Denbury Inc. (NYSE:DEN) Expected to Announce Quarterly Sales of $225.43 Million

Wall Street brokerages expect Denbury Inc. (NYSE:DEN) to announce $225.43 million in sales for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Denbury’s earnings, with estimates ranging from $223.46 million to $227.40 million. The business is scheduled to report its next earnings results on Thursday, August 5th.

On average, analysts expect that Denbury will report full year sales of $854.28 million for the current fiscal year, with estimates ranging from $825.90 million to $882.66 million. For the next financial year, analysts anticipate that the company will post sales of $1.06 billion, with estimates ranging from $1.03 billion to $1.09 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover Denbury.

Denbury (NYSE:DEN) last issued its quarterly earnings data on Thursday, May 6th. The company reported $0.44 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.16. Denbury had a negative return on equity of 119.03% and a negative net margin of 162.77%.

DEN has been the subject of a number of recent research reports. Zacks Investment Research downgraded Denbury from a “strong-buy” rating to a “sell” rating in a research report on Monday, April 26th. Roth Capital upped their price target on Denbury from $39.00 to $57.00 and gave the stock a “buy” rating in a research report on Monday, May 3rd. Finally, KeyCorp upped their price target on Denbury from $60.00 to $62.00 and gave the stock an “overweight” rating in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $46.50.

NYSE:DEN traded down $1.25 during trading hours on Friday, reaching $51.75. 839,332 shares of the stock were exchanged, compared to its average volume of 813,493. Denbury has a twelve month low of $15.43 and a twelve month high of $61.50. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.62 and a quick ratio of 0.62. The firm has a 50 day moving average of $50.68 and a 200 day moving average of $34.67. The stock has a market cap of $2.59 billion, a PE ratio of 79.62 and a beta of 4.01.

A number of hedge funds have recently bought and sold shares of the business. Cutler Group LP bought a new position in Denbury during the 1st quarter worth $153,000. Simplex Trading LLC bought a new position in Denbury during the 1st quarter worth $172,000. XTX Topco Ltd bought a new position in Denbury during the 1st quarter worth $219,000. Stephens Inc. AR bought a new position in Denbury during the 1st quarter worth $247,000. Finally, PEAK6 Investments LLC bought a new position in Denbury during the 1st quarter worth $281,000. Hedge funds and other institutional investors own 8.20% of the company’s stock.

Denbury Company Profile

Denbury Inc, an independent energy company, focuses on producing oil from mature oil fields in the Gulf Coast and Rocky Mountain regions. The company holds interests in various oil and natural gas properties located in Mississippi, Texas, and Louisiana 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 (NYSE:DEN)

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