Denbury Resources Inc. (NYSE:DNR) Poised for Growth Post 3Q Earnings Call Next Week


Dallas, Texas 11/01/2013 (Financialstrend) –  The S&P 500 index tracked Denbury Resources Inc. (NYSE:DNR) has a market cap of $7 billion. The Plano, Texas based oil firm has announced that it will be announcing results from its third quarter operations on November 5. The firm was trading at $18.99 per share which translates to a an 5.2% increase over its 200 day moving average. The stock has struggled to keep its valuation increase in the positive territory over the past 30 days. It has posted a 0.3% increase in its valuation over the past 30 days. In the last 5 days of trading the stock has gone up by 0.8% in value. The appreciation in value over the long term seems better with a 23% increase in value over the past 12 months.

In its second quarter which ended on June 30, the oil and gas manufacturer had posted net sales increase of 8% in comparison to its 2Q 12 numbers. Its earnings per share had dipped by more than 35% in the same period. While its gross margins were healthy, its profit margins had come down to just 17% above its trailing 12 months average. In the same period, the firm had posted close to $2.4 billion in sales and generated net income of $417 million.

Analysts believe that the third quarter results from this oil producer would be mixed considering the erratic fluctuation in the price of gas and oil in the previous 3 months. The analysts have a price target of $22.5 for the stock. This translates to a 18% premium on its close of October 31 price. It was trading at $18.99 per share down 0.26% from its previous day close. The current price of the stock is a 3.36% dip below its 52 week high valuation of $19.65 per share.

Subscribe to get your free report!

* indicates required
*Past performance is not a predictor of future results. All investing involves risk of loss and individual investments may vary. The examples provided may not be representative of typical results. Your capital is at risk when you invest – you can lose some or all of your money. Never risk more than you can afford to lose.By submitting your information you agree to the terms of our Privacy Policy • Cancel Newsletter Any Time.This is a FREE service from Finacials Trend. Signing up for our FREE daily e-letter also entitles you to receive this report. We will NOT share your email address with anyone.