Denbury Resources Inc. (NYSE:DNR) – Equities researchers at Imperial Capital increased their Q1 2019 earnings per share estimates for shares of Denbury Resources in a report released on Wednesday, April 24th. Imperial Capital analyst J. Wangler now forecasts that the oil and natural gas company will earn $0.10 per share for the quarter, up from their prior estimate of $0.09. Imperial Capital has a “Outperform” rating on the stock. Imperial Capital also issued estimates for Denbury Resources’ FY2020 earnings at $0.57 EPS.
A number of other research firms have also recently commented on DNR. Zacks Investment Research raised shares of Denbury Resources from a “sell” rating to a “hold” rating in a research note on Tuesday. Johnson Rice cut shares of Denbury Resources from an “accumulate” rating to a “hold” rating in a research note on Tuesday, January 8th. Finally, Oppenheimer reissued a “hold” rating on shares of Denbury Resources in a research note on Thursday, March 21st. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company’s stock. Denbury Resources presently has an average rating of “Hold” and an average target price of $4.36.
DNR stock opened at $2.29 on Thursday. The stock has a market cap of $1.05 billion, a PE ratio of 4.77 and a beta of 3.58. The company has a debt-to-equity ratio of 2.33, a current ratio of 0.81 and a quick ratio of 0.81. Denbury Resources has a 52 week low of $1.39 and a 52 week high of $6.75.
Denbury Resources (NYSE:DNR) last released its earnings results on Wednesday, February 27th. The oil and natural gas company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.01. The business had revenue of $336.00 million during the quarter, compared to analysts’ expectations of $329.65 million. Denbury Resources had a net margin of 21.90% and a return on equity of 23.95%. The company’s quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.12 earnings per share.
In related news, insider Christian S. Kendall bought 150,000 shares of the business’s stock in a transaction dated Tuesday, March 26th. The stock was acquired at an average price of $2.00 per share, with a total value of $300,000.00. Following the completion of the purchase, the insider now directly owns 1,751,765 shares of the company’s stock, valued at $3,503,530. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.10% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in DNR. M Holdings Securities Inc. purchased a new stake in Denbury Resources during the 4th quarter valued at about $25,000. D.A. Davidson & CO. purchased a new stake in Denbury Resources during the 4th quarter valued at about $34,000. PEAK6 Investments LLC purchased a new stake in Denbury Resources during the 4th quarter valued at about $38,000. Los Angeles Capital Management & Equity Research Inc. purchased a new stake in Denbury Resources during the 4th quarter valued at about $40,000. Finally, Augustine Asset Management Inc. purchased a new stake in Denbury Resources during the 4th quarter valued at about $42,000. 89.55% of the stock is owned by institutional investors.
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.