Denbury Resources Inc. (NYSE:DNR) – Stock analysts at Capital One Financial raised their Q1 2019 earnings estimates for shares of Denbury Resources in a research report issued to clients and investors on Thursday, November 15th. Capital One Financial analyst R. Tullis now forecasts that the oil and natural gas company will post earnings of $0.18 per share for the quarter, up from their prior estimate of $0.14. Capital One Financial also issued estimates for Denbury Resources’ Q2 2019 earnings at $0.17 EPS, Q4 2019 earnings at $0.15 EPS and FY2019 earnings at $0.67 EPS.

A number of other brokerages have also recently weighed in on DNR. ValuEngine cut shares of Denbury Resources from a “sell” rating to a “strong sell” rating in a research note on Thursday, November 1st. TheStreet cut shares of Denbury Resources from a “c-” rating to a “d+” rating in a research note on Friday, November 2nd. Zacks Investment Research cut shares of Denbury Resources from a “buy” rating to a “hold” rating in a research note on Tuesday, October 9th. KLR Group reiterated a “hold” rating and set a $5.00 price target on shares of Denbury Resources in a research note on Monday, August 20th. Finally, Oppenheimer reiterated a “buy” rating on shares of Denbury Resources in a research note on Monday, October 29th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $4.84.

Shares of NYSE:DNR opened at $2.45 on Monday. The firm has a market cap of $1.19 billion, a P/E ratio of 17.50 and a beta of 3.74. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 2.80. Denbury Resources has a 1-year low of $1.53 and a 1-year high of $6.75.

Denbury Resources (NYSE:DNR) last issued its quarterly earnings results on Thursday, November 8th. The oil and natural gas company reported $0.13 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.11 by $0.02. The firm had revenue of $395.00 million during the quarter, compared to analysts’ expectations of $348.39 million. Denbury Resources had a net margin of 18.81% and a return on equity of 27.79%. Denbury Resources’s quarterly revenue was up 48.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.04 EPS.

A number of institutional investors have recently made changes to their positions in DNR. Alliancebernstein L.P. raised its position in Denbury Resources by 118.7% during the 3rd quarter. Alliancebernstein L.P. now owns 18,889,891 shares of the oil and natural gas company’s stock worth $117,117,000 after buying an additional 10,250,727 shares during the last quarter. BlackRock Inc. raised its position in Denbury Resources by 15.6% during the 3rd quarter. BlackRock Inc. now owns 65,977,332 shares of the oil and natural gas company’s stock worth $409,060,000 after buying an additional 8,900,219 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Denbury Resources by 50.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 19,489,262 shares of the oil and natural gas company’s stock valued at $93,744,000 after purchasing an additional 6,542,311 shares in the last quarter. FMR LLC increased its holdings in shares of Denbury Resources by 29.9% in the 3rd quarter. FMR LLC now owns 28,324,948 shares of the oil and natural gas company’s stock valued at $175,615,000 after purchasing an additional 6,525,531 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in shares of Denbury Resources by 48.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 16,680,373 shares of the oil and natural gas company’s stock valued at $103,419,000 after purchasing an additional 5,428,350 shares in the last quarter. Institutional investors own 93.35% of the company’s stock.

In other Denbury Resources news, CAO James S. Matthews sold 20,000 shares of the company’s stock in a transaction on Thursday, August 23rd. The shares were sold at an average price of $4.86, for a total transaction of $97,200.00. Following the completion of the transaction, the chief accounting officer now owns 459,949 shares in the company, valued at approximately $2,235,352.14. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.10% of the stock is currently owned by corporate insiders.

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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