Denbury Resources Inc. (NYSE:DNR) – Investment analysts at Capital One Financial Corporation lowered their FY2016 earnings estimates for Denbury Resources in a research note issued on Tuesday. Capital One Financial Corporation analyst R. Tullis now anticipates that the firm will post earnings of $0.03 per share for the year, down from their previous estimate of $0.04. Capital One Financial Corporation also issued estimates for Denbury Resources’ FY2017 earnings at $0.23 EPS.

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Earnings History and Estimates for Denbury Resources (NYSE:DNR)

DNR has been the subject of several other reports. Zacks Investment Research upgraded Denbury Resources from a “hold” rating to a “buy” rating and set a $3.50 price objective for the company in a report on Tuesday, November 22nd. Nomura reiterated a “sell” rating and set a $3.00 price objective on shares of Denbury Resources in a report on Monday, November 7th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has given a strong buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $2.69.

Denbury Resources (NYSE:DNR) opened at 3.28 on Thursday. The company has a 50 day moving average price of $3.61 and a 200 day moving average price of $3.23. The firm’s market cap is $1.27 billion. Denbury Resources has a 1-year low of $0.89 and a 1-year high of $4.80.

A number of institutional investors have recently bought and sold shares of DNR. Wright Investors Service Inc. acquired a new position in Denbury Resources during the second quarter valued at approximately $114,000. Airain ltd acquired a new position in Denbury Resources during the second quarter valued at approximately $430,000. Teacher Retirement System of Texas increased its position in Denbury Resources by 14.2% in the second quarter. Teacher Retirement System of Texas now owns 48,399 shares of the company’s stock valued at $174,000 after buying an additional 6,026 shares during the last quarter. Principal Financial Group Inc. increased its position in Denbury Resources by 18.1% in the second quarter. Principal Financial Group Inc. now owns 1,308,949 shares of the company’s stock valued at $4,699,000 after buying an additional 200,922 shares during the last quarter. Finally, Vanguard Group Inc. increased its position in Denbury Resources by 9.0% in the second quarter. Vanguard Group Inc. now owns 29,204,940 shares of the company’s stock valued at $104,845,000 after buying an additional 2,401,525 shares during the last quarter. 89.52% of the stock is currently owned by hedge funds and other institutional investors.

“FY2016 Earnings Forecast for Denbury Resources Inc. Issued By Capital One Financial Corporation (DNR)” was reported by Daily Political and is owned by of Daily Political. If you are viewing this piece of content on another domain, it was copied illegally and republished in violation of international copyright and trademark legislation. The original version of this piece of content can be read at http://www.dailypolitical.com/2017/02/16/fy2016-earnings-forecast-for-denbury-resources-inc-issued-by-capital-one-financial-corporation-dnr.html.

About Denbury Resources

Denbury Resources Inc is an independent oil and natural gas company. The Company’s operations are focused on two operating areas: the Gulf Coast and Rocky Mountain regions. Its properties with proved and producing reserves in the Gulf Coast region are situated in Mississippi, Texas, Louisiana and Alabama, and in the Rocky Mountain region are situated in Montana, North Dakota and Wyoming.

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