Equities Analysts Issue Forecasts for Denbury Resources Inc.’s Q2 2018 Earnings (DNR)

Denbury Resources Inc. (NYSE:DNR) – Analysts at Capital One Financial issued their Q2 2018 earnings estimates for Denbury Resources in a research report issued on Tuesday. Capital One Financial analyst R. Tullis expects that the oil and natural gas company will post earnings per share of $0.11 for the quarter. Capital One Financial also issued estimates for Denbury Resources’ Q3 2018 earnings at $0.10 EPS and Q4 2018 earnings at $0.05 EPS.

Several other research analysts have also issued reports on DNR. KeyCorp reissued a “hold” rating on shares of Denbury Resources in a research report on Monday, November 13th. Zacks Investment Research lowered Denbury Resources from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 5th. Royal Bank of Canada reissued a “hold” rating and issued a $2.00 target price on shares of Denbury Resources in a research report on Wednesday, December 20th. ValuEngine lowered Denbury Resources from a “hold” rating to a “sell” rating in a research report on Sunday, December 31st. Finally, Mizuho upgraded Denbury Resources from a “neutral” rating to a “buy” rating in a research note on Tuesday, January 16th. Four investment analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company. Denbury Resources presently has an average rating of “Hold” and a consensus price target of $2.09.

Denbury Resources (NYSE DNR) opened at $2.26 on Thursday. Denbury Resources has a 52-week low of $0.91 and a 52-week high of $3.41. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 5.91.

Several institutional investors have recently bought and sold shares of the stock. MetLife Investment Advisors LLC purchased a new stake in shares of Denbury Resources in the 4th quarter worth approximately $233,000. Millennium Management LLC grew its stake in shares of Denbury Resources by 314.1% in the 4th quarter. Millennium Management LLC now owns 3,410,876 shares of the oil and natural gas company’s stock worth $7,538,000 after buying an additional 2,587,244 shares during the last quarter. TIAA CREF Investment Management LLC grew its stake in shares of Denbury Resources by 33.8% in the 4th quarter. TIAA CREF Investment Management LLC now owns 2,043,335 shares of the oil and natural gas company’s stock worth $4,516,000 after buying an additional 516,538 shares during the last quarter. Teachers Advisors LLC grew its stake in shares of Denbury Resources by 56.9% in the 4th quarter. Teachers Advisors LLC now owns 1,519,835 shares of the oil and natural gas company’s stock worth $3,359,000 after buying an additional 551,399 shares during the last quarter. Finally, HBK Investments L P purchased a new stake in shares of Denbury Resources in the 4th quarter worth approximately $144,000. Institutional investors own 80.02% of the company’s stock.

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Denbury Resources Company Profile

Denbury Resources Inc is an independent oil and natural gas company. The Company’s operations are focused in 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.

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

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