DNR News

Denbury Resources (DNR) delivered earnings and revenue surprises of 20.00% and -13.96%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?

KlaymanToskes ("KT"), www.klaymantoskes.com, announced today that it is investigating the damages sustained during the Coronavirus ("COVID-19") pandemic by employees and investors who held large positions in Denbury Resources (NYSE:DNR) stock at full-service brokerage firms. Investment portfolios holding large positions can carry significant downside risks. The investigation focuses on full-service brokerage firms’ negligence and mismanagement of large positions that resulted in employees and investors suffering substantial losses.

Lower lease operating expenses aids Denbury's (DNR) Q1 earnings.

It is not uncommon to see companies perform well in the years after insiders buy shares. On the other hand, we'd be...

Denbury Resources (DNR) intends to defer the Cedar Creek Anticline CO2 tertiary flood development project beyond 2020 to preserve liquidity.

Investors need to pay close attention to Denbury (DNR) stock based on the movements in the options market lately.

Just because oil prices have started going up doesn't mean the worst is over for these companies.

Bonds of hard-hit oil and gas companies such as Occidental Petroleum, Antero Resources , WPX Energy, HighPoint Resources and Western Midstream Partners rose in price on Thursday after the Federal Reserve announced it would expand its Main Street Lending Facility to larger and riskier companies affected by the coronavirus pandemic. In afternoon trade, seven of the 10 biggest upward movers in the U.S. corporate bond market were oil and gas companies, according to MarketAxess data. WPX Energy's 5.75% June 2026 bond was up 6.7% on the day, last trading at 88 cents on the dollar.

PLANO, Texas, May 18, 2020 -- Denbury Resources Inc. (NYSE: DNR) (“Denbury” or the “Company”) today announced its first quarter 2020 financial and operating results. FIRST.

With me on the call are Chris Kendall, our President and Chief Executive Officer; Mark Allen, our Executive Vice President and Chief Financial Officer; and David Sheppard, our Senior Vice President of Operations. Before we begin, I want to point out that we have slides, which will accompany today's discussion.

Denbury Resources Inc, a U.S. energy producer which specializes in bolstering well productivity with carbon dioxide, has hired investment bank Evercore Inc to advise on managing its $2.3 billion debt pile, people familiar with the matter said. Denbury has been struggling with plummeting oil prices and economic fallout of the coronavirus pandemic. The Plano, Texas-based company has tapped Evercore for advice on handling its debt, the sources said, stressing a debt restructuring is not imminent.

Let's see if Denbury (DNR) stock is a good choice for value-oriented investors right now from multiple angles.

Oil prices imploded earlier this year, which has decimated many oil stocks. Things have gotten so bad that several have already declared bankruptcy. Four that seem to be likely bankruptcy candidates this year are Borr Drilling (NYSE: BORR), California Resources (NYSE: CRC), Denbury Resources (NYSE: DNR), and Oasis Petroleum (NYSE: OAS).

PLANO, Texas, May 15, 2020 -- Denbury Resources Inc. (NYSE: DNR) (“Denbury” or the “Company”) today announced that it will issue its first quarter 2020 financial and operating.

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) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Shares of Denbury Resources (NYSE:DNR) rose 15.1% after the company reported Q1 results.Quarterly Results Earnings per share decreased 40.00% year over year to $0.06, which beat the estimate of $0.02.Revenue of $242,201,000 declined by 20.71% year over year, which missed the estimate of $256,380,000.Guidance Earnings guidance hasn't been issued by the company for now.View more earnings on DNRDenbury Resources hasn't issued any revenue guidance for the time being.Price Action 52-week high: $1.95Company's 52-week low was at $0.16Price action over last quarter: down 64.64%Company Profile Denbury Resources focuses on injecting carbon dioxide to enhance production from mature, conventional fields. At the end of 2018, the company reported net proved reserves of 262 million barrels of oil equivalent. Net production averaged 60 thousand barrels of oil equivalent per day in 2018 at a ratio of 97% oil and 3% natural gas.See more from Benzinga * 14 Energy Stocks Moving In Monday's Pre-Market Session * 11 Energy Stocks Moving In Wednesday's Pre-Market Session * 13 Energy Stocks Moving In Tuesday's Pre-Market Session(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Celebrations may be in order for Denbury Resources Inc. (NYSE:DNR) shareholders, with the analysts delivering a...

Today we'll look at Denbury Resources Inc. (NYSE:DNR) and reflect on its potential as an investment. In particular...

No stockholders or guests will be able to attend the Annual Meeting in person. Stockholders of record on March 31, 2020, will be able to attend the virtual Annual Meeting by going to www.virtualshareholdermeeting.com/DNR2020 and entering the control number found on their proxy card. Stockholders may access the meeting platform beginning at 7:55 A.M. CDT on May 28, 2020.