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: Oil & Gas Exploration and Production - NEC
  • Sub-Industry: Oil & Gas Exploration & Production
  • Symbol: NYSE:DNR
  • CUSIP: 24791620
  • Web:
  • Market Cap: $541.74 million
  • Outstanding Shares: 389,397,000
Average Prices:
  • 50 Day Moving Avg: $1.47
  • 200 Day Moving Avg: $2.32
  • 52 Week Range: $1.27 - $4.29
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: 24.00
  • P/E Growth: 0.35
Sales & Book Value:
  • Annual Revenue: $1.04 billion
  • Price / Sales: 0.54
  • Book Value: $1.27 per share
  • Price / Book: 1.13
  • EBIDTA: $287.32 million
  • Net Margins: -72.85%
  • Return on Equity: 2.49%
  • Return on Assets: 0.36%
  • Debt-to-Equity Ratio: 5.99%
  • Current Ratio: 0.53%
  • Quick Ratio: 0.53%
  • Average Volume: 6.21 million shs.
  • Beta: 3.31
  • Short Ratio: 10.94
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) announced its earnings results on Thursday, May, 4th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by $0.01. The business had revenue of $264 million for the quarter, compared to analysts' expectations of $254.67 million. Denbury Resources had a negative net margin of 72.85% and a positive return on equity of 2.49%. The firm's quarterly revenue was up 35.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($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?

7 brokers have issued 12-month target prices for Denbury Resources' shares. Their predictions range from $1.00 to $5.00. On average, they anticipate Denbury Resources' share price to reach $2.71 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. 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)

Are investors shorting Denbury Resources?

Denbury Resources saw a drop in short interest in July. As of July 14th, there was short interest totalling 74,983,961 shares, a drop of 4.7% from the June 30th total of 78,691,256 shares. Based on an average daily trading volume, of 5,842,880 shares, the days-to-cover ratio is currently 12.8 days. Currently, 19.1% of the company's shares are short sold.

Who are some of Denbury Resources' key competitors?

Who are Denbury Resources' key executives?

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

Who owns Denbury Resources stock?

Denbury Resources' stock is owned by many different of institutional and retail investors. Top institutional shareholders include Bank of Montreal Can (0.23%), Aperio Group LLC (0.06%), Creative Planning (0.04%), Louisiana State Employees Retirement System (0.04%), Shell Asset Management Co. (0.03%) and Municipal Employees Retirement System of Michigan (0.02%). 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 Municipal Employees Retirement System of Michigan, Aperio Group LLC and Creative Planning. View Insider Buying and Selling for Denbury Resources.

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

Denbury Resources' stock was purchased 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.

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.

What is Denbury Resources' stock price today?

One share of Denbury Resources stock can currently be purchased for approximately $1.44.

MarketBeat Community Rating for Denbury Resources (NYSE DNR)
Community Ranking:  2.3 out of 5 ( )
Outperform Votes:  250 (Vote Outperform)
Underperform Votes:  304 (Vote Underperform)
Total Votes:  554
MarketBeat's community ratings are surveys of what our community members think about Denbury Resources and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for Denbury Resources (NYSE:DNR) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 3 Sell Ratings, 3 Hold Ratings, 1 Buy Rating
Consensus Rating:Hold (Score: 1.71)
Consensus Price Target: $2.71 (88.49% upside)

Analysts' Ratings History for Denbury Resources (NYSE:DNR)
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
7/14/2017Stifel NicolausReiterated RatingHold$2.50MediumView Rating Details
7/14/2017BMO Capital MarketsLower Price TargetNo Rating at Time$2.00 -> $1.00LowView Rating Details
6/2/2017Credit Suisse GroupReiterated RatingUnderperform$2.00LowView Rating Details
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
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
(Data available from 7/27/2015 forward)


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)


Earnings Estimates for Denbury Resources (NYSE:DNR)
2017 EPS Consensus Estimate: $0.12
2018 EPS Consensus Estimate: $0.47
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20173($0.02)$0.00($0.01)
Q2 20173($0.01)$0.00$0.00
Q3 20173$0.04$0.09$0.06
Q4 20172$0.04$0.11$0.08
Q1 20181$0.10$0.10$0.10
Q2 20181$0.12$0.12$0.12
Q3 20181$0.13$0.13$0.13
Q4 20181$0.12$0.12$0.12
(Data provided by Zacks Investment Research)


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
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for Denbury Resources (NYSE:DNR)
Insider Ownership Percentage: 1.20%
Institutional Ownership Percentage: 91.07%
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)


Headline Trends for Denbury Resources (NYSE:DNR)
Latest Headlines for Denbury Resources (NYSE:DNR)
DateHeadline logoSaudi Arabia Cutting Oil Exports: Which Stocks Could Gain? - July 25 at 6:13 PM logoIs it the Right Time to Get Rid of Denbury Resources (DNR)? - Nasdaq - July 19 at 7:04 PM logo$247.04 Million in Sales Expected for Denbury Resources Inc. (DNR) This Quarter - July 19 at 11:08 AM logoDenbury Resources Inc. (DNR) Given Consensus Rating of "Hold" by Brokerages - July 18 at 8:46 PM logoWill OPEC and Russia Announce Deeper Production Cuts? - July 17 at 6:53 PM logoDenbury Resources Inc. (DNR) Short Interest Up 15.0% in June - July 17 at 7:06 AM logoStifel Nicolaus Reaffirms Hold Rating for Denbury Resources Inc. (DNR) - July 15 at 12:28 PM logoBMO Capital Markets Lowers Denbury Resources Inc. (NYSE:DNR) Price Target to $1.00 - July 14 at 3:39 PM logoIs the US Capturing Crude Oil Market Share in China and India? - July 12 at 6:39 PM logoEvolution Petroleum's Stock Price Appreciation Is Over - Seeking Alpha - July 11 at 7:07 PM logoOPEC, Russia, and the US Could Pressure Crude Oil Futures - July 10 at 5:52 PM logoWhy Traders Are Tracking the API’s Crude Oil Inventories - July 5 at 6:38 PM logoHedge Funds’ Net Bullish Positions on US Crude Oil - July 5 at 6:38 PM logoLibya’s Crude Oil Production Is at a 4-Year High - July 5 at 12:52 AM logoHow Monthly US Crude Oil Production Has Supported Crude Prices - July 5 at 12:52 AM logoDenbury Resources (DNR) Presents At J.P. Morgan Energy Equity Investor Conference - Slideshow - June 27 at 5:02 PM logoIran’s Crude Oil Exports Could Impact Crude Oil Prices - June 27 at 5:02 PM logoDenbury Resources Inc. (DNR) Given Consensus Rating of "Hold" by Analysts - June 23 at 6:34 PM logoDenbury Resources Inc. (DNR) Expected to Announce Quarterly Sales of $255.18 Million - June 23 at 2:02 PM logoDenbury Resources to Present at JP Morgan Energy Equity Conference - GlobeNewswire (press release) - June 22 at 10:22 AM logoUS Crude Oil Inventories and Oversupply Concerns - June 21 at 6:09 PM logoChart in Focus: Stone Energy’s Lifting Costs - June 20 at 5:28 PM logoFed Raised the Interest Rate: Will It Pressure Crude Oil Prices? - June 19 at 1:44 PM logoRecent MUR News - June 17 at 10:06 PM logoDenbury Resources Inc. (DNR) Short Interest Update - June 16 at 8:21 AM logoAre Options Traders Betting on a Big Move in Denbury Resources (DNR) Stock? - Nasdaq - June 14 at 5:46 PM logoAre Options Traders Betting on a Big Move in Denbury Resources (DNR) Stock? - June 14 at 5:46 PM logoWeak Oil: Oil-Weighted Stocks That Are Losing - June 13 at 4:26 PM logoTechnical Research on Independent Oil & Gas Equities -- Denbury Resources, Cabot Oil & Gas, WPX Energy, and Murphy Oil - June 13 at 12:16 PM logoWhat Major Banks Forecast for US and Brent Crude Oil - June 13 at 12:16 PM logoWhy Is Denbury (DNR) Down 17.6% Since the Last Earnings Report? - Nasdaq - June 8 at 5:48 PM logoWhy Is Denbury (DNR) Down 17.6% Since the Last Earnings Report? - June 8 at 5:48 PM logoAnalyzing Denbury Resources’ Cash Flows - June 6 at 5:05 PM logoAnalyzing Denbury Resources’ Debt Situation - June 6 at 5:05 PM logoWhat Wall Street Analysts Are Saying about Denbury Resources - June 6 at 5:05 PM logoGulf Turmoil: Oil-Weighted Stocks That Should Be on Your Radar - June 6 at 5:05 PM logoDenbury Resources to Present at Energy Conferences - June 5 at 9:49 PM logoDenbury Resources to Present at Energy Conferences NYSE:DNR - GlobeNewswire (press release) - June 5 at 11:44 AM logoChart in Focus: Denbury Resources’ Operating Netback - June 5 at 11:43 AM logoDenbury Resources Inc. (DNR) Lowered to "Sell" at ValuEngine - June 4 at 7:56 PM logoDNR’s 1Q17 Crude Oil Price Realizations Underperformed WTI - June 2 at 8:57 PM logoUnderstanding Denbury Resources’ Hedging Losses - June 2 at 8:57 PM logoCredit Suisse Assumes Denbury Resources (DNR) at Underperform - - June 1 at 5:27 PM logoChart in Focus: Denbury Resources’ Oil and Gas Revenue Mix - June 1 at 5:27 PM logoETFs with exposure to Denbury Resources, Inc. : June 1, 2017 - June 1 at 5:27 PM logoAnalyzing Denbury Resources’ 1Q17 Revenue - May 31 at 9:50 PM logoAnalyzing Denbury Resources’ Recent Stock Performance - May 31 at 4:48 PM logoDenbury Resources Cut Its Losses by 23% in 1Q17 - May 31 at 4:48 PM logoDenbury Resources (DNR) to Acquire Interest in Rockies CO2 Flood for $71.5M - - May 31 at 11:05 AM logoDenbury Resources Inc. (DNR) Expected to Post Q2 2017 Earnings of $0.00 Per Share - May 31 at 7:24 AM



Denbury Resources (DNR) Chart for Thursday, July, 27, 2017

This page was last updated on 7/27/2017 by Staff