Denbury Resources Inc. is a oil and gas company that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.
These positive earnings estimate revisions suggest that analysts are becoming more optimistic on DNR’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Denbury Resources could be a solid choice for investors.
Current Quarter Estimates for DNR
In the past 30 days, one estimate have gone higher for Denbury Resources while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing 10 cents a share 30 days ago, to 11 cents today, a move of 10%.
Current Year Estimates for DNR
Meanwhile, Denbury Resources’ current year figures are also looking quite promising, with one estimate moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, increasing from 41 cents a share 30 days ago, to 44 cents today, an increase of 7.3%.
Denbury Resources Inc. Price and Consensus
Bottom Line
The stock has also started to move higher lately, adding 8.9% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #3 (Hold) stock to profit in the near future. You can see the complete list of today’s Zacks #1 Rank stocks here.
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Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.
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Can Denbury Resources (DNR) Run Higher on Strong Earnings Estimate Revisions?
Denbury Resources Inc. is a oil and gas company that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.
These positive earnings estimate revisions suggest that analysts are becoming more optimistic on DNR’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Denbury Resources could be a solid choice for investors.
Current Quarter Estimates for DNR
In the past 30 days, one estimate have gone higher for Denbury Resources while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing 10 cents a share 30 days ago, to 11 cents today, a move of 10%.
Current Year Estimates for DNR
Meanwhile, Denbury Resources’ current year figures are also looking quite promising, with one estimate moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, increasing from 41 cents a share 30 days ago, to 44 cents today, an increase of 7.3%.
Denbury Resources Inc. Price and Consensus
Denbury Resources Inc. Price and Consensus | Denbury Resources Inc. Quote
Bottom Line
The stock has also started to move higher lately, adding 8.9% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #3 (Hold) stock to profit in the near future. You can see the complete list of today’s Zacks #1 Rank stocks here.
Wall Street’s Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.
Click for details >>