Denbury Resources Inc. (DNR) Expected to Announce Quarterly Sales of $255.18 Million

Joanna Estrada
July 14, 2017

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Denbury Resources (NYSE:DNR) has average revenue estimates of $259.09 Million, compared to low analyst estimates of $235.48 Million and high estimates of $280.45 Million for the current quarter. The High end of the forecast is $0.18 per share, while the Low end is $-0.03 per share. The company reported revenue of $297.52 Million in the same period past year. The firm is scheduled to issue its next earnings results on Thursday, August 3rd.

Maximum and minimum EPS estimate for the current quarter is projected at $0.18 and $-0.03, respectively, according to 11 analysts.

NA continued to hold its position in Denbury Resources Inc.

Denbury Resources (NYSE:DNR) last released its quarterly earnings data on Thursday, May 4th. The company beat the analyst EPS Estimate with the difference of $0.06. It is negative, as 32 investors sold Denbury Resources Inc. shares while 93 reduced holdings. That value represents a market adjusting for revenues that have been growing by 41.37 % on a quarterly year/year basis as of the company's last quarterly report. Kwmg Ltd Limited Liability Company owns 33,947 shares or 0.05% of their U.S. portfolio. (NYSE:DNR) was down -1.94% at $1.52 on Tuesday, in a 52-week range of $1.27 to $4.29 and with a consensus analyst target price of $2.35.

The consensus recommendation, according to Zacks Investment research, is 3.4.

05/05/2017 - Denbury Resources Inc. had its "sell" rating reiterated by analysts at UBS. Finally, Credit Suisse Group reaffirmed an "underperform" rating and issued a $2.00 price objective on shares of Denbury Resources in a research report on Friday, June 2nd. "Ultimately, through all this investigation into the company's performance the analyst decides whether their stock is a "buy", sell" or hold". They now have a United States dollars 3 price target on the stock. (NYSE:DNR) shares can stay above the price resistance around $1.61 a share, that could help propel Denbury Resources Inc. The Beta factor for the stock is listed at 3.33.

Denbury Resources Inc.'s average Book Value per Share Growth Rate was -60.1 percent during the past 12 months.

Taking a broader look brokerage firms' analysts on the street with an expectant view have Denbury Resources (NYSE:DNR) high price target of $4 and with a conservative view have low price target of $1.

For a total return analysis, there is the -20.90% return on equity and the -115.10% return on assets to consider. However the six-month change in the insider ownership was recorded -0.28%, as well as three-month change in the institutional ownership was recorded -0.06%. FMR LLC boosted its position in Denbury Resources by 0.7% in the fourth quarter. Comerica Bank now owns 326,861 shares of the oil and natural gas company's stock worth $1,242,000 after buying an additional 14,703 shares during the last quarter. Federated Investors Inc. PA now owns 213,902 shares of the oil and natural gas company's stock worth $787,000 after buying an additional 646 shares in the last quarter. Finally, Paloma Partners Management Co bought a new position in shares of Denbury Resources during the first quarter valued at approximately $190,000. (NYSE:DNR). Weaver C Barksdale & Assocs invested in 1,439 shares or 0.01% of the stock. Federated Investors Inc. PA increased its position in Denbury Resources by 0.3% in the fourth quarter.

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