Denbury Resources Inc. (NYSE:DNR) – Investment analysts at Imperial Capital cut their Q3 2019 EPS estimates for Denbury Resources in a research report issued on Friday, October 18th. Imperial Capital analyst J. Wangler now forecasts that the oil and natural gas company will post earnings of $0.08 per share for the quarter, down from their prior estimate of $0.10. Imperial Capital has a “Hold” rating and a $1.00 price objective on the stock. Imperial Capital also issued estimates for Denbury Resources’ Q4 2019 earnings at $0.08 EPS.
Denbury Resources (NYSE:DNR) last issued its quarterly earnings results on Wednesday, August 7th. The oil and natural gas company reported $0.13 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.09 by $0.04. The firm had revenue of $343.36 million for the quarter, compared to analyst estimates of $331.52 million. Denbury Resources had a net margin of 27.05% and a return on equity of 18.67%. Denbury Resources’s quarterly revenue was down 11.3% compared to the same quarter last year. During the same period last year, the company posted $0.13 EPS.
Shares of Denbury Resources stock opened at $1.05 on Monday. The firm has a market capitalization of $474.36 million, a PE ratio of 2.19 and a beta of 3.37. Denbury Resources has a twelve month low of $0.87 and a twelve month high of $5.01. The firm’s 50-day moving average price is $1.16 and its 200 day moving average price is $1.42. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 1.98.
Hedge funds have recently added to or reduced their stakes in the business. D.A. Davidson & CO. raised its holdings in Denbury Resources by 50.0% in the 2nd quarter. D.A. Davidson & CO. now owns 30,000 shares of the oil and natural gas company’s stock valued at $37,000 after acquiring an additional 10,000 shares during the last quarter. Mackenzie Financial Corp acquired a new stake in Denbury Resources in the 2nd quarter valued at about $40,000. Pensionmark Financial Group LLC raised its holdings in Denbury Resources by 67.3% in the 2nd quarter. Pensionmark Financial Group LLC now owns 43,500 shares of the oil and natural gas company’s stock valued at $44,000 after acquiring an additional 17,500 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in Denbury Resources by 26.6% in the 3rd quarter. Envestnet Asset Management Inc. now owns 61,498 shares of the oil and natural gas company’s stock valued at $73,000 after acquiring an additional 12,931 shares during the last quarter. Finally, Callahan Advisors LLC raised its holdings in Denbury Resources by 32.3% in the 2nd quarter. Callahan Advisors LLC now owns 63,500 shares of the oil and natural gas company’s stock valued at $79,000 after acquiring an additional 15,500 shares during the last quarter. Institutional investors own 75.24% 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.
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