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Denbury Resources Inc Stock Upgraded (DNR)

NEW YORK ( TheStreet) -- Denbury Resources (NYSE: DNR) has been upgraded by TheStreet Ratings from hold to buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, robust revenue growth, expanding profit margins and good cash flow from operations. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.

Highlights from the ratings report include:

  • DENBURY RESOURCES INC reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past year. We feel that this trend should continue. During the past fiscal year, DENBURY RESOURCES INC turned its bottom line around by earning $0.76 versus -$0.30 in the prior year. This year, the market expects an improvement in earnings ($1.33 versus $0.76).
  • The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Oil, Gas & Consumable Fuels industry. The net income increased by 847.2% when compared to the same quarter one year prior, rising from $29.10 million to $275.67 million.
  • Despite its growing revenue, the company underperformed as compared with the industry average of 29.9%. Since the same quarter one year prior, revenues rose by 22.9%. Growth in the company's revenue appears to have helped boost the earnings per share.
  • The gross profit margin for DENBURY RESOURCES INC is rather high; currently it is at 64.40%. It has increased from the same quarter the previous year. Along with this, the net profit margin of 48.20% significantly outperformed against the industry average.
  • Net operating cash flow has significantly increased by 51.44% to $315.74 million when compared to the same quarter last year. In addition, DENBURY RESOURCES INC has also vastly surpassed the industry average cash flow growth rate of -9.68%.

Denbury Resources Inc. engages in the acquisition, exploitation, drilling, and extraction of oil and natural gas properties in the Gulf Coast region located in Mississippi, Texas, Louisiana, and Alabama. The company has a P/E ratio of 14.4, above the average energy industry P/E ratio of 14.2 and below the S&P 500 P/E ratio of 17.7. Denbury has a market cap of $7.17 billion and is part of the basic materials sector and energy industry. Shares are up 24.9% year to date as of the close of trading on Wednesday.

You can view the full Denbury Ratings Report or get investment ideas from our investment research center.

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