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) announced its quarterly earnings results on Thursday, May, 4th. The company reported ($0.02) earnings per share for the quarter, missing analysts' consensus estimates of ($0.01) by $0.01. The company earned $264 million during the quarter, compared to the consensus estimate of $254.67 million. Denbury Resources had a negative net margin of 72.85% and a positive return on equity of 2.49%. The business's revenue was up 35.5% on a year-over-year basis. During the same quarter last year, the company earned ($0.03) earnings per share. View Denbury Resources' Earnings History.

7 brokerages have issued 1-year price targets for Denbury Resources' stock. Their forecasts range from $1.00 to $5.00. On average, they expect Denbury Resources' stock price to reach $2.71 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’s total proved reserve – majority of which is oil – has been decreasing steadily over the last two years. Since 2014, estimated reserves fell over 40%, which is a matter of concern. Declining reserves raise questions over the company’s production capabilities which might hurt cashflow for shareholders. Moreover, Denbury’s cash balances have been on the decline since 2015, making the current low of $2 million as of Mar 31, 2017.  Long-term debt stands at almost $3 billion, signifying weak financials. Also, since the beginning of 2013, there has been a steady decline in cashflow from the company’s core operations. Weak businesses following persistently low oil and natural gas prices have compelled the company to suspend dividend payment since the beginning of the fourth quarter of 2015." (7/18/2017)
• 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 in June. As of June 30th, there was short interest totalling 78,691,256 shares, an increase of 15.0% from the June 15th total of 68,448,366 shares. Based on an average daily trading volume, of 8,110,490 shares, the days-to-cover ratio is currently 9.7 days. Currently, 20.0% of the company's stock are sold short.

Some companies that are related to Denbury Resources include Carrizo Oil & Gas (CRZO), Cairn Energy PLC (CNE), Unit Corporation (UNT), EP Energy Corporation (EPE), Eclipse Resources Corporation (ECR), Energy XXI Gulf Coast (EXXI), Baytex Energy Corp (BTE), Ophir Energy Plc (OPHR), Sanchez Energy Corporation (SN), Andes Energia PLC (AEN), Pengrowth Energy Corporation (PGH), SOCO International plc (SIA), Hurricane Energy PLC (HUR), Enquest Plc (ENQ), California Resources Corporation (CRC), Sound Energy PLC (SOU), Premier Oil PLC (PMO) and Genel Energy PLC (GENL).

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 Bank of Montreal Can (0.23%), Aperio Group LLC (0.06%), Creative Planning (0.04%), Louisiana State Employees Retirement System (0.04%), State of Alaska Department of Revenue (0.02%) and Capstone Asset Management Co. (0.02%). View Institutional Ownership Trends for Denbury Resources.

Denbury Resources' stock was sold by a variety of institutional investors in the last quarter, including Aperio Group LLC and Creative Planning. View Insider Buying and Selling for Denbury Resources.

Denbury Resources' stock was acquired by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue and Bank of Montreal Can. 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 $1.36.