Last $16.00 USD
Change Today -0.10 / -0.62%
Volume 3.3M
DNR On Other Exchanges
Symbol
Exchange
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As of 8:04 PM 09/17/14 All times are local (Market data is delayed by at least 15 minutes).

denbury resources inc (DNR) Snapshot

Open
$16.16
Previous Close
$16.10
Day High
$16.26
Day Low
$15.96
52 Week High
11/5/13 - $19.61
52 Week Low
02/20/14 - $15.56
Market Cap
5.6B
Average Volume 10 Days
3.8M
EPS TTM
$1.21
Shares Outstanding
352.3M
EX-Date
08/22/14
P/E TM
13.2x
Dividend
$0.25
Dividend Yield
1.17%
Current Stock Chart for DENBURY RESOURCES INC (DNR)

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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.

1,563 Employees
Last Reported Date: 08/7/14
Founded in 1951

denbury resources inc (DNR) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $1.3M
Chief Financial Officer, Senior Vice Presiden...
Total Annual Compensation: $813.4K
Chief Operating Officer and Senior Vice Presi...
Total Annual Compensation: $841.5K
Senior Vice President, General Counsel and Se...
Total Annual Compensation: $623.2K
Compensation as of Fiscal Year 2013.

denbury resources inc (DNR) Key Developments

U.S. District Court for the Eastern District of New York Dismisses Claims Against Denbury Resources

The U.S. District Court for the Eastern District of New York dismissed as untimely under an applicable statute of repose securities fraud claims brought by shareholders against a Denbury Resources Inc. and its officers arising from statements made by the defendants in connection with a corporate merger. Shareholders in Denbury Resources Inc. sued the company and certain of its officers, alleging securities fraud arising from Denbury's October 31, 2009, merger with Encore Acquisition Co. The complaint alleged the registration and proxy statements disseminated by Denbury contained material misstatements and omissions. In a prior order, the district court denied the defendants' motion to dismiss. The court, after finding that because no individual defendant was able to vote on the merger, held the plaintiffs lacked standing to assert a claim of the Securities and Exchange Act of 1934. The plaintiffs moved to amend the complaint to reassert a claim with a new plaintiff who allegedly had standing.

Denbury Resources Inc. Reports Unaudited Consolidated Earnings and Production Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Production and Capital Expenditure Guidance for the Full Year of 2014

Denbury Resources Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, total revenues and other income was $672,120,000 against $650,084,000 a year ago. Loss before income taxes was $88,064,000 against income before income taxes of $211,306,000 a year ago. Net loss was $55,200,000 or $0.16 per basic and diluted share against net income of $129,980,000 or $0.35 per basic and diluted share a year ago. Adjusted net income (non-GAAP measure) was $92,674,000 against $150,746,000 a year ago. Adjusted cash flow from operations (non-GAAP measure) was $314,131,000 against $308,938,000 a year ago. Cash flow from operations (GAAP measure) was $329,847,000 against $437,568,000 a year ago. Capital expenditures, total were $277,101,000 against $360,962,000 a year ago. For the six months, total revenues and other income was $1,313,864,000 against $1,233,170,000 a year ago. Income before income taxes was $5,039,000 against $353,241,000 a year ago. Net income was $3,110,000 or $0.01 per basic and diluted share against $217,551,000 or $0.58 per diluted share a year ago. Adjusted net income (non-GAAP measure) was $181,674,000 against $274,146,000 a year ago. Adjusted cash flow from operations (non-GAAP measure) was $602,815,000 against $624,684,000 a year ago. Cash flow from operations (GAAP measure) was $544,705,000 against $706,744,000 a year ago. Capital expenditures, total was $497,724,000 against $1,653,436,000 a year ago. Total debt was $3,637,676,000. For the quarter, oil production (daily - net of royalties) was 71,051 barrels against 69,895 barrels a year ago. Gas production (daily - net of royalties) was 25,614 mcf against 24,945 mcf a year ago. For the six months, oil production (daily - net of royalties) was 70,446 barrels against $64,764 barrels a year ago. Gas production (daily - net of royalties) was 24,463 mcf against 25,210 mcf a year ago. For the full year of 2014, the company now estimates total annual production volumes should average slightly below the low end of its prior estimated range of 76,500 BOE/d. Denbury's full-year 2014 capital expenditure budget is now estimated at $1.1 billion, down $25 million from the previously estimated amount of $1.125 billion. The capital budget consists of $1.0 billion of tertiary, non-tertiary, and CO(2) supply and pipeline projects, plus approximately $100 million of estimated capitalized costs (including capitalized internal acquisition, exploration and development costs; capitalized interest; and pre-production start-up costs associated with new tertiary floods). The $25 million reduction in the capital budget is primarily due to decreases in estimated capitalized interest and pre-production tertiary start-up costs. Of this combined capital expenditure amount, $498 million (approximately 45%) has been spent through the first six months of 2014. Based on year-to-date capital expenditures and reductions in the company's capital costs, spending on planned 2014 capital projects could come in below $1.1 billion, potentially allowing the Company to accelerate a portion of future capital spending into 2014. For the remainder of 2014, The compoany continue to expect depletion, depreciation and amortization rate to remain between $21 and $22 per BOE. The company anticipates effective tax rate will be between 37% and 38% with current taxes representing between 10% and 15% of total taxes, which is down from previous estimate of between 15% and 20% due to the tax benefits derived from recent debt refinancing.

Denbury Resources Inc. Presents at Barclays CEO Energy-Power Conference, Sep-04-2014 01:05 PM

Denbury Resources Inc. Presents at Barclays CEO Energy-Power Conference, Sep-04-2014 01:05 PM. Venue: The Sheraton NY Hotel & Towers, 811 Seventh Ave, New York City, NY 10019, United States. Speakers: Kenneth Craig McPherson, Chief Operating Officer and Senior Vice President, Phil Rykhoek, Chief Executive Officer, President and Director.

 

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