Denbury Resources Company Profile (NYSE:DNR)

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

Denbury Resources Inc. (NYSE:DNR) released its quarterly earnings data on Tuesday, August, 8th. The company reported $0.00 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.02. The company earned $261.20 million during the quarter, compared to analysts' expectations of $248.66 million. Denbury Resources had a negative net margin of 35.24% and a negative return on equity of 1.94%. The firm's quarterly revenue was up 2.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.08 EPS. View Denbury Resources' Earnings History.

Denbury Resources is scheduled to release their next quarterly earnings announcement on Thursday, November, 2nd 2017. View Earnings Estimates for Denbury Resources.

9 equities research analysts have issued 1-year price targets for Denbury Resources' shares. Their forecasts range from $1.00 to $5.00. On average, they expect Denbury Resources' share price to reach $2.43 in the next twelve months. View Analyst Ratings for Denbury Resources.

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

• 1. According to Zacks Investment Research, "Denbury Resources executed several capital projects which drove it’s stronger than expected second-quarter results. Denbury acquired 23% non-operated working interest in Salt Creek Field in Wyoming from Linn Energy. With its unique profile, compelling economics and unmatched infrastructure, Denbury 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 production. 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. We are also concerned with the high debt load of Denbury as reflected that the upstream player’s debt to equity ratio is significantly higher than the broader industry." (8/14/2017)
• 2. UBS AG analysts commented, "Despite its debt reduction efforts, DNR remains burdened by high cost structure, elevated leverage, & restrictive covenants. At current strip, DNR is back to outspending cash flow and is at risk of breaching covenant in 2018. With net debt/EBITDX at nearly 10x, we expect DNR to dial back capex which would put its modest 2H17 growth trajectory in jeopardy. We are also concerned about the upcoming borrowing base redetermination in May ($301MM of the $1,050MM revolver is utilized) considering reduced production, cash flow, & proved reserve metrics. Over the long run, we see limited path for DNR to organically fix its balance sheet at prices below $65/Bbl & any deleveraging options, in our view, would involve material dilution to equity holders." (3/23/2017)
• 3. 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)

Denbury Resources saw a increase in short interest during the month of August. As of August 31st, there was short interest totalling 75,615,420 shares, an increase of 2.9% from the August 15th total of 73,516,289 shares. Based on an average daily trading volume, of 6,955,906 shares, the short-interest ratio is presently 10.9 days. Approximately 19.1% of the shares of the company are short sold.

Some companies that are related to Denbury Resources include EP Energy Corporation (EPE), Baytex Energy Corp (BTE), Eclipse Resources Corporation (ECR), Ophir Energy Plc (OPHR), Pengrowth Energy Corporation (PGH), Genel Energy PLC (GENL), California Resources Corporation (CRC), SOCO International plc (SIA), Sanchez Energy Corporation (SN), San Juan Basin Royalty Trust (SJT), W&T Offshore (WTI), Faroe Petroleum plc (FPM), Energy XXI Gulf Coast (EXXI), Hurricane Energy PLC (HUR), Sound Energy PLC (SOU), Premier Oil PLC (PMO), Bill Barrett Corporation (BBG) and Abraxas Petroleum Corporation (AXAS).

Denbury Resources' management team includes the folowing people:

• John P. Dielwart, Independent Chairman of the Board
• Christian S. Kendall, President, Chief Executive Officer and Chief Operating Officer
• Mark C. Allen, Chief Financial Officer, Senior Vice President, Treasurer, Assistant Secretary
• James S. Matthews, Senior Vice President, General Counsel, Secretary
• Alan Rhoades, Vice President, Chief Accounting Officer
• Steve McLaurin, Vice President, Chief Information Officer
• Dan E. Cole, Vice President – Commercial Development and Governmental Relations
• Matthew Dahan, Vice President – North Region Production Operations
• John Filiatrault, Vice President - CO2 Supply & Pipeline
• David Sheppard, Vice President - Wells, Projects and Gulf Coast Operations

Denbury Resources' stock is owned by many different of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (13.90%), Capital Research Global Investors (8.70%), State Street Corp (5.60%), FMR LLC (4.45%), JPMorgan Chase & Co. (3.11%) and Dimensional Fund Advisors LP (2.59%). View Institutional Ownership Trends for Denbury Resources.

Denbury Resources' stock was sold by a variety of institutional investors in the last quarter, including Vanguard Group Inc., Goldman Sachs Group Inc., Sprucegrove Investment Management Ltd., Marshall Wace North America L.P., Menta Capital LLC, Janus Henderson Group PLC, Capital Research Global Investors and Ameriprise Financial Inc.. View Insider Buying and Selling for Denbury Resources.

Denbury Resources' stock was purchased by a variety of institutional investors in the last quarter, including Schwab Charles Investment Management Inc., JPMorgan Chase & Co., Dimensional Fund Advisors LP, Cubist Systematic Strategies LLC, Nationwide Fund Advisors, State Street Corp, Northern Trust Corp and Federated Investors Inc. PA. View Insider Buying and Selling for Denbury Resources.

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.

One share of Denbury Resources stock can currently be purchased for approximately $1.20.