Denbury Resources Inc. Expected to Post FY2018 Earnings of $0.49 Per Share (DNR)

Denbury Resources Inc. (NYSE:DNR) – Research analysts at KeyCorp boosted their FY2018 EPS estimates for Denbury Resources in a note issued to investors on Monday. KeyCorp analyst D. Deckelbaum now forecasts that the oil and natural gas company will post earnings per share of $0.49 for the year, up from their previous forecast of $0.41. KeyCorp currently has a “Hold” rating on the stock.

Other analysts have also recently issued research reports about the stock. Zacks Investment Research upgraded shares of Denbury Resources from a “hold” rating to a “buy” rating and set a $2.25 target price for the company in a research note on Wednesday, February 7th. Mizuho upgraded shares of Denbury Resources from a “neutral” rating to a “buy” rating in a research note on Tuesday, January 16th. Royal Bank of Canada restated a “hold” rating and issued a $2.00 target price on shares of Denbury Resources in a research note on Wednesday, December 20th. Finally, ValuEngine cut shares of Denbury Resources from a “hold” rating to a “sell” rating in a research note on Sunday, December 31st. Four research analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $2.09.

Denbury Resources (NYSE DNR) traded down $0.09 during mid-day trading on Wednesday, hitting $2.08. 3,433,415 shares of the stock traded hands, compared to its average volume of 9,596,337. Denbury Resources has a one year low of $0.92 and a one year high of $3.41. The firm has a market cap of $872.56, a PE ratio of -2.27 and a beta of 3.49. The company has a debt-to-equity ratio of 5.91, a current ratio of 0.53 and a quick ratio of 0.53.

Several institutional investors and hedge funds have recently made changes to their positions in the company. BlackRock Inc. increased its holdings in shares of Denbury Resources by 2.9% in the 4th quarter. BlackRock Inc. now owns 52,960,970 shares of the oil and natural gas company’s stock valued at $117,044,000 after purchasing an additional 1,516,392 shares in the last quarter. State Street Corp increased its holdings in shares of Denbury Resources by 1.8% in the 2nd quarter. State Street Corp now owns 21,829,124 shares of the oil and natural gas company’s stock valued at $33,402,000 after purchasing an additional 380,034 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Denbury Resources by 18.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 10,103,099 shares of the oil and natural gas company’s stock valued at $15,458,000 after purchasing an additional 1,573,866 shares in the last quarter. Northern Trust Corp increased its holdings in shares of Denbury Resources by 8.4% in the 2nd quarter. Northern Trust Corp now owns 4,859,338 shares of the oil and natural gas company’s stock valued at $7,436,000 after purchasing an additional 376,512 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Denbury Resources by 11.0% in the 4th quarter. Geode Capital Management LLC now owns 3,498,637 shares of the oil and natural gas company’s stock valued at $7,731,000 after purchasing an additional 346,183 shares in the last quarter. Institutional investors and hedge funds own 80.02% of the company’s stock.

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About Denbury Resources

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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