Denbury Resources (NYSE:DNR) posted its earnings results on Thursday. The oil and natural gas company reported $0.08 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.07 by $0.01, RTT News reports. The company had revenue of $315.45 million during the quarter, compared to analyst estimates of $307.85 million. Denbury Resources had a return on equity of 18.67% and a net margin of 27.05%. The company’s revenue for the quarter was down 20.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.13 EPS.
Denbury Resources stock opened at $1.12 on Friday. The firm has a market capitalization of $495.44 million, a P/E ratio of 2.33 and a beta of 3.38. Denbury Resources has a 1 year low of $0.87 and a 1 year high of $3.13. The business has a 50-day moving average of $1.10 and a 200-day moving average of $1.31. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 1.98.
Several equities analysts have recently issued reports on DNR shares. ValuEngine upgraded Denbury Resources from a “strong sell” rating to a “sell” rating in a research report on Wednesday, October 2nd. Royal Bank of Canada set a $2.00 target price on Denbury Resources and gave the stock a “hold” rating in a research report on Monday, August 12th. Finally, Imperial Capital set a $1.00 target price on Denbury Resources and gave the stock a “hold” rating in a research report on Friday, October 18th. Two investment analysts have rated the stock with a sell rating and six have given a hold rating to the stock. The company has an average rating of “Hold” and an average price target of $3.38.
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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