Wall Street brokerages expect Denbury Resources Inc. (NYSE:DNR) to post earnings per share of $0.10 for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Denbury Resources’ earnings, with the highest EPS estimate coming in at $0.12 and the lowest estimate coming in at $0.08. Denbury Resources reported earnings of $0.04 per share in the same quarter last year, which would indicate a positive year over year growth rate of 150%. The firm is expected to report its next quarterly earnings report on Tuesday, November 6th.

According to Zacks, analysts expect that Denbury Resources will report full year earnings of $0.47 per share for the current financial year, with EPS estimates ranging from $0.46 to $0.50. For the next financial year, analysts anticipate that the company will post earnings of $0.71 per share, with EPS estimates ranging from $0.46 to $0.84. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Denbury Resources.

Denbury Resources (NYSE:DNR) last issued its quarterly earnings data on Tuesday, August 7th. The oil and natural gas company reported $0.13 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.11 by $0.02. The firm had revenue of $387.06 million during the quarter, compared to analyst estimates of $328.72 million. Denbury Resources had a return on equity of 25.74% and a net margin of 14.77%.

A number of brokerages have recently weighed in on DNR. ValuEngine lowered Denbury Resources from a “hold” rating to a “sell” rating in a research report on Monday, July 2nd. Stifel Nicolaus raised their price objective on Denbury Resources from $1.30 to $4.60 and gave the company a “hold” rating in a research report on Wednesday, August 1st. Johnson Rice upgraded Denbury Resources from a “hold” rating to an “accumulate” rating in a research report on Wednesday, August 15th. KLR Group restated a “hold” rating and set a $5.00 price objective on shares of Denbury Resources in a research report on Monday, August 20th. Finally, Royal Bank of Canada restated a “hold” rating and set a $5.00 price objective on shares of Denbury Resources in a research report on Friday, July 13th. Nine equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $3.59.

Shares of Denbury Resources stock traded up $0.12 during trading on Friday, reaching $5.28. 8,994,242 shares of the stock traded hands, compared to its average volume of 9,937,870. The firm has a market cap of $2.52 billion, a price-to-earnings ratio of 37.71 and a beta of 3.39. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 3.04. Denbury Resources has a 52-week low of $1.04 and a 52-week high of $5.84.

In related news, CAO James S. Matthews sold 20,000 shares of Denbury Resources stock in a transaction dated Thursday, August 23rd. The stock was sold at an average price of $4.86, for a total value of $97,200.00. Following the completion of the transaction, the chief accounting officer now owns 459,949 shares in the company, valued at $2,235,352.14. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 1.10% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Everence Capital Management Inc. purchased a new position in Denbury Resources in the second quarter worth about $117,000. LPL Financial LLC grew its position in Denbury Resources by 33.5% in the first quarter. LPL Financial LLC now owns 54,094 shares of the oil and natural gas company’s stock worth $148,000 after acquiring an additional 13,577 shares in the last quarter. Advisor Partners LLC purchased a new position in Denbury Resources in the second quarter worth about $151,000. CIBC Private Wealth Group LLC grew its position in Denbury Resources by 41.5% in the second quarter. CIBC Private Wealth Group LLC now owns 40,900 shares of the oil and natural gas company’s stock worth $197,000 after acquiring an additional 12,000 shares in the last quarter. Finally, Jane Street Group LLC grew its position in Denbury Resources by 130.5% in the first quarter. Jane Street Group LLC now owns 92,578 shares of the oil and natural gas company’s stock worth $254,000 after acquiring an additional 52,416 shares in the last quarter. Institutional investors own 85.02% of the company’s stock.

About Denbury Resources

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

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