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Denbury Resources Inc.
Type
Public company
Traded as NYSE: DNR
S&P 600 component
Industry Petroleum industry
Headquarters Plano, Texas
Key people
Christian S. Kendall, President & CEO
Products Petroleum
Natural gas
Production output
64 thousand barrels of oil equivalent (390,000 GJ) per day
Revenue Decrease $975 million (2016)
Net income
Decrease -$976 million (2016)
Total assets Decrease $4.274 billion (2016)
Total equity Decrease $468 million (2016)
Number of employees
1,058 (2016)
Website www.denbury.com

Denbury Resources Inc. is a petroleum and natural gas exploration and production company headquartered in Plano, Texas.

The company extracts oil via enhanced oil recovery (tertiary recovery), which utilizes carbon dioxide to extract oil from fields that have been previously exploited.

The company's operations are focused in the Gulf Coast and Rocky Mountain regions.

As of December 31, 2016, Denbury had 254 million barrels of oil equivalent (1.55×10 GJ) of estimated proved reserves, of which 97.5% was petroleum and 2.5% was natural gas.

The company also has an estimated 1.3 trillion cubic feet of probable carbon dioxide reserves at Jackson Dome.

The company's largest producing property is the Cedar Creek Anticline in Montana and North Dakota, which accounted for 25% of daily production in 2016.

In March 1951, the company was incorporated in Manitoba as "Kay Lake Mines Limited (N.P.L.)".

In September 1984, the name of the company was changed to "Newscope Resources Limited".

In December 1985, the name of the company was changed to "Denbury Resources Inc."

In May 1997, the company became a public company via an initial public offering.

In 1998, the company acquired properties from Chevron Corporation for $202 million.

In August 1999, the company began its enhanced oil recovery operations with the acquisition of the Little Creek Field.

In 2001, the company acquired Matrix Oil & Gas for $138 million in cash and stock. The company also acquired the Jackson Dome carbon dioxide reserves and the NEJD Pipeline in Mississippi, providing a source of carbon dioxide and the related transportation infrastructure.

In 2009, the company sold its assets in the Barnett Shale.

In 2010, the company acquired Encore Acquisition Company in a $4.6 billion transaction.

In 2012, the company acquired Thompson Field in Fort Bend County, Texas for $360 million. The company also sold its acreage in the Bakken Formation to ExxonMobil for $1.6 billion.

In 2013, the company acquired fields in the Cedar Creek Anticline from ConocoPhillips for $1.05 billion.

In 2017, Christian S. Kendall was named chief executive officer of the company. The company also acquired assets in the Salt Creek Field of Wyoming from Linn Energy for $71.5 million.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q1 2020 2020-05-18 0.06 0.14
Q4 2019 2020-02-25 0.09 0.05
Q3 2019 2019-11-07 0.08 0.14
Q2 2019 2019-08-07 0.13 0.32
Q1 2019 2019-05-07 0.10 -0.06
Q4 2018 2019-02-27 0.10 0.38
Q3 2018 2018-11-08 0.13 0.17

Ratings

2016-06-15 Upgrade Stifel Nicolaus Sell to Hold
2016-04-26 Initiated Coverage KeyBanc Overweight to Sector Weight
2016-04-26 Initiated Coverage KeyCorp Overweight to Sector Weight
2016-03-31 Reiterated Rating Stifel Nicolaus Sell
2016-02-22 Downgrade Johnson Rice Accumulate to Hold
2016-02-22 Lower Price Target RBC Capital Sector Perform $2.50 to $1.50
2016-02-22 Lower Price Target Royal Bank Of Canada Sector Perform $2.50 to $1.50
2016-01-28 Lower Price Target Barclays Equal Weight $4.00 to $2.00
2016-01-28 Lower Price Target Barclays PLC Equal Weight $4.00 to $2.00
2016-01-21 Lower Price Target Nomura $4.00 to $1.00
2016-01-21 Lower Price Target Nomura Holdings Inc. $4.00 to $1.00
2016-01-19 Lower Price Target KLR Group $8.00 to $4.00
2016-01-11 Upgrade Cowen and Company Underperform to Market Perform $2.00
2015-12-22 Lower Price Target KeyBanc $3.00
2015-12-18 Downgrade Stifel Nicolaus Hold to Sell $1.50
2015-12-08 Lower Price Target Barclays $6.00 to $4.00
2015-10-21 Lower Price Target SunTrust Neutral $8.00 to $4.00
2015-10-21 Lower Price Target SunTrust Banks Inc. Neutral $8.00 to $4.00
2015-10-15 Lower Price Target KLR Group $10.00 to $8.00
2015-10-07 Lower Price Target BMO Capital Markets $6.00 to $5.00
2015-09-08 Downgrade Cowen and Company Market Perform to Underperform $6.00 to $3.00
2015-09-08 Downgrade Credit Suisse Neutral to Underperform
2015-09-08 Downgrade Credit Suisse Group AG Neutral to Underperform
2015-08-26 Lower Price Target KeyBanc Overweight $6.00
2015-08-06 Lower Price Target Cowen and Company Outperform $9.00 to $6.00
2015-08-06 Lower Price Target RBC Capital Sector Perform $10.00 to $8.00
2015-07-22 Reiterated Rating Credit Suisse Neutral $10.00 to $6.00
2015-07-14 Reiterated Rating KeyBanc Buy $11.00 to $7.00
2015-07-13 Initiated Coverage Cowen and Company Outperform $9.00
2015-06-03 Boost Price Target Barclays Equal Weight $5.00 to $6.00
2015-05-19 Reiterated Rating Goldman Sachs Sell
2015-05-19 Reiterated Rating Goldman Sachs Group Inc. Sell
2015-05-15 Reiterated Rating Robert W. Baird Neutral $7.00 to $8.00
2015-05-12 Reiterated Rating SunTrust Neutral $9.00 to $8.00
2015-05-10 Reiterated Rating RBC Capital Sector Perform $9.00 to $10.00
2015-04-22 Initiated Coverage Nomura Reduce $9.00
2015-04-15 Initiated Coverage Goldman Sachs Sell $6.00
2015-01-14 Lower Price Target Barclays Equal Weight $8.00 to $5.00
2015-01-06 Downgrade Raymond James Underperform
2015-01-06 Downgrade Raymond James Financial Inc. Underperform
2014-12-16 Lower Price Target Barclays Equal Weight $11.00 to $8.00
2014-12-15 Upgrade KLR Group Accumulate to Buy $13.00
2014-11-28 Downgrade Ladenburg Thalmann Buy to Neutral $16.00 to $10.00
2014-11-20 Downgrade Barclays Overweight to Equal Weight $15.00 to $11.00
2014-11-19 Reiterated UBS Neutral $15 to $10
2014-11-19 Downgrade Wunderlich Buy to Hold $22.00 to $11.00
2014-11-17 Downgrade Stifel Nicolaus Neutral $18.00
2014-11-17 Downgrade Credit Suisse Outperform to Neutral $18.00 to $16.00
2014-11-17 Downgrade Sterne Agee CRT Buy to Neutral $18.00
2014-11-07 Reiterated Rating Barclays Overweight $18.00 to $15.00
2014-10-27 Downgrade Stifel Nicolaus Buy to Hold
2014-10-22 Reiterated Rating Wunderlich Buy $24.00 to $22.00
2014-10-09 Reiterated Rating Barclays Overweight $24.00 to $18.00
2014-10-09 Reiterated Rating KeyBanc Buy $23.00 to $20.00
2014-10-09 Downgrade Robert W. Baird Outperform to Neutral $19.00 to $16.00
2014-09-18 Downgrade RBC Capital Outperform to Sector Perform $20.00 to $19.00
2014-08-08 Reiterated Rating Citigroup Inc. Neutral $17.90 to $17.60
2014-07-23 Boost Price Target Barclays $20.00 to $24.00
2014-07-09 Boost Price Target SunTrust $17.00 to $19.00
2014-05-22 Reiterated Rating JPMorgan Chase & Co. Overweight $21.50 to $21.00
2014-04-23 Reiterated Rating Barclays Overweight $20.00
2014-04-01 Boost Price Target SunTrust $17.00 to $18.00
2014-03-28 Lower Price Target Cowen and Company $22.00 to $20.00
2014-02-13 Lower Price Target Stifel Nicolaus Buy $25.00 to $21.00
2014-02-12 Reiterated Rating Wunderlich Buy
2014-02-03 Lower Price Target Barclays $22.00 to $21.00
2014-01-30 Downgrade Goldman Sachs Neutral to Sell $16.04 to $17.00
2014-01-09 Downgrade SunTrust Buy to Neutral
2013-12-11 Initiated Coverage KLR Group Accumulate
2013-11-25 Downgrade Susquehanna Positive to Neutral
2013-11-13 Downgrade Raymond James Outperform to Market Perform
2013-11-12 Reiterated Rating SunTrust Buy $25.00 to $23.00
2013-10-02 Boost Price Target SunTrust Buy $23.00 to $25.00
2013-09-24 Initiated Coverage Howard Weil Sector Outperform to Outperform $28.00
2013-09-24 Initiated Coverage Goldman Sachs Neutral
2012-09-24 Reiterated Wunderlich Buy $18 to $22
2011-04-06 Reiterated Stifel Nicolaus Buy $24 to $30
2011-02-24 Reiterated Dahlman Rose Buy $20 to $27
2010-07-02 Initiated CapitalOne southcoast Add $21
2010-03-09 Upgrade Dahlman Rose Hold to Buy $20
2010-03-01 Upgrade KeyBanc Capital Mkts Hold to Buy $19
2009-08-25 Downgrade UBS Buy to Neutral
2009-06-04 Downgrade Argus Buy to Hold
2009-05-14 Reiterated Credit Suisse Neutral $16 to $14
2009-03-19 Initiated Dahlman Rose Hold
2009-03-16 Downgrade Credit Suisse Outperform to Neutral
2016-06-15 Upgrade Stifel Nicolaus Sell to Hold
2016-04-26 Initiated Coverage KeyBanc Overweight to Sector Weight
2016-04-26 Initiated Coverage KeyCorp Overweight to Sector Weight
2016-03-31 Reiterated Rating Stifel Nicolaus Sell
2016-02-22 Downgrade Johnson Rice Accumulate to Hold

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Funds

In DNR 0 funds of 2213 total. Show all

Fund name Ticker shares

Major Shareholders

Name Relationship Total Shares Holding stocks
GREENE RONALD G 1.00%  (3522381) DNR /
RYKHOEK PHIL Chief Executive Officer 0.44%  (1543048) DNR /
Kendall Christian S Chief Operating Officer 0.42%  (1496781) DNR / NBL /
ALLEN MARK C Sr. VP/Chief Financial Officer 0.35%  (1242479) DNR /
Rhoades Alan VP & Chief Accounting Officer 0.12%  (431058) DNR /
Matthews James S. VP, General Counsel & Sec\'y 0.12%  (421925) DNR /
Cornelius Robert L SVP, Comm Dev/Govt/Proj Mnt 0.08%  (275630) DNR /
DECKER MICHAEL B 0.07%  (261934) DNR /
WETTSTEIN WIELAND 0.07%  (260303) DNR /
STEIN RANDY I 0.07%  (230852) BBG / DNR /
McPherson Kenneth Craig SVP, COO 0.06%  (225626) DNR /
Dielwart John 0.05%  (192325) DNR / TESO /
Meyers Kevin Omar 0.05%  (178941) BBG / DNR / HES / HOS /
Gibson Charles SVP, Planning/Tech/CO2 Supply 0.05%  (171214) DNR / MHR /
McMichael Greg 0.04%  (145290) DNR /
SUGG LAURA A 0.04%  (128341) DNR / MUR / WMB /
BEATTY MICHAEL L 0.03%  (105780) DNR / MPLX / MWE /
Kerr Brad SVP - Plan, Tech, CO2 S&P 0.03%  (93197) DNR /
Peterson Lynn A 0.02%  (71911) DNR / KOG / SYRG / WLL /