Denbury Resources Company Profile (NYSE:DNR)

About Denbury Resources (NYSE:DNR)

Denbury Resources logoDenbury Resources Inc. is an independent oil and natural gas company. The Company's operations are focused in two operating areas: the Gulf Coast and Rocky Mountain regions. Its properties with proved and producing reserves in the Gulf Coast region are situated in Mississippi, Texas, Louisiana and Alabama, and in the Rocky Mountain region are situated in Montana, North Dakota and Wyoming. It had an estimated proved oil and natural gas reserves of 254.5 million barrels of oil equivalent (MMBOE) as of December 31, 2016. Its primary Gulf Coast carbon dioxide (CO2) source is Jackson Dome, which is located near Jackson, Mississippi. Its mature group of properties includes the initial CO2 field, Little Creek, and other fields, including Brookhaven, Cranfield, Eucutta, Lockhart Crossing, Mallalieu and Soso fields. Its LaBarge Field is located in southwestern Wyoming. Its Riley Ridge Federal Unit is located in southwestern Wyoming and produces gas from the same LaBarge Field.

Industry, Sector and Symbol:
  • Sector: Oils/Energy
  • Industry: Independent Oil & Gas
  • Sub-Industry: Oil & Gas Exploration & Production
  • Symbol: NYSE:DNR
  • CUSIP: 24791620
  • Web: www.denbury.com
Capitalization:
  • Market Cap: $712.6 million
  • Outstanding Shares: 389,397,000
Average Prices:
  • 50 Day Moving Avg: $2.14
  • 200 Day Moving Avg: $2.95
  • 52 Week Range: $1.68 - $4.74
P/E:
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: 6.31
  • P/E Growth: 0.16
Sales & Book Value:
  • Annual Revenue: $1.04 billion
  • Price / Sales: 0.69
  • Book Value: $1.27 per share
  • Price / Book: 1.44
Profitability:
  • EBIDTA: $287.32 million
  • Net Margins: -151.55%
  • Return on Equity: 1.82%
  • Return on Assets: 0.35%
Debt:
  • Debt-to-Equity Ratio: 3.43%
  • Current Ratio: 0.40%
  • Quick Ratio: 0.40%
Misc:
  • Average Volume: 8.03 million shs.
  • Beta: 3.24
  • Short Ratio: 6.51
 

Frequently Asked Questions for Denbury Resources (NYSE:DNR)

What is Denbury Resources' stock symbol?

Denbury Resources trades on the New York Stock Exchange (NYSE) under the ticker symbol "DNR."

How were Denbury Resources' earnings last quarter?

Denbury Resources Inc. (NYSE:DNR) released its quarterly earnings data on Thursday, May, 4th. The company reported ($0.02) EPS for the quarter, missing analysts' consensus estimates of ($0.01) by $0.01. The firm had revenue of $264 million for the quarter, compared to analyst estimates of $254.67 million. Denbury Resources had a positive return on equity of 1.82% and a negative net margin of 151.55%. The company's quarterly revenue was up 35.5% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.03) earnings per share. View Denbury Resources' Earnings History.

Where is Denbury Resources' stock going? Where will Denbury Resources' stock price be in 2017?

6 analysts have issued 12-month price targets for Denbury Resources' shares. Their predictions range from $2.50 to $5.00. On average, they anticipate Denbury Resources' stock price to reach $3.38 in the next year. View Analyst Ratings for Denbury Resources.

What are analysts saying about Denbury Resources stock?

Here are some recent quotes from research analysts about Denbury Resources stock:

  • 1. KLR Group analysts commented, "Our $5 target price is unchanged following numerous model refinements, including a reduction in our '17/'18 capex assumptions and ~5% higher operating expenses offset by a ~5% improvement in capital productivity and higher oil price realizations. Our target price is anchored on a mid-cycle $80 oil and $4 natural gas price deck. DNR production is ~96% oil (a $10 increase in oil prices would increase EBITDA generation by ~$200 mm) and the company generates an '19 capital yield (cash recycle ratio) of ~140% vs. the group median of ~145%." (3/15/2017)
  • 2. According to Zacks Investment Research, "With its unique profile, compelling economics and unmatched infrastructure, Denbury Resources is well positioned to deliver long-term sustainable growth.  We appreciate the company’s cost-reduction initiatives and it has also raised its guidance for 2017 capital spending from the last year. Moreover, Denbury’s niche, highly specialized strategy to increase oil recovery from mature depleted oil fields through tertiary CO2 flooding will help it grow in the future.   However, Denbury Resources’ price has underperformed the broader market indices, over the last three months. Currently, Denbury remains focused on increasing liquidity rather than reducing debt, which is a major challenge for the company amid the fall in oil price. Moreover, we remain skeptical about high cost levels associated with the tertiary oil recovery method and harsh weather conditions that may restrict the activity level." (3/8/2017)

Are investors shorting Denbury Resources?

Denbury Resources saw a increase in short interest in the month of April. As of April 28th, there was short interest totalling 72,248,300 shares, an increase of 5.1% from the April 13th total of 68,734,689 shares. Based on an average daily trading volume, of 5,178,952 shares, the short-interest ratio is presently 14.0 days. Currently, 18.4% of the company's shares are short sold.

Who are some of Denbury Resources' key competitors?

Who owns Denbury Resources stock?

Denbury Resources' stock is owned by many different of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (14.53%), BlackRock Inc. (12.20%), State Street Corp (5.51%), FMR LLC (4.46%), JPMorgan Chase & Co. (2.50%) and Dimensional Fund Advisors LP (2.19%). View Institutional Ownership Trends for Denbury Resources.

Who sold Denbury Resources stock? Who is selling Denbury Resources stock?

Denbury Resources' stock was sold by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., Morgan Stanley, Old Mutual Global Investors UK Ltd., UBS Group AG, Sprucegrove Investment Management Ltd., California Public Employees Retirement System, State Street Corp and Nationwide Fund Advisors. View Insider Buying and Selling for Denbury Resources.

Who bought Denbury Resources stock? Who is buying Denbury Resources stock?

Denbury Resources' stock was bought by a variety of institutional investors in the last quarter, including BlackRock Inc., Vanguard Group Inc., Dimensional Fund Advisors LP, Nomura Holdings Inc., Ameriprise Financial Inc., Henderson Group PLC, Principal Financial Group Inc. and Menta Capital LLC. View Insider Buying and Selling for Denbury Resources.

How do I buy Denbury Resources stock?

Shares of Denbury Resources can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

How much does a share of Denbury Resources stock cost?

One share of Denbury Resources stock can currently be purchased for approximately $1.83.

Analyst Ratings

Consensus Ratings for Denbury Resources (NYSE:DNR) (?)
Ratings Breakdown: 2 Sell Ratings, 3 Hold Ratings, 1 Buy Rating
Consensus Rating:Hold (Score: 1.83)
Consensus Price Target: $3.38 (84.43% upside)

Analysts' Ratings History for Denbury Resources (NYSE:DNR)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
3/15/2017KLR GroupReiterated RatingBuy$5.00MediumView Rating Details
11/7/2016NomuraReiterated RatingSell$3.00N/AView Rating Details
10/18/2016Johnson RiceReiterated RatingHoldN/AView Rating Details
10/5/2016MizuhoInitiated CoverageNeutral$3.00N/AView Rating Details
8/10/2016Barclays PLCDowngradeEqual Weight -> Underweight$3.00 -> $2.50N/AView Rating Details
6/15/2016Stifel NicolausUpgradeSell -> HoldN/AView Rating Details
4/26/2016KeyCorpInitiated CoverageOverweight -> Sector WeightN/AView Rating Details
2/22/2016Royal Bank of CanadaLower Price TargetSector Perform$2.50 -> $1.50N/AView Rating Details
1/11/2016Cowen and CompanyUpgradeUnderperform -> Market Perform$2.00N/AView Rating Details
10/21/2015SunTrust Banks, Inc.Lower Price TargetNeutral$8.00 -> $4.00N/AView Rating Details
10/7/2015BMO Capital MarketsLower Price Target$6.00 -> $5.00N/AView Rating Details
9/8/2015Credit Suisse Group AGDowngradeNeutral -> UnderperformN/AView Rating Details
(Data available from 5/24/2015 forward)

Earnings

Earnings History for Denbury Resources (NYSE:DNR)
Earnings by Quarter for Denbury Resources (NYSE:DNR)
Earnings History by Quarter for Denbury Resources (NYSE:DNR)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
5/4/2017Q1 2017($0.01)($0.02)$254.67 million$264.00 millionViewListenView Earnings Details
2/23/2017Q416($0.03)($0.02)$236.02 million$271.62 millionViewN/AView Earnings Details
8/4/2016Q216$0.02$0.08$285.70 million$255.15 millionViewN/AView Earnings Details
5/5/2016Q116($0.07)($0.03)$274.69 million$194.80 millionViewN/AView Earnings Details
2/18/2016Q415$0.01($0.01)$335.38 million$269.60 millionViewListenView Earnings Details
11/5/2015Q315$0.14$0.18$387.23 million$303.60 millionViewN/AView Earnings Details
8/5/2015Q215$0.11$0.13$464.45 million$374.00 millionViewN/AView Earnings Details
5/6/2015Q115$0.07$0.07$440.40 million$304.00 millionViewN/AView Earnings Details
2/19/2015Q414$0.23$0.27$565.73 million$480.00 millionViewN/AView Earnings Details
11/5/2014Q314$0.26$0.26$627.90 million$637.66 millionViewListenView Earnings Details
8/6/2014Q2$0.27$0.26$628.06 million$669.00 millionViewListenView Earnings Details
5/6/2014Q114$0.25$0.25$605.54 million$635.00 millionViewListenView Earnings Details
2/20/2014Q413$0.31$0.27$617.02 million$596.00 millionViewListenView Earnings Details
11/5/2013Q313$0.39$0.45$646.70 million$674.00 millionViewListenView Earnings Details
8/6/2013Q2 2013$0.34$0.41$637.51 million$645.00 millionViewListenView Earnings Details
5/2/2013Q1 2013$0.29$0.33$532.14 million$583.10 millionViewListenView Earnings Details
2/21/2013Q4 2012$0.29$0.36$573.80 million$609.20 millionViewListenView Earnings Details
11/6/2012Q312$0.32$0.33$612.42 million$600.40 millionViewN/AView Earnings Details
8/2/2012$0.34$0.35ViewN/AView Earnings Details
5/3/2012$0.37$0.41ViewN/AView Earnings Details
2/23/2012$0.32$0.45ViewN/AView Earnings Details
11/3/2011$0.29$0.37ViewN/AView Earnings Details
8/4/2011$0.33$0.37ViewN/AView Earnings Details
5/5/2011$0.27$0.26ViewN/AView Earnings Details
2/23/2011$0.19$0.22ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Denbury Resources (NYSE:DNR)
2017 EPS Consensus Estimate: $0.11
2018 EPS Consensus Estimate: $0.44
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20173($0.02)$0.00($0.01)
Q2 20173($0.01)$0.01$0.00
Q3 20172$0.04$0.08$0.06
Q4 20172$0.04$0.09$0.07
Q1 20181$0.09$0.09$0.09
Q2 20181$0.11$0.11$0.11
Q3 20181$0.12$0.12$0.12
Q4 20181$0.12$0.12$0.12
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for Denbury Resources (NYSE:DNR)
Most Recent Dividend:9/29/2015
Dividend Yield:0.00%
Dividend Growth:0.00% (3 Year Average)
Payout Ratio:0.00% (Trailing 12 Months of Earnings)
0.00% (Based on This Year's Estimates)
0.00% (Based on Next Year's Estimates)
Dividend Payments by Quarter for Denbury Resources (NYSE:DNR)

Dividend History by Quarter for Denbury Resources (NYSE:DNR)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
7/28/2015quarterly$0.066.04%8/21/20158/25/20159/29/2015
4/28/2015quarterly$0.062.84%5/21/20155/26/20156/30/2015
1/27/2015quarterly$0.063.86%2/20/20152/24/20153/31/2015
10/28/2014quarterly$0.061.98%11/21/201411/25/201412/30/2014
7/29/2014quarterly$0.061.45%8/22/20148/26/20149/30/2014
4/29/2014quarterly$0.061.49%5/22/20145/27/20146/24/2014
1/29/2014special$0.062/21/20142/25/20143/25/2014
1/28/2014quarterly$0.062/21/20142/25/20143/25/2014
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for Denbury Resources (NYSE:DNR)
Insider Ownership Percentage: 0.86%
Institutional Ownership Percentage: 89.52%
Insider Trades by Quarter for Denbury Resources (NYSE:DNR)
Institutional Ownership by Quarter for Denbury Resources (NYSE:DNR)
Insider Trades by Quarter for Denbury Resources (NYSE:DNR)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
3/27/2017Greg McmichaelDirectorSell16,000$2.23$35,680.00View SEC Filing  
8/15/2016Greg McmichaelDirectorSell10,000$3.13$31,300.00View SEC Filing  
9/12/2014James S MatthewsSVPSell6,000$15.99$95,940.00View SEC Filing  
6/30/2014Ronald G GreeneDirectorSell50,000$18.45$922,500.00View SEC Filing  
6/27/2014Ronald G GreeneDirectorSell25,000$18.50$462,500.00View SEC Filing  
6/25/2014Ronald G GreeneDirectorSell75,000$18.33$1,374,750.00View SEC Filing  
6/20/2014Greg McmichaelDirectorSell12,000$18.37$220,440.00View SEC Filing  
6/16/2014Mark C AllenCFOSell25,708$17.95$461,458.60View SEC Filing  
5/30/2014Alan RhoadesCAOSell10,000$16.88$168,800.00View SEC Filing  
5/21/2014James MatthewsVPSell5,000$16.80$84,000.00View SEC Filing  
5/12/2014Charles GibsonSVPSell15,000$17.11$256,650.00View SEC Filing  
3/24/2014James MatthewsVPSell2,000$16.20$32,400.00View SEC Filing  
8/8/2013James MatthewsVPSell6,291$17.22$108,331.02View SEC Filing  
3/22/2013Ronald G GreeneDirectorSell20,000$18.63$372,600.00View SEC Filing  
12/31/2012Kenneth Craig McphersonCOOBuy1,222$16.12$19,698.64View SEC Filing  
12/31/2012Mark C AllenCFOBuy1,149$16.12$18,521.88View SEC Filing  
12/31/2012Phil RykhoekCEOBuy1,694$16.12$27,307.28View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for Denbury Resources (NYSE:DNR)
Latest Headlines for Denbury Resources (NYSE:DNR)
Source:
DateHeadline
finance.yahoo.com logoAPI’s Crude Oil Inventories: Boon or Bane for Oil Prices?
finance.yahoo.com - May 23 at 12:25 PM
finance.yahoo.com logoETFs with exposure to Denbury Resources, Inc. : May 22, 2017
finance.yahoo.com - May 22 at 4:32 PM
americanbankingnews.com logoDenbury Resources Inc. (DNR) Short Interest Up 5.1% in April
www.americanbankingnews.com - May 14 at 8:45 AM
finance.yahoo.com logoETFs with exposure to Denbury Resources, Inc. : May 11, 2017
finance.yahoo.com - May 11 at 5:24 PM
seekingalpha.com logoDenbury Resources Returns To Profitability As Cash Flow Dries Up - Seeking Alpha
seekingalpha.com - May 10 at 6:04 AM
finance.yahoo.com logoAre Options Traders Betting on a Big Move in Denbury (DNR) Stock?
finance.yahoo.com - May 9 at 4:46 PM
finance.yahoo.com logoDenbury Resources, Inc. :DNR-US: Earnings Analysis: Q1, 2017 By the Numbers : May 9, 2017
finance.yahoo.com - May 9 at 4:46 PM
americanbankingnews.com logoDenbury Resources Inc. Forecasted to Post FY2017 Earnings of $0.05 Per Share (DNR)
www.americanbankingnews.com - May 8 at 10:20 AM
zacks.com logoDenbury (DNR) Q1 Loss Wider Than Expected, Revenues Beat
www.zacks.com - May 8 at 9:24 AM
americanbankingnews.com logoBrokerages Set Denbury Resources Inc. (DNR) Price Target at $3.38
www.americanbankingnews.com - May 5 at 11:20 PM
americanbankingnews.com logoDenbury Resources Inc. (DNR) Releases Earnings Results, Misses Expectations By $0.01 EPS
www.americanbankingnews.com - May 5 at 10:46 PM
americanbankingnews.com logoDenbury Resources Inc. (DNR) Issues Quarterly Earnings Results
www.americanbankingnews.com - May 5 at 10:22 PM
finance.yahoo.com logoEdited Transcript of DNR earnings conference call or presentation 4-May-17 3:00pm GMT
finance.yahoo.com - May 5 at 2:57 AM
americanbankingnews.com logoDenbury Resources Inc. (DNR) Announces Quarterly Earnings Results
www.americanbankingnews.com - May 5 at 12:00 AM
americanbankingnews.com logoSomewhat Critical News Coverage Very Likely to Affect Denbury Resources (DNR) Share Price
www.americanbankingnews.com - May 4 at 6:32 PM
seekingalpha.com logoDenbury Resources (DNR) Q1 2017 Results - Earnings Call Transcript
seekingalpha.com - May 4 at 4:56 PM
finance.yahoo.com logoUS Crude Oil and Gasoline Futures Moved Together
finance.yahoo.com - May 4 at 4:56 PM
finance.yahoo.com logoLackluster Earnings Cause Denbury Resources Inc.'s Stock to Plummet Today
finance.yahoo.com - May 4 at 4:56 PM
fool.com logoLackluster Earnings Cause Denbury Resources Inc.'s Stock to Plummet Today
www.fool.com - May 4 at 1:09 PM
rttnews.com logoEARNINGS SUMMARY: Details of Denbury Resources Inc. Q1 Earnings Report
www.rttnews.com - May 4 at 8:57 AM
finance.yahoo.com logoDenbury Reports First Quarter 2017 Results; Announces Reaffirmation of Borrowing Base and Amendment to Credit Facility
finance.yahoo.com - May 4 at 8:57 AM
marketbeat.com logoDenbury Resources misses 1Q profit forecasts
marketbeat.com - May 4 at 6:48 AM
americanbankingnews.com logoDenbury Resources Inc. (DNR) Expected to Post Earnings of -$0.01 Per Share
www.americanbankingnews.com - May 3 at 9:33 AM
americanbankingnews.com logoDenbury Resources Inc. (DNR) Given Consensus Recommendation of "Hold" by Brokerages
www.americanbankingnews.com - May 2 at 6:16 PM
americanbankingnews.com logoDenbury Resources (DNR) Getting Somewhat Positive Press Coverage, Study Shows
www.americanbankingnews.com - April 27 at 10:52 PM
americanbankingnews.com logoDenbury Resources Inc. (DNR) Expected to Post Q1 2017 Earnings of $0.00 Per Share
www.americanbankingnews.com - April 26 at 9:09 AM
americanbankingnews.com logoDenbury Resources (DNR) Receiving Somewhat Favorable Media Coverage, Study Shows
www.americanbankingnews.com - April 22 at 9:35 AM
americanbankingnews.com logoBrokers Issue Forecasts for Denbury Resources Inc.'s Q1 2017 Earnings (DNR)
www.americanbankingnews.com - April 21 at 8:33 AM
finance.yahoo.com logoUS Crude Oil Production Hit a 20-Month High
finance.yahoo.com - April 20 at 4:55 PM
finance.yahoo.com logoDenbury Announces Release Date for First Quarter 2017 Results and Conference Call
finance.yahoo.com - April 20 at 4:55 PM
americanbankingnews.com logoKeyCorp Comments on Denbury Resources Inc.'s Q2 2017 Earnings (DNR)
www.americanbankingnews.com - April 20 at 10:51 AM
americanbankingnews.com logoDenbury Resources (DNR) Receiving Somewhat Favorable News Coverage, Analysis Shows
www.americanbankingnews.com - April 19 at 11:29 AM
finance.yahoo.com logoThese Oil-Weighted Stocks Could Outperform Oil
finance.yahoo.com - April 18 at 12:01 PM
americanbankingnews.com logoSomewhat Negative News Coverage Extremely Likely to Impact Denbury Resources (DNR) Share Price
www.americanbankingnews.com - April 13 at 2:18 PM
finance.yahoo.com logoCrude Oil Futures Could Break $55 per Barrel
finance.yahoo.com - April 12 at 10:25 AM
americanbankingnews.com logoZacks: Brokerages Anticipate Denbury Resources Inc. (DNR) to Post -$0.01 Earnings Per Share
www.americanbankingnews.com - April 12 at 12:20 AM
finance.yahoo.com logo[$$] Stretched Leverage
finance.yahoo.com - April 10 at 11:52 AM
finance.yahoo.com logoOil-Weighted Stocks Reacted to the Recent Jump in Oil
finance.yahoo.com - April 7 at 9:26 AM
finance.yahoo.com logoRecord Inventories at Cushing Could Pressure Crude Oil Prices
finance.yahoo.com - April 7 at 9:26 AM
americanbankingnews.com logoDenbury Resources Inc. (DNR) Director Greg Mcmichael Sells 16,000 Shares
www.americanbankingnews.com - March 28 at 7:24 PM
nasdaq.com logoWhy Is Denbury (DNR) Down 18.6% Since the Last Earnings Report ... - Nasdaq
www.nasdaq.com - March 27 at 4:37 PM
biz.yahoo.com logoDENBURY RESOURCES INC Files SEC form 8-K, Change in Directors or Principal Officers, Financial Statements and Exhibit
biz.yahoo.com - March 27 at 4:37 PM
finance.yahoo.com logoWhy Is Denbury (DNR) Down 18.6% Since the Last Earnings Report?
finance.yahoo.com - March 27 at 12:08 PM
americanbankingnews.com logoAnalysts Set Expectations for Denbury Resources Inc.'s Q4 2017 Earnings (DNR)
www.americanbankingnews.com - March 22 at 10:22 AM
finanznachrichten.de logoDenbury Resources CEO Phil Rykhoek To Retire
www.finanznachrichten.de - March 21 at 10:04 PM
finance.yahoo.com logoDenbury Announces Management Transition Plan
finance.yahoo.com - March 21 at 5:02 PM
marketwatch.com logoDenbury Resources' CEO Rykhoek to retire, COO Kendall to take reins
www.marketwatch.com - March 21 at 5:02 PM
americanbankingnews.com logoKeyCorp Analysts Cut Earnings Estimates for Denbury Resources Inc. (DNR)
www.americanbankingnews.com - March 21 at 11:49 AM
americanbankingnews.com logoDenbury Resources Inc. (DNR) Given Buy Rating at KLR Group
www.americanbankingnews.com - March 21 at 9:10 AM
bizjournals.com logoOil field worker killed in accident in Brazoria County
www.bizjournals.com - March 14 at 6:02 PM

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Chart

Denbury Resources (DNR) Chart for Wednesday, May, 24, 2017

This page was last updated on 5/24/2017 by MarketBeat.com Staff