In the latest trading session, Denbury Resources closed at $3.33, marking a +0.3% move from the previous day. This change lagged the S&P 500's 1.29% gain on the day. Elsewhere, the Dow gained 1.55%, while the tech-heavy Nasdaq added 1.27%.
Wall Street will be looking for positivity from DNR as it approaches its next earnings report date. This is expected to be November 6, 2018. The company is expected to report EPS of $0.12, up 200% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $356.94 million, up 33.91% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $0.48 per share and revenue of $1.46 billion. These totals would mark changes of +242.86% and +29.2%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for DNR. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 1.72% lower. DNR is currently sporting a Zacks Rank of #3 (Hold).
Looking at its valuation, DNR is holding a Forward P/E ratio of 6.99. This represents a discount compared to its industry's average Forward P/E of 14.81.
The Oil and Gas - Exploration and Production - United States industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 24, which puts it in the top 9% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Denbury Resources (DNR) Gains But Lags Market: What You Should Know
In the latest trading session, Denbury Resources closed at $3.33, marking a +0.3% move from the previous day. This change lagged the S&P 500's 1.29% gain on the day. Elsewhere, the Dow gained 1.55%, while the tech-heavy Nasdaq added 1.27%.
Wall Street will be looking for positivity from DNR as it approaches its next earnings report date. This is expected to be November 6, 2018. The company is expected to report EPS of $0.12, up 200% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $356.94 million, up 33.91% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $0.48 per share and revenue of $1.46 billion. These totals would mark changes of +242.86% and +29.2%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for DNR. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 1.72% lower. DNR is currently sporting a Zacks Rank of #3 (Hold).
Looking at its valuation, DNR is holding a Forward P/E ratio of 6.99. This represents a discount compared to its industry's average Forward P/E of 14.81.
The Oil and Gas - Exploration and Production - United States industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 24, which puts it in the top 9% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.