Barclays Maintains an 'Overweight' on Denbury Resources (DNR); Estimate Housekeeping
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Price: $18.36 -1.87%
Rating Summary:
9 Buy, 4 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 11 | Down: 16 | New: 13
Rating Summary:
9 Buy, 4 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 11 | Down: 16 | New: 13
Trade DNR Now!
Barclays maintains an 'Overweight' on Denbury Resources (NYSE: DNR), PT $32.
Barclays analyst says, "We are revising our 2011 and 2012 earnings estimates to properly account for DNR's previous equity stake in Encore Energy Partners (NYSE: ENP), which it sold in 2010...Our cash flow estimates and price target are unchanged. We are revising our 2011 EPS estimate to $1.30 from $0.90 and our 2012 EPS estimate to $1.65 from $1.60. We are raising our 1Q11 EPS estimate to $0.25 from $0.14."
For more ratings news on Denbury Resources click here and for the rating history of Denbury Resources click here.
Shares of Denbury Resources closed at $24.62 yesterday, with a 52 week range of $14.02-$26.03.
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Barclays analyst says, "We are revising our 2011 and 2012 earnings estimates to properly account for DNR's previous equity stake in Encore Energy Partners (NYSE: ENP), which it sold in 2010...Our cash flow estimates and price target are unchanged. We are revising our 2011 EPS estimate to $1.30 from $0.90 and our 2012 EPS estimate to $1.65 from $1.60. We are raising our 1Q11 EPS estimate to $0.25 from $0.14."
For more ratings news on Denbury Resources click here and for the rating history of Denbury Resources click here.
Shares of Denbury Resources closed at $24.62 yesterday, with a 52 week range of $14.02-$26.03.
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