|Bid||0.2200 x 4000|
|Ask||0.2201 x 38500|
|Day's Range||0.2163 - 0.2449|
|52 Week Range||0.1700 - 2.6800|
|Beta (5Y Monthly)||3.85|
|PE Ratio (TTM)||0.48|
|Earnings Date||May 04, 2020 - May 10, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Aug 20, 2015|
|1y Target Est||0.51|
Denbury Resources (DNR) intends to defer the Cedar Creek Anticline CO2 tertiary flood development project beyond 2020 to preserve liquidity.
In addition to significantly reducing capital spending, we expect to meaningfully reduce Denbury’s LOE and G&A expenses, which, combined with proceeds from our previously announced working interests sale that closed in early March, allow us to target cash flow neutrality for the year if NYMEX oil prices average $35 per barrel for 2020. Additionally, the value of our hedge portfolio has enabled us to restructure a significant portion of the Company’s 2020 hedge contracts to provide for more price certainty and protection against further oil price declines. The Company has reduced its previously planned 2020 capital budget by approximately $80 million, or 44%.
Denbury Resources (DNR) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Investors need to pay close attention to Denbury Resources (DNR) stock based on the movements in the options market lately.
Moody's Investors Service (Moody's) downgraded Denbury Resources Inc.'s (Denbury) Corporate Family Rating (CFR) to Caa2 from B3, Probability of Default Rating (PDR) to Caa2-PD from B3-PD, ratings on its senior secured second lien debt to Caa2 from B3 and ratings on its senior subordinated debt to Ca from Caa2. The Speculative Grade Liquidity (SGL) Rating was downgraded to SGL-4 from SGL-2.
PLANO, Texas, March 06, 2020 -- Denbury Resources Inc. (NYSE: DNR) (“Denbury” or the “Company”) today announced that on March 5, 2020, it received formal notice from the New.
PLANO, Texas, March 05, 2020 -- Denbury Resources Inc. (NYSE: DNR) (“Denbury” or the “Company”) today announced that it has closed the previously-announced farm-down.
Mr. Kendall and other members of senior management will also meet with institutional investors. An updated corporate presentation for the conference will be posted to the Company’s website the morning of Monday, March 2, 2020, 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 Resources (DNR) delivered earnings and revenue surprises of 12.50% and -0.15%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?
PLANO, Texas, Feb. 25, 2020 -- Denbury Resources Inc. (NYSE: DNR) (“Denbury” or the “Company”) today announced its fourth quarter and full-year 2019 financial and operating.
EOG Resources (EOG) has 10,500 net undrilled premium drilling locations in crude oil plays with resource potential of 10.2 billion barrel of oil equivalent.
PLANO, Texas, Feb. 12, 2020 -- Denbury Resources Inc. (NYSE: DNR) (“Denbury” or the “Company”) today announced that it will issue its fourth quarter and full-year 2019.
Even as uncertainties flare over when at how Iran will retaliate after a U.S. airstrike took out one of its top Iranian military commanders, markets have taken hold of two grounding principles, according to Mohamed El-Erian.
Oil prices spiked in the immediate aftermath of the Department of Defense’s confirmation of an airstrike that killed a top Iranian military commander.
Denbury (DNR) announces plans of allocating proceeds from the divestiture of 50% of its rights in four oil fields in Texas to lower debt burden.
The Company anticipates using the sale proceeds to fund operations, enhance liquidity and/or reduce debt. Denbury will sell 50% of its working interest in Webster, Thompson, Manvel and East Hastings oil fields for $50 million cash and a carried interest in ten wells to be drilled by Navitas. Denbury will remain operator of the fields but Navitas will drill and complete each of the ten wells.
With the first-quarter round of 13F filings behind us it is time to take a look at the stocks in which some of the best money managers in the world preferred to invest or sell heading into the second quarter. One of these stocks was Denbury Resources Inc. (NYSE:DNR). Denbury Resources Inc. (NYSE:DNR) was in […]