|Bid||4.460 x 29200|
|Ask||4.460 x 1300|
|Day's Range||4.420 - 4.530|
|52 Week Range||0.910 - 5.560|
|PE Ratio (TTM)||10.02|
|Earnings Date||Aug 6, 2018 - Aug 10, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||3.66|
Investors in Denbury Resources (DNR) need to pay close attention to the stock based on moves in the options market lately.
On July 16, US crude oil August 2018 futures closed ~$6.1 above the August 2019 futures contract. On July 9, the futures spread was at a premium of ~$8.49. Between July 9 and July 16, US crude oil August futures fell 7.8%.
Not only are its shares well off their peak, but this oil company has a needle-moving growth project in the works.
On July 12, US crude oil August futures fell 0.1% and settled at $70.33 per barrel, the lowest closing level since June 25, 2018. Prices were relatively steady after the sharp fall on July 11. Between July 5 and July 12, US crude oil August futures declined 3.6%. On July 12, oil-weighted stocks Pioneer Natural Resources Company (PXD), EOG Resources (EOG), Denbury Resources (DNR), and California Resources (CRC) fell 0.1%, 0.4%, 2%, and 4.1%, respectively.
On July 11, US crude oil August futures plunged 5% and closed at $70.38 per barrel, just $0.08 below the lower limit of our price forecast of $70.46 until July 13.
NEW YORK, NY / ACCESSWIRE / July 10, 2018 / U.S. equities continued to push higher on Monday, as strong economic data counters worries on rising trade tensions. The Dow Jones Industrial Average advanced ...
NEW YORK, NY / ACCESSWIRE / July 4, 2018 / U.S. equities dropped on Tuesday, as gains in energy, real-estate and telecom shares were offset by losses in tech and financial names. The Dow Jones Industrial ...
Stock Research Monitor: CRK, CPG, and DVN LONDON, UK / ACCESSWIRE / July 2, 2018 / If you want a free Stock Review on DNR sign up now at www.wallstequities.com/registration . Today, WallStEquities.com ...
On June 28, US crude oil’s implied volatility was 24.3%, 0.4% below its 15-day moving average. The inverse relationship between oil prices and oil’s implied volatility is illustrated in the graph below. Since reaching a 12-year low in February 2016, US crude oil active futures have risen 180.2%. Crude oil’s implied volatility fell ~66.7% between February 11, 2016, and June 28.
On June 25, US crude oil August futures closed $5.4 above the August 2019 futures contract. On June 18, the futures spread was at a premium of $3.8. On June 18–25, US crude oil August futures rose 3.6%.
From June 15 to June 22, the ETFs that track US crude oil futures had the following performances: United States Oil ETF (USO): rose 7.4% United States 12 Month Oil ETF (USL): rose 4.9% ProShares Ultra Bloomberg Crude Oil ETF (UCO): rose 12.9%
NEW YORK, NY / ACCESSWIRE / June 25, 2018 / U.S. markets were mixed Friday, with the Dow snapping an eight day losing streak as energy shares rallied. However, major indexes experienced weekly losses on ...
Let’s look now at the top percentage gainers from the upstream sector in the United States from June 18–20. To compile the list, we only used oil and gas producers with market capitalizations greater than $100 million and an average trading volume greater than 100,000 shares last week.
The 2018 EnerCom oil & gas investment conference will feature U.S. and Canadian shale developers, Gulf of Mexico, European and Latin American producers, oilfield service companies and expert panels for ...
Denbury Resources Inc. (DNR) (“Denbury” or the “Company”) today announced that the Company has sanctioned a CO2 enhanced oil recovery (“EOR”) project at Cedar Creek Anticline (“CCA”). CCA is a massive geological feature stretching approximately 125 miles in length across parts of Montana, North Dakota and South Dakota. Chris Kendall, Denbury’s President and CEO, commented, “The decision to sanction this significant project marks a major milestone for the Company and highlights our confidence in the significant long-term oil production and cash flow potential of this key asset. Over the last few years, the Denbury team has worked diligently to prepare this project for execution, capitalizing on our vast EOR experience, and I am proud of all the efforts that made the sanctioning of this project possible.
Having looked at this week’s gainers in the US upstream sector, we’ll now move to the stocks that have fallen the most. We’ll focus on oil and gas producers with a market capitalization greater than $100 million and an average trading volume greater than 100,000 shares.
Denbury Resources Inc. (DNR) (“Denbury” or the “Company”) today announced that Chris Kendall, President and Chief Executive Officer, will present at the 2018 J.P. Morgan Energy Conference on Monday, June 18, 2018, at 2:40 p.m. Eastern Time. In the Company’s presentation, management will provide an update on the Company’s long-term CO2 EOR development plans at Cedar Creek Anticline. An updated corporate presentation for the conference and a link to the live webcast of the presentation will be made available at the time of the conference in the investor relations section of the Company’s website at www.denbury.com.
Presenters include U.S. and Canadian shale producers, Gulf of Mexico and Latin American producers, expert panel discussion on Mexico's growing E&P opportunities DENVER , June 13, 2018 /PRNewswire/ -- EnerCom, ...
Investment conference registration is open at the conference website DENVER , June 5, 2018 /PRNewswire/ -- EnerCom, Inc. is pleased to update the list of presenting oil and gas companies for the 23 rd ...
WallStEquities.com takes a look at the Independent Oil and Gas space, which includes companies that only explore for and produce oil and gas. Under monitoring this morning are these four stocks Comstock Resources Inc. (NYSE: CRK), Denbury Resources Inc. (NYSE: DNR), Eclipse Resources Corp. (NYSE: ECR), and Enbridge Energy Management L.L.C. (NYSE: EEQ).
To conclude our overview of the biggest movers in the upstream and oilfield services sector, we’ll discuss Wall Street analysts’ recommendations for the companies with the strongest gains in 2018. The median price target for WTI is $6.00, which is ~28% lower than the May 22 closing price of $8.34. As of May 22, Reuters reported seven analysts having recommendations on California Resources (CRC).
Denbury Resources (DNR) is the third-best-performing energy stock from the oil and gas production—or upstream—sector in the US in 2018 so far. Denbury Resources is an enhanced oil recovery (or EOR) upstream company with operations in the Gulf Coast and Rocky Mountain regions in the US. So far in 2018, DNR has risen ~94% to $4.29 from its 2017 close of $2.21.
In 2018, California Resources (CRC) is turning out to be the second-best performing energy stock from the oil and gas production—or upstream—sector in the US. California Resources is primarily a crude oil and natural gas producer with operations exclusively in California. So far in 2018, CRC has increased by ~96% from its 2017 close of $19.44 to $38.14.