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: $487.69 million
  • Outstanding Shares: 389,903,000
Average Prices:
  • 50 Day Moving Avg: $1.23
  • 200 Day Moving Avg: $1.58
  • 52 Week Range: $0.91 - $4.29
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: 12.67
  • P/E Growth: 0.66
Sales & Book Value:
  • Annual Revenue: $1.04 billion
  • Price / Sales: 0.43
  • Book Value: $1.32 per share
  • Price / Book: 0.86
  • EBITDA: $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: 6.32 million shs.
  • Beta: 3.38
  • 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) released its earnings results on Tuesday, August, 8th. The company reported $0.00 EPS for the quarter, beating the Thomson Reuters' consensus estimate of ($0.02) by $0.02. The firm earned $261.20 million during the quarter, compared to analyst estimates of $248.66 million. Denbury Resources had a negative return on equity of 1.94% and a negative net margin of 35.24%. The business's quarterly revenue was up 2.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $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 Thursday, November, 2nd 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 1 year target prices for Denbury Resources' shares. Their predictions range from $1.00 to $5.00. On average, they expect Denbury Resources' share price to reach $2.21 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 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 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 production. In spite of the company’s field in the Gulf area being affected by tropical storm Harvey, its 2017 production estimate remains unaltered. Other positives for the company include low-risk investments, a strong financial position and an active divestment policy." (10/10/2017)
  • 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 decline in short interest during the month of September. As of September 29th, there was short interest totalling 63,854,823 shares, a decline of 20.7% from the September 15th total of 80,484,459 shares. Based on an average daily trading volume, of 6,394,181 shares, the days-to-cover ratio is currently 10.0 days. Currently, 16.1% of the shares of the stock are sold short.

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

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 $1.14.

MarketBeat Community Rating for Denbury Resources (NYSE DNR)
Community Ranking:  2.2 out of 5 (star star)
Outperform Votes:  282 (Vote Outperform)
Underperform Votes:  361 (Vote Underperform)
Total Votes:  643
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: $2.21 (94.24% upside)
Consensus Price Target History for Denbury Resources (NYSE:DNR)
Price Target History for Denbury Resources (NYSE:DNR)
Analysts' Ratings History for Denbury Resources (NYSE:DNR)
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
10/10/2017BMO Capital MarketsSet Price TargetHold$1.00N/AView Rating Details
10/3/2017Imperial CapitalInitiated CoverageIn-Line$2.00MediumView Rating Details
9/29/2017Royal Bank Of CanadaReiterated RatingHold$1.50HighView Rating Details
9/6/2017KeyCorpReiterated RatingHoldMediumView 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 10/17/2015 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: $0.02
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 20174($0.02)$0.04$0.02
Q4 20174($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 Announces Release Date for Third Quarter 2017 Results ... - GlobeNewswire (press release) - October 16 at 11:42 PM logoDenbury Resources, Inc. breached its 50 day moving average in a Bearish Manner : DNR-US : October 16, 2017 - October 16 at 6:41 PM logoDenbury Announces Release Date for Third Quarter 2017 Results and Conference Call - October 16 at 6:40 PM logoDenbury Resources Inc. (DNR) Short Interest Update - October 16 at 1:44 AM logoEnterprise Products (EPD) Hikes Quarterly Cash Distribution - October 13 at 6:30 PM logoQ3 2017 Earnings Estimate for Denbury Resources Inc. Issued By Imperial Capital (DNR) - October 5 at 6:28 AM logoImperial Capital Starts Denbury Resources (DNR) at In-Line - - October 3 at 8:40 AM logo Analysts Anticipate Denbury Resources Inc. (DNR) Will Announce Quarterly Sales of $257.87 Million - October 3 at 8:12 AM logoDenbury Resources Inc. (DNR) Given Average Recommendation of "Hold" by Analysts - October 1 at 6:50 PM logoShort Interest in Denbury Resources Inc. (DNR) Grows By 6.4% - October 1 at 2:38 AM logoEV Energy Partners, L.P. (EVEP) and Denbury Resources (DNR) Head to Head Survey - September 30 at 10:22 PM logoDenbury Resources' (DNR) Hold Rating Reiterated at Royal Bank Of Canada - September 30 at 7:28 AM logo4 Beaten-Down Oil Stocks That Could Make Huge Moves if Crude Continues Its Momentum - September 28 at 5:38 PM logoSurging Earnings Estimates Signal Good News for Denbury Resources (DNR) - September 27 at 6:39 PM logoDenbury Resources (DNR) Presents At Johnson Rice & Company 2017 Energy Conference - Slideshow - September 27 at 6:39 PM logoDenbury Resources to Present at Johnson Rice 2017 Energy ... - GlobeNewswire (press release) - September 25 at 4:25 PM logoCushing Crude Oil Inventories Rose for the Fourth Week - September 25 at 4:25 PM logoDenbury Resources to Present at Johnson Rice 2017 Energy Conference - September 25 at 7:16 AM logoDenbury Resources, Inc. – Value Analysis (NYSE:DNR) : September 21, 2017 - September 22 at 8:58 AM 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 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



Denbury Resources (DNR) Chart for Tuesday, October, 17, 2017

This page was last updated on 10/17/2017 by Staff

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