Barclays Maintains an 'Overweight' on Denbury Resources (DNR); Estimate Housekeeping

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.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Barrick Mining said to delay IPO of American gold business to 2027
• DA Davidson Reiterates Buy Rating on CrowdStrike (CRWD) Ahead of User Conference
• RYET wins RMB5.99M YeeZo platform contract for 10 labs