|Bid||0.0000 x 45100|
|Ask||0.0000 x 4000|
|Day's Range||1.8100 - 1.9400|
|52 Week Range||1.3900 - 6.7500|
|Beta (3Y Monthly)||3.55|
|PE Ratio (TTM)||2.64|
|Earnings Date||May 6, 2019 - May 10, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||2.79|
Back in 2000, Dr. Ronald Eric Gutfleish founded Elm Ridge Capital. The firm is a value-oriented investment manager that typically invests in the public equity market. With its headquarters located in Irvington, New York, it provides its services to high net worth individuals, pooled investment vehicles, pension and profit sharing plans, and other investment advisers. […]
What Impacted the Energy Sector Last Week?(Continued from Prior Part)Energy stocks In the week ending March 22, upstream stock Denbury Resources (DNR) rose the most among the energy stocks under review in this series, which include the following
West Texas Intermediate futures in New York dropped 1.6 percent Friday, paring the week’s gain to less than 1 percent. WTI for May delivery lost 94 cents to settle at $59.04 a barrel on the New York Mercantile Exchange.
Stocks that moved substantially or traded heavily on Friday: Nike Inc., down $5.82 to $82.19 The athletic apparel maker reported weaker-than-expected sales in North America and warned of a sales slowdown. ...
Houston-based Penn Virginia Corp. (Nasdaq: PVAC) and Plano, Texas-based Denbury Resources Inc. (NYSE: DNR) have mutually agreed to terminate an acquisition announced in late October. Denbury had planned to acquire Penn Virginia in a cash-and-stock deal that was valued at $1.7 billion, including the assumption of debt, as of Oct. 26, 2018.
Denbury Resources Inc. (DNR) (“Denbury” or the “Company”) today announced that it has mutually agreed with Penn Virginia Corporation (PVAC) (“Penn Virginia”) to terminate their previously announced agreement under which Denbury was to acquire Penn Virginia. Chris Kendall, Denbury’s President and CEO, commented, “While we firmly believed in the strategic merits of the combination with Penn Virginia, the difficult market conditions since announcement, combined with the opposition of certain Penn Virginia shareholders, led us to the conclusion that the transaction was unlikely to receive the necessary super majority approval from Penn Virginia shareholders. “Longer term, we believe that CO2 EOR will become an even more vital component of the world’s oil supply, with the smallest possible carbon footprint for an oil producer, and that Denbury is uniquely positioned in the industry to benefit from an increasing need to limit or reduce CO2 emissions.
Denbury Resources Inc. (DNR) (“Denbury”) and Penn Virginia Corporation (PVAC) (“Penn Virginia”) jointly announced today that, in connection with Denbury’s pending acquisition of Penn Virginia, April 16, 2019 at 5:00 p.m. Eastern Time is the election deadline for record holders of shares of Penn Virginia’s common stock to elect the form of merger consideration they wish to receive in connection with the transaction. An election will be valid only if a properly completed and signed election form and letter of transmittal, together with all required documents and materials set forth in the election form and letter of transmittal and the instructions thereto, is received by Broadridge Corporate Issuer Solutions, Inc., the exchange agent for the transaction (“Broadridge”), by the election deadline.
Energy Sector: Key Development Last Week(Continued from Prior Part)Energy stocks In the week ending March 1, oilfield services stock Weatherford International (WFT) fell the most among the energy stocks under review in this series, which include the
Crude Oil: A Bear Trap for Traders?(Continued from Prior Part)Changes in inventory levels On March 6, the EIA (U.S. Energy Information Administration) is scheduled to announce last week’s US crude oil inventory data. A rise of less than ~1.7 MMbbls
NEW YORK, March 05, 2019 -- In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors,.
Analyzing Key Energy Indicators Last Week(Continued from Prior Part)Energy stocksIn the week ending March 1, upstream stock Whiting Petroleum (WLL) fell the most among the energy stocks under review in this series, which include the following
Denbury Resources Inc. (DNR) (“Denbury”) and Penn Virginia Corporation (PVAC) (“Penn Virginia”) today announced that they have jointly filed a definitive joint proxy statement/prospectus with the Securities and Exchange Commission (“SEC”) in connection with Denbury’s proposed acquisition of Penn Virginia.
Denbury Resources Inc.'s (NYSE:DNR) latest earnings update in December 2018 showed that the company benefited from a sizeable tailwind, eventuating to a high double-digit earnings growth of 98%. Below isRead More...
Denbury Resources Inc is a part of the energy sector. Warning! GuruFocus has detected 5 Warning Signs with DNR. For the last quarter Denbury Resources Inc reported a revenue of $336.1 million, compared with the revenue of $321.2 million during the same period a year ago.
Has the Energy Portfolio Distanced Itself from Oil?US crude oil retained its gainsOn February 28, US crude oil April futures rose 0.5% and settled at $57.22 per barrel—the second-highest closing level for active US crude oil futures since November