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Denbury Inc. Stock Research

DEN

79.43USD+1.69(+2.17%)Delayed

Market Summary

USD79.43+1.69
Delayed
2.17%

DEN Alerts

DEN Stock Price

DEN RSI Chart

DEN Valuation

Market Cap

4.1B

Price/Earnings (Trailing)

8.47

Price/Sales (Trailing)

2.37

EV/EBITDA

5.76

Price/Free Cashflow

7.81

DEN Price/Sales (Trailing)

DEN Profitability

EBT Margin

32.37%

Return on Equity

31.33%

Return on Assets

20.63%

Free Cashflow Yield

12.81%

DEN Fundamentals

DEN Revenue

Revenue (TTM)

1.7B

Revenue Y/Y

5.32%

Revenue Q/Q

-13.27%

DEN Earnings

Earnings (TTM)

480.2M

Earnings Y/Y

-37.73%

Earnings Q/Q

-70%

Price Action

52 Week Range

56.59104.05
(Low)(High)

Last 7 days

-7.3%

Last 30 days

-10.4%

Last 90 days

-11.9%

Trailing 12 Months

13.4%

DEN Financial Health

Current Ratio

0.59

Debt/Equity

0.02

Debt/Cashflow

17.96

DEN Investor Care

Shares Dilution (1Y)

0.17%

Diluted EPS (TTM)

8.83

Peers (Alternatives to Denbury)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
2.5T
387.5B
-0.56% -0.91%
25.94
6.37
2.44% -5.35%
2.1T
204.1B
-1.92% -6.89%
30.5
10.08
10.38% -5.25%
1.3T
282.8B
1.63% -25.54%
21.65
4.59
9.78% -21.12%
1.0T
514.0B
-3.36% -34.72%
-376.42
1.99
9.40% -108.16%
MID-CAP
3.6B
258.4M
203.99% 176.76%
-11.9
13.75
24.91% -254.56%
2.3B
9.2B
-18.97% -49.38%
-6.41
0.25
51.67% -98.90%
SMALL-CAP
1.7B
1.7B
-22.36% -14.62%
13.72
0.97
61.79% 371.82%
1.6B
602.5M
-17.77% -52.80%
-2.74
2.63
18.18% -18.59%
1.1B
418.9M
5.51% -56.16%
-2.93
2.57
-9.85% -101.06%
991.7M
478.9M
-11.35% -65.42%
-0.32
2.07
-31.50% -634.70%
954.9M
482.4M
-16.25% -37.64%
-4.12
1.98
33.15% -170.42%
897.6M
50.8M
-34.66% -77.56%
-1.14
17.66
1229.98% -13.59%
788.4M
1.1B
-10.56% -33.33%
27.33
0.72
-5.82% -92.23%
281.8M
10.3M
-24.84% -63.38%
-1.01
27.46
478.23% 7.85%

Financials for Denbury

Income Statement (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Revenue1.1%1,7151,6951,6001,4191,258
  S&GA Expenses8.9%82.0075.0070.0066.0079.00
EBITDA-3.4%710736527269-
EBITDA Margin-4.5%0.41*0.43*0.33*0.19*-
Earnings Before Taxes-5.3%55558637811957.00
EBT Margin-6.4%0.32*0.35*0.24*0.08*-
Interest Expenses6.4%4.004.004.003.004.00
Net Income-8.7%48052635812556.00
Net Income Margin-9.7%0.28*0.31*0.22*0.09*-
Free Cahsflow11.7%521466414355-
Balance Sheet
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Assets3.8%2,3272,2432,1392,0311,903
  Current Assets-17.4%206250282244175
    Cash Equivalents0.4%1.001.001.001.004.00
  Net PPE7.9%1,9321,7901,6681,5981,542
  Current Liabilities-10.3%347387539529407
  Long Term Debt-17.1%29.0035.00---
    LT Debt, Non CurrentInfinity%15.00-35.0035.00-
Shareholder's Equity5.5%1,5331,4531,2691,1381,135
  Retained Earnings18.3%4864101604.005.00
  Additional Paid-In Capital0.4%1,0471,0421,1381,1331,130
Accumulated Depreciation13.4%307271240211181
Shares Outstanding-1.1%51.0052.0052.00--
Cashflow (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Cashflow From Operations11.7%521466414355317
  Share Based Compensation14.5%16.0014.0012.0011.0025.00
Cashflow From Investing-14.8%-427-372-331-259-202
Cashflow From Financing-1.8%-95.28-93.63-94.65-94.68-106
  Buy Backs-34.8%1001530.000.00-

Risks for DEN

What is the probability of a big loss on DEN?

98.8%


Probability that Denbury stock will be more than 20% underwater in next one year

75%


Probability that Denbury stock will be more than 30% underwater in next one year.

56.1%


Probability that Denbury stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does DEN drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Denbury was unfortunately bought at previous high price.

Drawdowns

Returns for DEN

Cumulative Returns on DEN

16.0%


10-Year Cumulative Returns

65.0%


7-Year Cumulative Returns

99.2%


5-Year Cumulative Returns

495.7%


3-Year Cumulative Returns

What are the long-term rolling returns for DEN?

FIve years rolling returns for Denbury.

Annualized Returns

Which funds bought or sold DEN recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-03-10
VICTORY CAPITAL MANAGEMENT INC
added
40.88
15,427,500
52,057,500
0.06%
2023-02-28
Voya Investment Management LLC
added
1.41
38,744
1,736,740
-%
2023-02-27
Parallax Volatility Advisers, L.P.
sold off
-100
-467,000
-
-%
2023-02-24
NATIXIS
sold off
-100
-5,007,000
-
-%
2023-02-22
TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY
unchanged
-
-
19,000
-%
2023-02-21
MACQUARIE GROUP LTD
added
2.16
998,000
35,889,000
0.04%
2023-02-16
DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main
sold off
-100
-760,000
-
-%
2023-02-16
HARBOUR INVESTMENTS, INC.
new
-
3,481
3,481
-%
2023-02-15
ALLIANCEBERNSTEIN L.P.
reduced
-39.76
-22,124,300
34,276,700
0.01%
2023-02-15
JANE STREET GROUP, LLC
added
0.33
4,145
318,145
-%

1–10 of 41

Latest Funds Activity

Are funds buying DEN calls or puts?
Calls
Puts
Are funds bullish or bearish(Calls - Puts)?
Net Call Options
No. of funds that own DEN
No. of Funds

Denbury News

MarketBeat

Brokers Set Expectations for Denbury Inc.'s Q1 2023 Earnings ....

MarketBeat,
14 hours ago

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Schedule 13G FIlings of Denbury

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 14, 2023
goldman sachs group inc
7.8%
3,878,261
SC 13G
Feb 14, 2023
silver point capital l.p.
3.0%
1,495,600
SC 13G/A
Feb 09, 2023
fmr llc
-
0
SC 13G/A
Feb 09, 2023
william blair investment management, llc
3.1%
1,534,216
SC 13G/A
Feb 09, 2023
vanguard group inc
9.67%
4,816,289
SC 13G/A
Jan 31, 2023
blackrock inc.
7.1%
3,556,803
SC 13G/A
Feb 14, 2022
silver point capital l.p.
7.6%
3,819,800
SC 13G
Feb 11, 2022
capital world investors
2.7%
1,365,535
SC 13G/A
Feb 10, 2022
goldentree asset management lp
0.0%
0
SC 13G/A
Feb 10, 2022
william blair investment management, llc
6.7%
3,341,888
SC 13G

DEN Fair Value

Denbury fair value in different scenarios

The table shows the Fair Value estimates for Denbury for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
Fair ValueVery PessimisticPessimisticBase CaseOptimisticVery Optimistic
Very Low Inflation

-

-

-

-

-

-

-

-

-

-
Current Inflation

36.62

-53.90%

43.99

-44.62%

64.33

-19.01%

97.67

22.96%

121.06

52.41%
Very High Inflation

-

-

-

-

-

-

-

-

-

-

Historical Denbury Fair Value Estimates


Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price

Recent SEC filings of Denbury

View All Filings
Date Filed Form Type Document
Mar 15, 2023
4
Insider Trading
Mar 09, 2023
4
Insider Trading
Mar 09, 2023
4
Insider Trading
Mar 09, 2023
4
Insider Trading
Mar 09, 2023
4
Insider Trading
Mar 09, 2023
4
Insider Trading
Mar 09, 2023
4
Insider Trading
Mar 09, 2023
4
Insider Trading
Mar 09, 2023
4
Insider Trading
Mar 09, 2023
4
Insider Trading

Latest Insider Trading transactions for DEN

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-03-13
Jennings Nicole H.
sold
-48,730
78.8511
-618
vice president and cao
2023-03-07
Matthews James S.
sold (taxes)
-53,411
83.98
-636
evp, cao, gc & sec'y
2023-03-07
Yeilding Cindy A
acquired
-
-
1,768
-
2023-03-07
Wiggs Brett
acquired
-
-
1,768
-
2023-03-07
Kendall Christian S
sold (taxes)
-257,399
83.98
-3,065
president and ceo
2023-03-07
Peterson Lynn A
acquired
-
-
1,768
-
2023-03-07
ABATE ANTHONY
acquired
-
-
1,768
-
2023-03-07
Jennings Nicole H.
sold (taxes)
-16,712
83.98
-199
vice president and cao
2023-03-07
Meyers Kevin Omar
acquired
-
-
2,652
-
2023-03-07
ALLEN MARK C
acquired
-
-
8,130
executive vp & cfo

1–10 of 50

Christian S. Kendall
720
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.

DEN Income Statement

2022-12-31
Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended9 Months Ended12 Months Ended
Dec. 31, 2020
Sep. 18, 2020
Dec. 31, 2022
Dec. 31, 2021
Revenues$ 215,903$ 521,693$ 1,704,345$ 1,242,872
Other income4,6978,41910,31415,288
Revenues and other income220,600530,1121,714,6591,258,160
Lease operating expenses101,234250,271502,409424,550
Expenses    
Taxes other than income16,58443,531131,50291,390
General and administrative expenses19,47048,52282,18079,258
Interest, net of amounts capitalized of $4,237, $4,585, $1,261, and $22,885, respectively1,81548,2674,0254,147
Depletion, depreciation, and amortization45,812188,593151,428150,640
Commodity derivatives expense (income)61,902(102,032)178,744352,984
Gain on debt extinguishment0(18,994)00
Write-down of oil and natural gas properties1,006996,658014,377
Reorganization items, net0849,98000
Other expenses8,07235,86816,28410,816
Total expenses273,7842,378,8191,159,6551,201,391
Income (loss) before income taxes(53,184)(1,848,707)555,00456,769
Income tax provision (benefit)(2,526)(416,129)74,844767
Net income (loss)$ (50,658)$ (1,432,578)$ 480,160$ 56,002
Net income (loss) per common share    
Basic (in dollars per share)$ (1.01)$ (2.89)$ 9.34$ 1.10
Diluted (in dollars per share)$ (1.01)$ (2.89)$ 8.83$ 1.04
Weighted average common shares outstanding    
Basic (in shares)50,000495,56051,42750,918
Diluted (in shares)50,000495,56054,35553,818
Oil, natural gas, and related product sales    
Revenues$ 201,108$ 492,101$ 1,578,682$ 1,159,955
Expenses    
Operating expenses10,59527,16420,11228,817
CO2    
Revenues9,41921,04960,57044,175
Expenses    
Operating expenses1,9762,5928,4746,678
Oil marketing revenues    
Revenues5,3768,54365,09338,742
Expenses    
Operating expenses$ 5,318$ 8,399$ 64,497$ 37,734

DEN Balance Sheet

2022-12-31
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Current assets  
Cash and cash equivalents$ 521$ 3,671
Accrued production receivable144,277143,365
Trade and other receivables, net27,34319,270
Derivative assets15,5170
Prepaids18,5729,099
Total current assets206,230175,405
Oil and natural gas properties (using full cost accounting)  
Proved properties1,414,7791,109,011
Unevaluated properties240,435112,169
CO2 properties190,985183,369
Pipelines220,125224,394
CCUS storage sites and related assets64,9710
Other property and equipment107,13393,950
Less accumulated depletion, depreciation, amortization and impairment(306,743)(181,393)
Net property and equipment1,931,6851,541,500
Operating lease right-of-use assets18,01719,502
Intangible assets, net79,12888,248
Restricted cash for future asset retirement obligations47,35946,673
Other assets45,08031,625
Total assets2,327,4991,902,953
Current liabilities  
Accounts payable and accrued liabilities248,800191,598
Oil and gas production payable80,36875,899
Derivative liabilities13,018134,509
Operating lease liabilities4,6764,677
Total current liabilities346,862406,683
Long-term liabilities  
Long-term debt, net of current portion29,00035,000
Asset retirement obligations315,942284,238
Deferred tax liabilities, net71,1201,638
Operating lease liabilities15,43117,094
Other liabilities16,52722,910
Total long-term liabilities448,020360,880
Commitments and contingencies (Note 14)
Stockholders’ equity  
Preferred stock, $0.001 par value, 50,000,000 shares authorized, none issued and outstanding00
Common stock, $0.001 par value, 250,000,000 shares authorized; 49,814,874 and 50,193,656 shares issued, respectively5050
Paid-in capital in excess of par1,047,0631,129,996
Retained earnings485,5045,344
Total stockholders’ equity1,532,6171,135,390
Total liabilities and stockholders’ equity$ 2,327,499$ 1,902,953