2.73 0.00 (0.00%)
After hours: 6:51PM EST
|Bid||2.72 x 1400|
|Ask||0.00 x 1000|
|Day's Range||2.68 - 2.90|
|52 Week Range||1.53 - 6.75|
|Beta (3Y Monthly)||5.03|
|PE Ratio (TTM)||5.91|
|Earnings Date||Nov 5, 2018 - Nov 9, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||5.56|
News that OPEC could take action to cut oil supply sent crude prices higher, and that has investors looking favorably on Denbury. But a single day's move won't make or break the oil producer's prospects.
In the week ending on November 2, US crude oil inventories were 3% above their five-year average—one percentage point more than the previous week. Oil prices and the inventories spread usually move inversely, as you can see in the following chart. If the inventories spread expands more into the positive territory, it might drag down oil prices in the coming weeks. The inventories spread is the difference between inventories and their five-year average.
On November 12, US crude oil December futures closed ~$1.6 below the December 2019 futures. On November 5, the futures spread was at a discount of ~$0.55. On November 5–12, US crude oil December futures fell 5%.
PLANO, Texas, Nov. 12, 2018 -- Denbury Resources Inc. (NYSE: DNR) (“Denbury” or the “Company”) today announced that Chris Kendall, President and Chief Executive Officer, will.
On November 2–9, upstream stock EP Energy (EPE) fell the most on our list of upstream energy stocks. However, the SPDR S&P Oil & Gas Exploration & Production ETF (XOP) rose 0.6%—the lowest gainer among the major energy ETFs that we discussed in Part 1. On November 7, EP Energy announced its third-quarter earnings results. The company reported an adjusted loss of $0.04 per share—compared to analysts’ consensus estimates for an income of $0.01 per share.
On November 2–9, the United States Oil ETF (USO) and the United States 12-Month Oil ETF (USL) fell 4.6% and 3.8%, respectively. The ProShares Ultra Bloomberg Crude Oil ETF (UCO) fell 9%. These ETFs track US crude oil futures.
On November 2–9, US crude oil December futures fell 4.7% and closed at $60.19 per barrel on November 9—the lowest closing level for active US crude oil futures since March 3. US crude oil December futures fell due to rising oversupply concerns. Last week, US crude oil prices recorded the fifth consecutive weekly decline—the second-longest streak of weekly declines in 2018.
On November 7, US crude oil December futures fell 0.9% and closed at $61.67 per barrel—the lowest closing level for active US crude oil futures since March 15. On the same day, US crude oil inventories rose by 5.8 MMbbls (million barrels) for the week ending November 2. The increase might have caused US crude oil’s fall apart from rising supply concerns. A Reuters poll indicated a rise of 2.43 MMbbls in US crude oil inventories.
Denbury Resources (DNR) delivered earnings and revenue surprises of 18.18% and 10.57%, respectively, for the quarter ended September 2018. Do the numbers hold clues to what lies ahead for the stock?
On a per-share basis, the Plano, Texas-based company said it had profit of 17 cents. Earnings, adjusted for non-recurring gains, came to 13 cents per share. The results exceeded Wall Street expectations. ...
PLANO, Texas, Nov. 08, 2018 -- Denbury Resources Inc. (NYSE: DNR) (“Denbury” or the “Company”) today announced net income of $78 million, or $0.17 per diluted share, for the.
Apache Corporation (NYSE: APA) looks like it has made a bottom at the $36 level. Denbury Resources Inc. (NYSE: DNR) experienced a sell-off with the rest of the market in October, but like Apache it also looks like it has made a bottom.
Higher expected production of oil amid favorable crude pricing scenario is likely to contribute to Denbury's (DNR) third-quarter results.
NEW ORLEANS , Nov. 5, 2018 /PRNewswire/ -- Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC ("KSF") are investigating the proposed sale ...
On October 26–November 2, the United States Oil ETF (USO) and the United States 12-Month Oil ETF (USL) fell 7.1% and 6.4%, respectively. The ProShares Ultra Bloomberg Crude Oil ETF (UCO) fell 13.9%. These ETFs track US crude oil futures.
On October 26–November 2, oilfield services stock Weatherford International (WFT) fell the most on our list of energy stocks. In fact, the VanEck Vectors Oil Services ETF (OIH) fell 2.1%—the only decline among the major energy subsector ETFs that we discussed in Part 3.
NEW YORK, Nov. 05, 2018 -- In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors,.
Since Oct. 28, three multibillion-dollar deals to acquire Houston-based energy companies have been announced. Additionally, at least three Houston-based companies have announced deals or plans to sell energy assets totaling nearly $2 billion.
On October 24–31, our list of oil-weighted stocks fell 1.5%—compared to the 2.3% fall in US crude oil December futures. On average, our list of oil-weighted stocks outperformed US crude oil prices. In the previous part, we saw that these oil-weighted stocks had higher and positive correlations with the S&P 500 Index (SPY) than oil prices. In the trailing week, the S&P 500 Index rose 2.1%.
DALLAS, TX / ACCESSWIRE / November 1, 2018 / Former United States Securities and Exchange Commission attorney Willie Briscoe is investigating potential claims against the Board of Directors of Penn Virginia Corporation ("Penn Virginia") (PVAC) concerning the acquisition by Denbury Resources Inc. ("Denbury") (DNR). Under the terms of the agreement, valued at approximately $1.7 billion, Penn Virginia shareholders will only receive 12.4 shares of Denbury and $25.86 in cash per Penn Virginia share owned.The consideration is significantly lower than at least one analyst's estimated value of $110.00.
NEW YORK, Nov. 01, 2018 -- The following statement is being issued by Levi & Korsinsky, LLP: Levi & Korsinsky, LLP announces that investigations have commenced on.