Last $7.17 USD
Change Today +0.37 / 5.44%
Volume 22.6M
DNR On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 12/17/14 All times are local (Market data is delayed by at least 15 minutes).

denbury resources inc (DNR) Snapshot

Open
$6.83
Previous Close
$6.80
Day High
$7.40
Day Low
$6.79
52 Week High
06/23/14 - $18.59
52 Week Low
12/16/14 - $6.04
Market Cap
2.5B
Average Volume 10 Days
18.2M
EPS TTM
$1.05
Shares Outstanding
352.6M
EX-Date
11/21/14
P/E TM
6.8x
Dividend
$0.25
Dividend Yield
3.49%
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.

1,502 Employees
Last Reported Date: 11/7/14
Founded in 1951

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 Announces New Credit Facility

Denbury Resources Inc. announced that it has entered into a new five-year revolving credit facility which amends and restates the Company's prior facility that was set to mature in May 2016. This new amended and restated revolving credit facility has a maximum facility size of $3.5 billion and an initial borrowing base of $3 billion. The company elected to maintain the aggregate lender commitments at $1.6 billion to be consistent with the Company's prior facility. The Facility provides for an annual redetermination of the borrowing base around May 1 of each year and permits the Company to increase the aggregate lender commitments up to the borrowing base amount with approval and incremental commitments from the existing lenders or new lenders. The facility also reduces borrowing costs by 25 basis points on the drawn spread, provides for a lower interest rate on the undrawn spread, and grants Denbury the option to release all collateral upon the receipt of a single investment grade rating. The Facility was provided by a syndicate of 24 financial institutions including JPMorgan Chase Bank, N.A., as administrative agent, and Bank of America, N.A. and Wells Fargo Bank, National Association as co-syndication agents.

Denbury Resources Seeks Acquisitions

Denbury Resources Inc. (NYSE:DNR) will consider acquisitions. Mark Allen, Senior Vice President, Chief Financial Offcer, Treasurer, and Assistant Secretary said, "In addition to our cash flow, our other liquidity is primarily our bank facility. Today that's $1.6 billion. We believe it could be significantly higher than that based on our borrowing base, if we wanted to. We try to keep that relatively free and give us open and available liquidity also to potentially fund acquisitions in the short term, if they were to come along."

Denbury Resources Inc. Provides Production and Capital Spending Guidance for 2015

Denbury Resources Inc. announced that it will cut its capital spending in half and is targeting "relatively flat" production for the 2015. The company reduces 2015 capital spending to a level that believe can maintain production and build liquidity to further enhance solid financial position, thereby making more funds available to take advantage of future opportunities.

 

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Industry Analysis

DNR

Industry Average

Valuation DNR Industry Range
Price/Earnings 6.7x
Price/Sales 0.9x
Price/Book 0.4x
Price/Cash Flow 2.5x
TEV/Sales NM Not Meaningful
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