DNR - Denbury Resources Inc.

NYSE - NYSE Delayed Price. Currency in USD
1.1300
+0.0200 (+1.80%)
At close: 4:01PM EDT
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Previous Close1.1100
Open1.1200
Bid0.0000 x 36100
Ask1.1400 x 21500
Day's Range1.1100 - 1.1700
52 Week Range1.0600 - 6.7500
Volume11,396,223
Avg. Volume12,970,158
Market Cap521.184M
Beta (3Y Monthly)2.73
PE Ratio (TTM)2.01
EPS (TTM)0.5610
Earnings DateAug 5, 2019 - Aug 9, 2019
Forward Dividend & YieldN/A (N/A)
Ex-Dividend Date2015-08-21
1y Target Est2.26
Trade prices are not sourced from all markets
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    Which Energy Stocks Missed Oil’s Upside?

    Among the oil-weighted stocks, Apache (APA) had a correlation of 47% with US crude oil prices—the lowest among oil-weighted stocks.

  • Why Denbury Resources Stock Sank Almost 14% in June
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  • Why the Earnings Surprise Streak Could Continue for Denbury Resources (DNR)
    Zacks16 days ago

    Why the Earnings Surprise Streak Could Continue for Denbury Resources (DNR)

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  • Here’s What Hedge Funds Think About Denbury Resources Inc. (DNR)
    Insider Monkey19 days ago

    Here’s What Hedge Funds Think About Denbury Resources Inc. (DNR)

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  • Concho Resources and Denbury Resources Buck Oil’s Rise
    Market Realist27 days ago

    Concho Resources and Denbury Resources Buck Oil’s Rise

    All of the oil-weighted stocks except Concho Resources (CXO) and Denbury Resources (DNR) ended in the green. Concho Resources was unchanged, while Denbury Resources fell 0.8%.

  • Rising Oil Prices Will Test Frackers
    Bloomberg28 days ago

    Rising Oil Prices Will Test Frackers

    (Bloomberg Opinion) -- The quarterly energy survey by the Federal Reserve Bank of Dallas is required reading in oil and gas circles, not least because of the anonymous quotations from participants:We see oversupply, oversupply and oversupply of both oil and gas ...That particular respondent from the oilfield services sector, featured in Wednesday’s release, sure seems concerned about something. As well they might. Oilfield services stocks are even less popular than those pariahs known as exploration and production stocks. The reason, as I laid out here, is that the route back to redemption for E&P companies involves diverting more cash flow toward shareholders and less toward the sort of spending that boosts the top line for oilfield services contractors.The sector’s problems can be summed up in this chart. It shows index readings for business activity among E&P and services firms, as collated by the Dallas Fed. It also shows readings for the change in oil and gas production. These numbers are derived by subtracting the percentage of companies reporting a decrease in output from the percentage reporting an increase (I ignore the proportion reporting no change).Back in early 2016, everyone knew where they stood: in a hole, with oil having just dipped below $30 a barrel. But activity and production bounced back relatively quickly. Most pertinent to the current situation is that uptick in activity and the prevalence of production growth, especially for oil, last summer. That was when expectations of imminent Iranian sanctions from Washington sparked a big rally in oil prices – and led E&P companies to quickly abandon the spending discipline they had touted in early 2018. The subsequent head-fake on Iran in the fall, combined with surging U.S. oil supply running into an unusually weak fourth quarter for demand, trashed prices, stocks – and the last sliver of credibility the sector had with investors.As concerns about oil demand have blunted the impact of this year’s escalation in U.S.-Iranian tensions, so E&P firms have recommitted to discipline. That looks real enough, judging by the index readings on activity. Some respondents also mentioned the impact of disinterested investors and distrusting lenders in curbing drilling.But juggernauts this big don’t brake on a dime. While the proportion of E&P firms telling the Dallas Fed that output fell has risen from about 18% in the fourth quarter of 2018 to about 26% in the current quarter, more than 70% report flat or increasing production, and weighted toward the latter. Even in natural gas, a market so awash that prices in West Texas have turned negative on some days this year, almost 40% of respondents reported an increase in production.The cure for low prices is usually low prices, but the productivity gains of recent years in shalelandia – funded in part by contractors’ pain and investors’ prior indulgence – have kept moving that bar lower. The latest washout in stock valuations may provide the impetus needed for discipline to take hold, which could tempt investors back to the E&P sector (services, not so much).The test for that may already be upon us. At the moment the dour Dallas Fed survey results went up Wednesday morning, the Energy Information Administration was reporting a big drop in oil inventories last week, pushing up prices. Naturally, the most highly levered, volatile stocks such as California Resources Corp. and Denbury Resources Inc. leaped.A combination of a trade truce between the U.S. and China at this weekend’s G-20 festivities and more flare-ups in the Persian Gulf could provide a further tailwind for prices heading into the traditionally strong summer season for oil demand. Respondents’ comments suggest little faith in peace breaking out on trade; and one rather delicately indicated a different kind of war might be more relevant:A reversal in the current supply/demand relationship will likely depend on the occurrence of an event or events that are less than desirable.For investors, though, it’s less about what oil prices do and more about what E&P management teams do with them. If a summer spike reawakens the impulse to drill, we’ll get cheerier Dallas Fed readings at odds with listless stocks.To contact the author of this story: Liam Denning at ldenning1@bloomberg.netTo contact the editor responsible for this story: Mark Gongloff at mgongloff1@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Liam Denning is a Bloomberg Opinion columnist covering energy, mining and commodities. He previously was editor of the Wall Street Journal's Heard on the Street column and wrote for the Financial Times' Lex column. He was also an investment banker.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.

  • Are Investors Undervaluing Denbury Resources Inc. (NYSE:DNR) By 47%?
    Simply Wall St.28 days ago

    Are Investors Undervaluing Denbury Resources Inc. (NYSE:DNR) By 47%?

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  • Moody's29 days ago

    Denbury Resources Inc. -- Moody's changes Denbury Resources' PDR to B3-PD/LD; rates new second lien notes B3

    Moody's Investors Service (Moody's) changed Denbury Resources Inc.'s (Denbury) Probability of Default Rating (PDR) to B3-PD/LD from B3-PD, affirmed its B3 Corporate Family Rating (CFR) and assigned a B3 rating to its new 7.75% secured second lien notes due 2024. Denbury issued $528 million of new 7.75% senior secured second lien notes due 2024 and $245.5 million of 6.375% convertible senior notes due 2024 (as well as paid $120 million in cash) in exchange for $152 million of existing senior subordinated notes due 2021, $220 million of existing senior subordinated notes due 2022, $96 million of existing senior subordinated notes due 2023 and $425 million of existing 7.5% senior secured second lien notes due 2024.

  • PR Newswire29 days ago

    EnerCom Announces Further Presenting Companies at The Oil & Gas Conference® 2019

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  • GlobeNewswirelast month

    Denbury Announces Early Participation Results of Successful Exchange Offers for Subordinated Notes Due 2021 and 2022 and Second Lien Notes Due 2024

    PLANO, Texas, June 17, 2019 -- Denbury Resources Inc. (NYSE: DNR) (“Denbury” or the “Company”) today announced the early participation results of its exchange offers to:.

  • GlobeNewswirelast month

    Denbury Resources to Present at J.P. Morgan Energy Conference

    Denbury Resources Inc. (DNR) (“Denbury” or the “Company”) today announced that Chris Kendall, President and Chief Executive Officer, will present at the 2019 J.P. Morgan Energy Conference on Tuesday, June 18, 2019, at 8:35 a.m. Eastern Time.  An updated corporate presentation for the conference will be posted to the Company’s website the morning of Tuesday, June 18, 2019, and a link to the live webcast of the presentation will be available in the investor relations section of the Company’s website at www.denbury.com. Denbury is an independent oil and natural gas company with operations focused in two key operating areas: the Gulf Coast and Rocky Mountain regions.  The Company’s goal is to increase the value of its properties through a combination of exploitation, drilling and proven engineering extraction practices, with the most significant emphasis relating to CO2 enhanced oil recovery operations.  For more information about Denbury, please visit www.denbury.com.

  • US Crude Oil Near $50: Why Denbury Resources Might Be in Trouble
    Market Realistlast month

    US Crude Oil Near $50: Why Denbury Resources Might Be in Trouble

    In this quarter so far, US crude oil prices have fallen by double digits, and Denbury Resources has fallen the most among oil-weighted stocks. Last quarter, Denbury Resources had a production mix of around ~97% in oil.

  • Denbury Resources (DNR) Down 31.8% Since Last Earnings Report: Can It Rebound?
    Zacks2 months ago

    Denbury Resources (DNR) Down 31.8% Since Last Earnings Report: Can It Rebound?

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  • PR Newswire2 months ago

    Eni VP Andrew Lees to Keynote EnerCom's The Oil & Gas Conference® Aug. 14, 2019

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  • GlobeNewswire2 months ago

    Denbury Enters Into Private Exchange Agreements and Announces Exchange Offers for Subordinated Notes Due 2021 and 2022 and Second Lien Notes Due 2024

    Denbury Resources Inc. (DNR) (“Denbury” or the “Company”) today announced that it has entered into private exchange agreements and has separately commenced exchange offers with respect to certain of its subordinated notes and its second lien notes due 2024. In addition, the Company has also announced today the commencement of exchange offers (the “Subordinated Notes Exchange Offers”) to Eligible Holders (as defined below) of its 6⅜% Senior Subordinated Notes due 2021 and 5½% Senior Subordinated Notes due 2022 and a separate exchange offer (the “Second Lien Notes Exchange Offer” and, together with the Subordinated Notes Exchange Offers, the “Exchange Offers”) to holders of its 7½% Senior Secured Second Lien Notes due 2024.  The Exchange Offers are being made upon the terms and subject to the conditions set forth in a confidential offering memorandum (the “Offering Memorandum”) and related letter of transmittal (the “Letter of Transmittal”), each dated June 3, 2019.

  • GlobeNewswire2 months ago

    Denbury Resources to Present at Energy Conferences

    PLANO, Texas, June 03, 2019 -- Denbury Resources Inc. (NYSE: DNR) (“Denbury” or the “Company”) today announced that members of senior management will be attending the 2019 RBC.

  • Thomson Reuters StreetEvents2 months ago

    Edited Transcript of DNR earnings conference call or presentation 7-May-19 3:00pm GMT

    Q1 2019 Denbury Resources Inc Earnings Call

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    Continental Petroleum Chairman Harold Hamm to Keynote EnerCom's The Oil & Gas Conference® Tues. Aug. 13, 2019

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  • Should Value Investors Buy Denbury Resources (DNR) Stock?
    Zacks2 months ago

    Should Value Investors Buy Denbury Resources (DNR) Stock?

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