NYSE:DEN

Stock Analysis Report

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Executive Summary

Denbury Resources Inc. operates as an independent oil and natural gas company in the United States. More Details

Rewards

Earnings are forecast to grow 106.6% per year

Risk Analysis

No risks detected for DEN from our risk checks.


Snowflake Analysis

Adequate balance sheet with moderate growth potential.


Similar Companies

Share Price & News

How has Denbury's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: DEN is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: Insufficient data to determine DEN's volatility change over the past year.


Market Performance


7 Day Return

11.3%

DEN

10.7%

US Oil and Gas

2.8%

US Market


1 Year Return

n/a

DEN

-31.1%

US Oil and Gas

19.7%

US Market

Return vs Industry: Insufficient data to determine how DEN performed against the US Oil and Gas industry.

Return vs Market: Insufficient data to determine how DEN performed against the US Market.


Shareholder returns

DENIndustryMarket
7 Day11.3%10.7%2.8%
30 Day23.0%27.9%8.0%
90 Dayn/a10.1%6.8%
1 Yearn/a-26.5%-31.1%22.4%19.7%
3 Yearn/a-31.4%-40.8%47.3%37.5%
5 Yearn/a-23.6%-38.8%93.6%72.3%

Long-Term Price Volatility Vs. Market

How volatile is Denbury's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Denbury undervalued compared to its fair value and its price relative to the market?

0.95x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: DEN ($20.83) is trading above our estimate of fair value ($3.46)

Significantly Below Fair Value: DEN is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: DEN is unprofitable, so we can't compare its PE Ratio to the US Oil and Gas industry average.

PE vs Market: DEN is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate DEN's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: DEN's PB Ratio (0.9x) is in line with the US Oil and Gas industry average.


Next Steps

Future Growth

How is Denbury forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

106.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: DEN is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.2%).

Earnings vs Market: DEN is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: DEN's is expected to become profitable in the next 3 years.

Revenue vs Market: DEN's revenue is expected to decline over the next 3 years (-1.1% per year).

High Growth Revenue: DEN's revenue is forecast to decline over the next 3 years (-1.1% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if DEN's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Denbury performed over the past 5 years?

64.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: DEN is currently unprofitable.

Growing Profit Margin: DEN is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: DEN is unprofitable, but has reduced losses over the past 5 years at a rate of 64.4% per year.

Accelerating Growth: Unable to compare DEN's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: DEN is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (-29.6%).


Return on Equity

High ROE: DEN has a negative Return on Equity (-128.1%), as it is currently unprofitable.


Next Steps

Financial Health

How is Denbury's financial position?


Financial Position Analysis

Short Term Liabilities: DEN's short term assets ($180.1M) do not cover its short term liabilities ($291.4M).

Long Term Liabilities: DEN's short term assets ($180.1M) do not cover its long term liabilities ($288.3M).


Debt to Equity History and Analysis

Debt Level: DEN's debt to equity ratio (7.7%) is considered satisfactory.

Reducing Debt: DEN's debt to equity ratio has reduced from 158.5% to 7.7% over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable DEN has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: DEN is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 3.4% per year.


Next Steps

Dividend

What is Denbury current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate DEN's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate DEN's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if DEN's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if DEN's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of DEN's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.3yrs

Average management tenure


CEO

Chris Kendall (53 yo)

3.33yrs

Tenure

US$5,084,220

Compensation

Mr. Christian S. Kendall, also known as Chris, has been Chief Executive Officer of Denbury Resources Inc. since July 01, 2017 and has been its President since October 3, 2016. Mr. Kendall served as the Chi...


CEO Compensation Analysis

Compensation vs Market: Chris's total compensation ($USD5.08M) is above average for companies of similar size in the US market ($USD2.56M).

Compensation vs Earnings: Chris's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Christian Kendall
President3.33yrsUS$5.08mno data
Mark Allen
Executive VP11.42yrsUS$2.85m0%
$ 0
James Matthews
Executive VP2.92yrsUS$1.86m0%
$ 0
David Sheppard
Senior Vice President of Operations2.92yrsno datano data
Alan Rhoades
VP & Chief Accounting Officer11.33yrsno data0%
$ 0
Matthew Dahan
Senior Vice President of Business Development & Technology2.92yrsno datano data
Steve McLaurin
VP & Chief Information Officer9.83yrsno datano data
John Mayer
Director of Investor Relationsno datano datano data
Jenny Cochran
Senior Vice President of Human Resources3.42yrsno datano data
John Filiatrault
Senior Vice President of CO2 Supply and Pipeline Operations2.92yrsno datano data

3.3yrs

Average Tenure

53yo

Average Age

Experienced Management: DEN's management team is considered experienced (3.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Christian Kendall
President3.33yrsUS$5.08mno data
Kevin Meyers
Independent Director9.33yrsUS$263.27k0%
$ 0
James Chapman
Director0.17yrno datano data
Lynn Peterson
Independent Director3.5yrsUS$227.88k0%
$ 0
Caroline Angoorly
Director0.17yrno datano data
Brett Wiggs
Director0.17yrno datano data
Anthony Abate
Director0.17yrno datano data

0.2yrs

Average Tenure

57yo

Average Age

Experienced Board: DEN's board of directors are not considered experienced ( 0.2 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: DEN only recently listed within the past 12 months, with total shares outstanding growing by -89.4% in the past year..


Top Shareholders

Company Information

Denbury Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Denbury Inc.
  • Ticker: DEN
  • Exchange: NYSE
  • Founded: 2003
  • Industry: Oil and Gas Exploration and Production
  • Sector: Energy
  • Market Cap: US$1.012b
  • Shares outstanding: 50.00m
  • Website: https://www.denbury.com

Number of Employees


Location

  • Denbury Inc.
  • 5320 Legacy Drive
  • Plano
  • Texas
  • 75024
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
DENNYSE (New York Stock Exchange)YesNew Common StockUSUSDSep 2020

Biography

Denbury Resources Inc. operates as an independent oil and natural gas company in the United States. It holds interests in various oil and natural gas properties located in Mississippi, Texas, and Louisiana...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/26 00:04
End of Day Share Price2020/11/25 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.