednesday, June 26th. The shares were bought at an average price of $1.25 per share, with a total value of $125,000.00. Following the transaction, the insider now directly owns 2,003,390 shares of the company’s stock, valued at approximately $2,504,237.50. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.20% of the company’s stock.

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.

See Also: Rule of 72

Earnings History for Denbury Resources (NYSE:DNR)

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