Wall Street analysts expect Denbury Resources Inc. (NYSE:DNR) to announce $304.94 million in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Denbury Resources’ earnings. The lowest sales estimate is $294.20 million and the highest is $315.00 million. Denbury Resources reported sales of $353.23 million in the same quarter last year, which would suggest a negative year over year growth rate of 13.7%. The business is scheduled to issue its next earnings results on Tuesday, May 14th.
According to Zacks, analysts expect that Denbury Resources will report full year sales of $1.53 billion for the current financial year, with estimates ranging from $1.34 billion to $1.67 billion. For the next year, analysts expect that the company will post sales of $1.70 billion, with estimates ranging from $1.42 billion to $1.93 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that follow Denbury Resources.
Denbury Resources (NYSE:DNR) last announced its earnings results on Wednesday, February 27th. The oil and natural gas company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.01. The company had revenue of $336.00 million for the quarter, compared to analyst estimates of $329.65 million. Denbury Resources had a return on equity of 23.95% and a net margin of 21.90%. The firm’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.12 earnings per share.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. M Holdings Securities Inc. acquired a new position in Denbury Resources in the fourth quarter valued at $25,000. D.A. Davidson & CO. acquired a new position in Denbury Resources in the fourth quarter valued at $34,000. PEAK6 Investments LLC acquired a new position in Denbury Resources in the fourth quarter valued at $38,000. Los Angeles Capital Management & Equity Research Inc. acquired a new position in Denbury Resources in the fourth quarter valued at $40,000. Finally, Pensionmark Financial Group LLC acquired a new position in Denbury Resources in the fourth quarter valued at $43,000. Institutional investors own 87.93% of the company’s stock.
NYSE DNR traded down $0.05 on Friday, reaching $1.78. The stock had a trading volume of 200,777 shares, compared to its average volume of 10,812,577. The firm has a market cap of $831.10 million, a price-to-earnings ratio of 3.71 and a beta of 3.58. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 2.33. Denbury Resources has a 12-month low of $1.39 and a 12-month high of $6.75.
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.
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