Denbury Resources (DNR) Stock Falls After Posting Third Quarter Loss

Denbury Resources (DNR) shares are declining after the company missed analysts' 2015 third quarter earnings and revenue expectations.
By Tony Owusu ,

NEW YORK (TheStreet) -- Shares of Denbury Resources (DNR) - Get Report are down by 1.51% to $3.91 on Thursday morning, after the company reported a 2015 third quarter net loss today before the opening bell.

The independent oil and gas company reported a third quarter net loss of $2.24 billion, after reporting a profit in the year ago period, or adjusted earnings of 18 cents per share.

Analysts on average were expecting the company to report earnings of 14 cents per share.

Revenue of $303.6 million also widely missed analysts' consensus $454 million expectations.

Separately, TheStreet Ratings team rates DENBURY RESOURCES INC as a Sell with a ratings score of D+. TheStreet Ratings Team has this to say about their recommendation:

We rate DENBURY RESOURCES INC (DNR) a SELL. This is driven by several weaknesses, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, weak operating cash flow, generally high debt management risk and generally disappointing historical performance in the stock itself.

DNR

data by

YCharts

Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of Jim Cramer, TheStreet or any of its contributors.

Loading ...