Brokerages forecast that Denbury Resources Inc. (NYSE:DNR) will announce sales of $312.38 million for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Denbury Resources’ earnings. The highest sales estimate is $328.24 million and the lowest is $303.90 million. Denbury Resources posted sales of $394.97 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 20.9%. The company is scheduled to announce its next quarterly earnings results on Thursday, November 14th.
According to Zacks, analysts expect that Denbury Resources will report full-year sales of $1.28 billion for the current financial year, with estimates ranging from $1.26 billion to $1.31 billion. For the next year, analysts expect that the firm will report sales of $1.23 billion, with estimates ranging from $1.20 billion to $1.29 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow Denbury Resources.
Denbury Resources (NYSE:DNR) last posted its quarterly earnings data on Wednesday, August 7th. The oil and natural gas company reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.04. Denbury Resources had a net margin of 27.05% and a return on equity of 18.67%. The firm had revenue of $343.36 million during the quarter, compared to analyst estimates of $331.52 million. During the same quarter last year, the business posted $0.13 EPS. The company’s revenue was down 11.3% on a year-over-year basis.
Denbury Resources stock traded up $0.01 during midday trading on Wednesday, reaching $1.06. The stock had a trading volume of 8,672,503 shares, compared to its average volume of 13,067,727. The firm’s fifty day simple moving average is $1.16 and its two-hundred day simple moving average is $1.48. Denbury Resources has a twelve month low of $0.87 and a twelve month high of $6.54. The company has a debt-to-equity ratio of 1.98, a current ratio of 0.58 and a quick ratio of 0.58. The firm has a market cap of $497.84 million, a price-to-earnings ratio of 2.21 and a beta of 3.37.
Large investors have recently modified their holdings of the business. D.A. Davidson & CO. boosted its stake in shares of Denbury Resources by 50.0% during 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 buying an additional 10,000 shares during the period. Mackenzie Financial Corp acquired a new stake in shares of Denbury Resources during the 2nd quarter valued at $40,000. Pensionmark Financial Group LLC boosted its stake in shares of Denbury Resources by 67.3% during 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 buying an additional 17,500 shares during the period. Callahan Advisors LLC boosted its stake in shares of Denbury Resources by 32.3% during 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 buying an additional 15,500 shares during the period. Finally, Victory Capital Management Inc. boosted its stake in shares of Denbury Resources by 70.6% during the 1st quarter. Victory Capital Management Inc. now owns 66,976 shares of the oil and natural gas company’s stock valued at $137,000 after buying an additional 27,715 shares during the period. 75.14% 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.
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