Denbury Resources (DNR) to Release Earnings on Thursday

Denbury Resources (NYSE:DNR) is scheduled to post its quarterly earnings results before the market opens on Thursday, November 8th. Analysts expect Denbury Resources to post earnings of $0.11 per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

Denbury Resources (NYSE:DNR) last released its quarterly earnings results on Tuesday, August 7th. The oil and natural gas company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.02. Denbury Resources had a net margin of 14.77% and a return on equity of 25.74%. The firm had revenue of $387.06 million during the quarter, compared to analyst estimates of $328.72 million. On average, analysts expect Denbury Resources to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Denbury Resources stock opened at $3.19 on Wednesday. The company has a debt-to-equity ratio of 3.04, a current ratio of 0.43 and a quick ratio of 0.43. Denbury Resources has a 52-week low of $1.53 and a 52-week high of $6.75. The company has a market cap of $1.51 billion, a price-to-earnings ratio of 22.79 and a beta of 3.74.

Several research firms have recently weighed in on DNR. Stifel Nicolaus lifted their price objective on shares of Denbury Resources from $1.30 to $4.60 and gave the company a “hold” rating in a research note on Wednesday, August 1st. Johnson Rice upgraded shares of Denbury Resources from a “hold” rating to an “accumulate” rating in a research note on Wednesday, August 15th. ValuEngine lowered shares of Denbury Resources from a “hold” rating to a “sell” rating in a research note on Tuesday, October 23rd. Oppenheimer began coverage on shares of Denbury Resources in a research note on Wednesday, October 3rd. They issued an “outperform” rating and a $9.00 price objective for the company. Finally, Royal Bank of Canada reiterated a “hold” rating and issued a $5.00 price objective on shares of Denbury Resources in a research note on Friday, July 13th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $5.01.

In other news, CAO James S. Matthews sold 20,000 shares of Denbury Resources stock in a transaction on Thursday, August 23rd. The shares were sold at an average price of $4.86, for a total value of $97,200.00. Following the completion of the sale, the chief accounting officer now owns 459,949 shares in the company, valued at approximately $2,235,352.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.10% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: “Denbury Resources (DNR) to Release Earnings on Thursday” was originally published by Enterprise Leader and is the sole property of of Enterprise Leader. If you are reading this story on another website, it was illegally stolen and reposted in violation of United States and international copyright law. The correct version of this story can be accessed at https://theenterpriseleader.com/2018/11/07/denbury-resources-dnr-to-release-earnings-on-thursday.html.

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.

Featured Story: How to Invest in Growth Stocks

Earnings History for Denbury Resources (NYSE:DNR)

Receive News & Ratings for Denbury Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Denbury Resources and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply