NYSE:DNR

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.


Snowflake Analysis

Proven track record and fair value.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: DNR's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-20.1%

DNR

2.5%

US Oil and Gas

4.0%

US Market


1 Year Return

-77.0%

DNR

-39.9%

US Oil and Gas

5.0%

US Market

Return vs Industry: DNR underperformed the US Oil and Gas industry which returned -39.9% over the past year.

Return vs Market: DNR underperformed the US Market which returned 4.9% over the past year.


Shareholder returns

DNRIndustryMarket
7 Day-20.1%2.5%4.0%
30 Day-23.2%-15.8%-1.1%
90 Day33.3%18.9%21.1%
1 Year-77.0%-77.0%-37.1%-39.9%7.2%5.0%
3 Year-81.6%-81.6%-30.9%-38.2%36.0%27.1%
5 Year-94.6%-94.7%-36.3%-46.7%65.3%46.9%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

0.42x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate DNR's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate DNR's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: DNR is good value based on its PE Ratio (0.4x) compared to the Oil and Gas industry average (8.3x).

PE vs Market: DNR is good value based on its PE Ratio (0.4x) compared to the US market (16.5x).


Price to Earnings Growth Ratio

PEG Ratio: DNR's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: DNR is good value based on its PB Ratio (0.1x) compared to the US Oil and Gas industry average (0.7x).


Next Steps

Future Growth

How is Denbury Resources forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

-83.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: DNR's earnings are forecast to decline over the next 3 years (-83% per year).

Earnings vs Market: DNR's earnings are forecast to decline over the next 3 years (-83% per year).

High Growth Earnings: DNR's earnings are forecast to decline over the next 3 years.

Revenue vs Market: DNR's revenue is expected to decline over the next 3 years (-21.1% per year).

High Growth Revenue: DNR's revenue is forecast to decline over the next 3 years (-21.1% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: DNR is forecast to be unprofitable in 3 years.


Next Steps

Past Performance

How has Denbury Resources performed over the past 5 years?

60.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: DNR has high quality earnings.

Growing Profit Margin: DNR's current net profit margins (26.1%) are higher than last year (18.2%).


Past Earnings Growth Analysis

Earnings Trend: DNR has become profitable over the past 5 years, growing earnings by 60% per year.

Accelerating Growth: DNR's earnings growth over the past year (22.4%) is below its 5-year average (60% per year).

Earnings vs Industry: DNR earnings growth over the past year (22.4%) exceeded the Oil and Gas industry -17.5%.


Return on Equity

High ROE: Whilst DNR's Return on Equity (21.26%) is high, this metric is skewed due to their high level of debt.


Next Steps

Financial Health

How is Denbury Resources's financial position?


Financial Position Analysis

Short Term Liabilities: DNR's short term assets ($256.9M) do not cover its short term liabilities ($258.7M).

Long Term Liabilities: DNR's short term assets ($256.9M) do not cover its long term liabilities ($2.9B).


Debt to Equity History and Analysis

Debt Level: DNR's debt to equity ratio (142.4%) is considered high.

Reducing Debt: DNR's debt to equity ratio has increased from 65.3% to 142.4% over the past 5 years.

Debt Coverage: DNR's debt is well covered by operating cash flow (23.2%).

Interest Coverage: DNR's interest payments on its debt are well covered by EBIT (5.6x coverage).


Balance Sheet


Next Steps

Dividend

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


Dividend Yield vs Market

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

High Dividend: Unable to evaluate DNR'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 DNR's dividends per share have been stable in the past.

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


Current Payout to Shareholders

Dividend Coverage: DNR is not paying a notable dividend for the US market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of DNR'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?

3.0yrs

Average management tenure


CEO

Chris Kendall (53yo)

3yrs

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 ($USD5.08M) is above average for companies of similar size in the US market ($USD606.53K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Christian Kendall
President3yrsUS$5.08m0.28% $385.1k
Mark Allen
Executive VP11.08yrsUS$2.85m0.23% $318.7k
James Matthews
Executive VP2.58yrsUS$1.86m0.081% $112.3k
David Sheppard
Senior Vice President of Operations2.58yrsno datano data
Alan Rhoades
VP & Chief Accounting Officer11yrsno data0.074% $102.7k
Matthew Dahan
Senior Vice President of Business Development & Technology2.58yrsno datano data
Steve McLaurin
VP & Chief Information Officer9.5yrsno datano data
John Mayer
Director of Investor Relationsno datano datano data
Jenny Cochran
Senior Vice President of Human Resources3.08yrsno datano data
John Filiatrault
Senior Vice President of CO2 Supply and Pipeline Operations2.58yrsno datano data

3.0yrs

Average Tenure

53yo

Average Age

Experienced Management: DNR's management team is considered experienced (3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Christian Kendall
President3yrsUS$5.08m0.28% $385.1k
Michael Decker
Independent Director12.58yrsUS$231.41k0.075% $103.9k
Kevin Meyers
Independent Director9yrsUS$263.27k0.058% $80.7k
Randy Stein
Independent Director15.5yrsUS$280.70k0.069% $95.2k
John Dielwart
Independent Chairman & Presiding Director4.33yrsUS$328.51k0.061% $84.4k
Lynn Peterson
Independent Director3.17yrsUS$227.88k0.037% $50.7k
Mary VanDeWeghe
Independent Director1.33yrsUS$236.49k0.019% $26.0k
Gregory McMichael
Independent Director15.58yrsUS$271.75k0.041% $57.3k

6.7yrs

Average Tenure

66.5yo

Average Age

Experienced Board: DNR's board of directors are considered experienced (6.7 years average tenure).


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: Shareholders have been diluted in the past year, with total shares outstanding growing by 9.3%.


Top Shareholders

Company Information

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


Key Information

  • Name: Denbury Resources Inc.
  • Ticker: DNR
  • Exchange: NYSE
  • Founded: 2003
  • Industry: Oil and Gas Exploration and Production
  • Sector: Energy
  • Market Cap: US$138.341m
  • Shares outstanding: 494.07m
  • Website: https://www.denbury.com

Number of Employees


Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
DNRNYSE (New York Stock Exchange)YesCommon StockUSUSDFeb 1984
HGJDB (Deutsche Boerse AG)YesCommon StockDEEURFeb 1984
0I8ALSE (London Stock Exchange)YesCommon StockGBUSDFeb 1984

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 in the Gulf Coast region; and in Montana, North Dakota, and Wyoming in the Rocky Mountain region. As of December 31, 2019, the company had 230.2 million barrels of oil equivalent of estimated proved oil and natural gas reserves. Denbury Resources Inc. was incorporated in 2003 and is headquartered in Plano, Texas. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/07/05 23:49
End of Day Share Price2020/07/02 00:00
Earnings2020/03/31
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.