Wall Street brokerages forecast that Denbury Inc. (NYSE:DEN – Get Rating) will post sales of $340.31 million for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Denbury’s earnings. The highest sales estimate is $399.00 million and the lowest is $286.20 million. Denbury posted sales of $251.16 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 35.5%. The firm is scheduled to announce its next earnings results before the market opens on Monday, January 1st.
According to Zacks, analysts expect that Denbury will report full year sales of $1.41 billion for the current financial year, with estimates ranging from $1.23 billion to $1.66 billion. For the next fiscal year, analysts anticipate that the company will post sales of $1.42 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that cover Denbury.
Denbury (NYSE:DEN – Get Rating) last announced its quarterly earnings results on Thursday, February 24th. The company reported $0.76 EPS for the quarter, beating the Zacks’ consensus estimate of $0.71 by $0.05. Denbury had a net margin of 4.45% and a return on equity of 13.50%. The firm had revenue of $361.90 million during the quarter, compared to the consensus estimate of $299.44 million. During the same quarter last year, the firm earned $0.58 EPS.
Shares of NYSE DEN traded down $2.43 during trading hours on Friday, hitting $74.27. 9,678 shares of the company traded hands, compared to its average volume of 577,085. The firm’s 50 day moving average is $73.65. Denbury has a 12 month low of $44.71 and a 12 month high of $91.30. The company has a market capitalization of $3.73 billion, a PE ratio of 95.88 and a beta of 3.45. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.03.
Large investors have recently modified their holdings of the company. Dark Forest Capital Management LP increased its position in shares of Denbury by 885.2% during the third quarter. Dark Forest Capital Management LP now owns 601 shares of the company’s stock worth $42,000 after acquiring an additional 540 shares during the period. CWM LLC purchased a new position in shares of Denbury during the fourth quarter worth approximately $66,000. CSS LLC IL purchased a new position in shares of Denbury during the fourth quarter worth approximately $204,000. Squarepoint Ops LLC purchased a new position in shares of Denbury during the third quarter worth approximately $218,000. Finally, Kercheville Advisors LLC purchased a new position in shares of Denbury during the fourth quarter worth approximately $249,000. 99.73% of the stock is currently owned by institutional investors and hedge funds.
About Denbury (Get Rating)
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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