Denbury Resources (DNR) Releases Earnings Results, Beats Expectations By $0.06 EPS

Denbury Resources (DNR) reported quarterly earnings results on Thursday, Aug-4-2016. The company said it had a profit of $0.08 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.06. Analysts had a consensus of $0.02. The company posted revenue of $255.10 million in the period, compared to analysts expectations of $299.91 million. The company’s revenue was down -32.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.13 EPS.

Many Wall Street Analysts have commented on Denbury Resources. Denbury Resources was Upgraded by Stifel to ” Hold” on Jun 15, 2016.

Denbury Resources closed down -0.06 points or -2.21% at $2.66 with 1,03,22,441 shares getting traded on Tusday. Post opening the session at $2.86, the shares hit an intraday low of $2.58 and an intraday high of $2.9 and the price fluctuated in this range throughout the day.Shares ended Tusday session in Red.

In a different news, on Apr 2, 2015, Ronald G Greene (director) sold 45,000 shares at $18.42 per share price.

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. The Company’s 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. The Company’s primary Gulf Coast CO2 source is Jackson Dome. The Company’s mature group of properties includes the initial CO2 field Little Creek as well as several other fields including Brookhaven Cranfield Eucutta Lockhart Crossing Mallalieu Martinville McComb and Soso fields. The Company also holds interest in the 183-mile NEJD CO2 pipeline that runs from Jackson Dome to near Donaldsonville Louisiana.

Denbury Resources

Leave a Reply

Denbury Resources - Is it time to Sell?

Top Brokerage Firms are advising their investors on Denbury Resources. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.