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
  • Sub-Industry: Oil & Gas Exploration & Production
  • Symbol: NYSE:DNR
  • CUSIP: 24791620
  • Web:
  • Market Cap: $495.18 million
  • Outstanding Shares: 389,903,000
Average Prices:
  • 50 Day Moving Avg: $1.20
  • 200 Day Moving Avg: $1.72
  • 52 Week Range: $0.91 - $4.29
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: 14.11
  • P/E Growth: 0.64
Sales & Book Value:
  • Annual Revenue: $1.04 billion
  • Price / Sales: 0.48
  • Book Value: $1.32 per share
  • Price / Book: 0.96
  • EBIDTA: $384.51 million
  • Net Margins: -35.24%
  • Return on Equity: -1.94%
  • Return on Assets: -0.25%
  • Debt-to-Equity Ratio: 5.95%
  • Current Ratio: 0.57%
  • Quick Ratio: 0.57%
  • Average Volume: 6.39 million shs.
  • Beta: 3.34
  • 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) issued its quarterly earnings results on Tuesday, August, 8th. The company reported $0.00 EPS for the quarter, topping the consensus estimate of ($0.02) by $0.02. The firm had revenue of $261.20 million for 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%. Denbury Resources's revenue for the quarter was up 2.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.08 earnings per share. View Denbury Resources' Earnings History.

When will Denbury Resources make its next earnings announcement?

Denbury Resources is scheduled to release their next quarterly earnings announcement on Wednesday, November, 1st 2017. View Earnings Estimates for Denbury Resources.

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

9 equities research analysts have issued 12-month price targets for Denbury Resources' shares. Their forecasts range from $1.00 to $5.00. On average, they anticipate Denbury Resources' share price to reach $2.43 in the next twelve months. 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 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)

Are investors shorting Denbury Resources?

Denbury Resources saw a increase in short interest in 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 trading volume of 6,955,906 shares, the short-interest ratio is currently 10.9 days. Approximately 19.1% of the company's stock 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 a variety of of retail and institutional investors. Top institutional shareholders 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.

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 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.

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

Denbury Resources' stock was acquired 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.

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 $1.27.

MarketBeat Community Rating for Denbury Resources (NYSE DNR)
Community Ranking:  2.2 out of 5 (star star)
Outperform Votes:  277 (Vote Outperform)
Underperform Votes:  346 (Vote Underperform)
Total Votes:  623
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: 2 Sell Ratings, 6 Hold Ratings, 1 Buy Rating
Consensus Rating:Hold (Score: 1.89)
Consensus Price Target: $2.43 (91.23% upside)

Analysts' Ratings History for Denbury Resources (NYSE:DNR)
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
9/6/2017KeyCorpReiterated RatingHoldMediumView Rating Details
9/1/2017BMO Capital MarketsReiterated RatingHold$1.00N/AView Rating Details
8/25/2017Royal Bank Of CanadaSet Price TargetHold$2.00LowView Rating Details
8/18/2017Stifel NicolausSet Price TargetHold -> Hold$2.50 -> $1.00HighView 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
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 9/20/2015 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
11/1/2017$0.01N/AView Earnings Details
8/8/2017Q2 2017($0.02)$0.00$248.66 million$261.20 millionViewListenView Earnings Details
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: $0.03
2018 EPS Consensus Estimate: $0.12
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20173($0.02)$0.00($0.01)
Q2 20173($0.01)$0.00$0.00
Q3 20173$0.01$0.04$0.03
Q4 20173($0.02)$0.04$0.02
Q1 20181$0.01$0.01$0.01
Q2 20181$0.03$0.03$0.03
Q3 20181$0.03$0.03$0.03
Q4 20181$0.05$0.05$0.05
(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: 86.44%
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 logoDenbury Resources, Inc. breached its 50 day moving average in a Bearish Manner : DNR-US : September 20, 2017 - September 20 at 6:50 PM logoUS Crude Oil above $50: Which Oil-Weighted Stocks Could Benefit? - September 19 at 6:00 PM logoWill US Crude Oil Futures Break $50 per Barrel? - September 18 at 8:23 PM logoWhy These Upstream Companies Might Struggle to Pay their Debt - September 14 at 3:46 PM logoDenbury Resources Inc. (DNR) Expected to Announce Quarterly Sales of $257.87 Million - September 14 at 1:10 AM logoHow These Oil and Gas Stocks are Performing? -- Denbury Resources, Devon ... - September 13 at 7:19 PM logoWill Saudi Arabia Extend the Output Cut Deal? - September 13 at 4:48 AM logoFY2017 Earnings Estimate for Denbury Resources Inc. (DNR) Issued By Capital One Financial Corporation - September 11 at 3:54 AM logoDenbury Restarts 90% Production as Harvey Makes an Exit - Nasdaq - September 7 at 6:03 PM logoDenbury Restarts 90% Production as Harvey Makes an Exit - September 7 at 6:03 PM logoDenbury Resources Inc. (DNR) Given Average Rating of "Hold" by Brokerages - September 6 at 9:04 PM logoDenbury Resources (DNR) & Energy XXI Gulf Coast (EXXI) Head to Head Analysis - September 6 at 6:26 PM logoDenbury Resources: Flooding Effects Will Continue - Seeking Alpha - September 6 at 5:56 PM logoDenbury Resources Restores 90% of Production Impacted by Tropical Storm Harvey - GlobeNewswire (press release) - September 6 at 5:56 PM logoDenbury Resources Restores 90% of Production Impacted by Tropical Storm Harvey - September 6 at 5:56 PM logoDenbury Resources to Present at Barclays CEO Energy-Power Conference - GlobeNewswire (press release) - September 2 at 5:16 PM logoDenbury Resources Inc. (DNR) Receives "Hold" Rating from BMO Capital Markets - September 2 at 10:10 AM logoDenbury Resources to Present at Barclays CEO Energy-Power Conference - September 1 at 6:16 PM logoDenbury Resources to Present at Barclays CEO Energy-Power Conference - September 1 at 7:32 AM logoQ3 2017 EPS Estimates for Denbury Resources Inc. Lifted by Analyst (DNR) - September 1 at 6:58 AM logoDenbury Suspends Operations in Houston due to Storm Harvey - Yahoo News - August 30 at 4:26 AM logoDenbury Suspends Operations in Houston due to Storm Harvey - August 29 at 11:25 PM logoDenbury Resources (DNR) Suspends Operations & Temporarily Shut-In All Houston Area Production Due to Tropical Storm Harvey - August 28 at 5:47 PM logoDenbury Resources Reports Operational Impacts Associated With Tropical Storm Harvey - GlobeNewswire (press release) - August 28 at 5:47 PM logoDenbury Resources Reports Operational Impacts Associated With Tropical Storm Harvey - August 28 at 5:47 PM logoDenbury Resources Reports Operational Impacts Associated With Tropical Storm Harvey - August 28 at 5:47 PM logoDenbury Resources Inc. (DNR) Stock Rating Lowered by BidaskClub - August 27 at 7:58 PM logo Analysts Expect Denbury Resources Inc. (DNR) Will Post Quarterly Sales of $260.12 Million - August 27 at 6:38 AM logoETFs with exposure to Denbury Resources, Inc. : August 25, 2017 - August 25 at 7:32 PM logoGameStop, Ulta Plunge into Friday’s 52-Week Low Club - August 25 at 5:38 PM logoDenbury Resources' (DNR) "Hold" Rating Reaffirmed at Royal Bank Of Canada - August 25 at 5:20 PM logo-$0.01 Earnings Per Share Expected for Denbury Resources Inc. (DNR) This Quarter - August 25 at 1:00 PM logoWill Libya’s Crude Oil Production Rise in August 2017? - August 24 at 6:56 PM logo3 Beaten-Up Cheap Stocks: Are They Bargains? - August 22 at 6:19 AM logoDenbury Resources Inc. (DNR) Downgraded to "Sell" at BidaskClub - August 20 at 1:54 PM logoDenbury Resources Inc. (DNR) PT Set at $1.00 by Stifel Nicolaus - August 18 at 3:52 PM logoDenbury Resources Lowers Workforce at Texas Headquarters - Nasdaq - August 18 at 12:14 AM logoLayoffs Give Shareholders Hope Of Denbury Survival - Seeking Alpha - August 18 at 12:14 AM logoDenbury Resources cut 15% of its workforce last week - MarketWatch - August 17 at 4:30 AM logoDenbury Resources cut 15% of its workforce last week - August 16 at 6:22 PM logoDenbury Resources, Inc. :DNR-US: Earnings Analysis: Q2, 2017 By the Numbers : August 16, 2017 - August 16 at 6:22 PM logoDenbury Resources (DNR) Presents At EnerCom Oil & Gas Conference - Slideshow - August 15 at 6:41 PM logoDenbury Resources Inc. (DNR) Upgraded by Zacks Investment Research to "Hold" - August 14 at 3:14 PM logoDenbury Resources Inc. (NYSE:DNR) Given Consensus Rating of "Hold" by Analysts - August 12 at 8:58 PM logoDenbury Resources’ Profit Fell 97% Year-over-Year in 2Q17 - August 11 at 6:27 PM logoAnalyzing Denbury Resources’ 2Q17 Revenues - August 11 at 6:27 PM logoCapital One Financial Corporation Brokers Boost Earnings Estimates for Denbury Resources Inc. (DNR) - August 11 at 12:02 PM logoDenbury Resources to Present at EnerCom's The Oil & Gas Conference - GlobeNewswire (press release) - August 11 at 5:18 AM logoDenbury Resources to Present at EnerCom’s The Oil & Gas Conference - August 10 at 7:15 PM logoZacks: Analysts Expect Denbury Resources Inc. (DNR) Will Post Quarterly Sales of $247.04 Million - August 9 at 7:44 AM



Denbury Resources (DNR) Chart for Wednesday, September, 20, 2017

This page was last updated on 9/20/2017 by Staff