Last $8.38 USD
Change Today -0.56 / -6.26%
Volume 11.4M
DNR On Other Exchanges
Symbol
Exchange
New York
As of 8:04 PM 02/26/15 All times are local (Market data is delayed by at least 15 minutes).

denbury resources inc (DNR) Snapshot

Open
$8.73
Previous Close
$8.94
Day High
$8.83
Day Low
$8.32
52 Week High
06/23/14 - $18.59
52 Week Low
12/16/14 - $6.04
Market Cap
3.0B
Average Volume 10 Days
14.0M
EPS TTM
$1.00
Shares Outstanding
352.6M
EX-Date
02/20/15
P/E TM
8.4x
Dividend
$0.25
Dividend Yield
2.98%
Current Stock Chart for DENBURY RESOURCES INC (DNR)

denbury resources inc (DNR) Related Businessweek News

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denbury resources inc (DNR) Details

Denbury Resources Inc. operates as an oil and natural gas company in the United States. The company primarily focuses on enhanced oil recovery utilizing carbon dioxide. Its properties are located in Mississippi, Texas, Louisiana, and Alabama in the Gulf Coast region; and in Montana, North Dakota, and Wyoming in the Rocky Mountain region. As of December 31, 2013, it had 468.3 million barrels of oil equivalent of estimated proved oil and natural gas reserves. The company was founded in 1951 and is headquartered in Plano, Texas.

denbury resources inc (DNR) Top Compensated Officers

Chief Executive Officer, President, Interim C...
Total Annual Compensation: $1.3M
Chief Financial Officer, Senior Vice Presiden...
Total Annual Compensation: $813.4K
Senior Vice President, General Counsel and Se...
Total Annual Compensation: $623.2K
Compensation as of Fiscal Year 2013.

denbury resources inc (DNR) Key Developments

Denbury Resources Inc. Announces Unaudited Consolidated Earnings and Operating Results for the Fourth Quarter and Full Year Ended December 31, 2014; Reaffirms Production and Capital Expenditures Guidance for the Full Year 2015

Denbury Resources Inc. announced unaudited consolidated earnings and operating results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported adjusted net income increased by $2 million on a sequential-quarter basis and decreased by $7 million when compared to the prior-year fourth quarter. The change versus prior-year was primarily due to 2014 fourth quarter decreases in oil revenues as a result of lower realized prices and increases in depletion, depreciation and amortization, largely offset by settlements on commodity derivatives and lower lease operating expenses. Total revenues and other income was $483,684,000 compared to $599,122,000 a year ago. Income before income taxes was $581,200,000 compared to $129,774,000 a year ago. Net income was $363,633,000 or $1.04 per diluted share compared to $89,992,000 or $0.25 per slited share a year ago. Adjusted cash flow from operations (non-GAAP measure) was $349,803,000 compared to $316,192,000 a year ago. Cash flow from operations (GAAP measure) was $337,728,000 compared to $340,392,000 a year ago. Total capital expenditures were $311,262,000 compared to $300,326,000 a year ago. Non-GAAP adjusted cash flow from operations was due primarily to a $43 million benefit for current income taxes. Lower prices reduced cash inflows by roughly $161 million this quarter. Effective income tax rate for fourth quarter was slightly below estimated statutory rate of 38%. For the full year, the company reported adjusted net income was $365 million, or $1.04 per diluted share. Adjusted net income decreased by $174 million compared to the same measure in 2013, primarily due to decreases in oil revenues as a result of lower realized prices, as well as increases in DD&A, interest expense, and lease operating expenses in the same year. Total revenues and other income was $2,435,205,000 compared to $2,517,127,000 a year ago. Income before income taxes was $1,022,557,000 compared to $642,380,000 a year ago. Net income was $635,491,000 or $1.81 per diluted share compared to $409,597,000 or $1.11 per diluted share a year ago. Adjusted cash flow from operations (non-GAAP measure) was $1,268,810,000 compared to $1,271,787,000 a year ago. Cash flow from operations (GAAP measure) was $1,222,825,000 compared to $1,361,195,000 a year ago. Total capital expenditures was $1,074,845,000 compared to $2,175,716,000 a year ago. For the quarter, the company reported total tertiary oil production of 41,873 BOE/d compared to 38,603 BOE/d a year ago. Total non-tertiary production was 33,002 BOE/d compared to 32,863 BOE/d a year ago. Total production was 74,875 BOE/d compared to 71,466 BOE/d a year ago. For the full year, the company reported total tertiary oil production of 41,079 BOE/d compared to 38,477 BOE/d a year ago. Total non-tertiary production was 33,353 BOE/d compared to 31,766 BOE/d a year ago. Total production was 74,432 BOE/d compared to 70,243 BOE/d a year ago. The company reaffirmed production and capital expenditures guidance for the full year 2015. For the full year, the company expected tertiary production to be in the range of 42,100 BOE/d to 43,700 BOE/d. Total production is expected to be 72,500 BOE/d to 75,500 BOE/d. For the full year 2015, the company’s capital spending budget remains at $550 million, unchanged from its previous guidance. The company anticipates effective tax rate will be between 38% and 39%, with the current tax representing around 5% or less of total taxes.

Denbury Resources Inc. Announces Quarterly Cash Dividend Payable on March 31, 2015

Denbury Resources Inc. announced that its Board of Directors has declared a quarterly cash dividend of $0.0625 per common share, a rate of $0.25 per share on an annualized basis, payable March 31, 2015, to shareholders of record as of the close of business on February 24, 2015. This dividend rate is unchanged from the company's prior quarterly dividend rate but lower than the company's previously planned $0.40 per share annualized dividend rate for 2015 that was discussed during the company's November 2014 analyst day presentation.

Denbury Resources Inc. Presents at JPMorgan Global High Yield & Leveraged Finance Conference, Feb-24-2015 04:40 PM

Denbury Resources Inc. Presents at JPMorgan Global High Yield & Leveraged Finance Conference, Feb-24-2015 04:40 PM. Venue: Loews Hotel, Miami Beach, Florida, United States. Speakers: Mark C. Allen, Chief Financial Officer, Senior Vice President, Treasurer and Assistant Secretary.

 

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DNR

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Valuation DNR Industry Range
Price/Earnings 4.9x
Price/Sales 1.3x
Price/Book 0.6x
Price/Cash Flow 2.6x
TEV/Sales NM Not Meaningful
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