Plano, TX 75024. The company, which has a market capitalization of about $4 billion, has been working with an adviser to evaluate strategic options, said the people, who asked not to be identified because they werent authorized to speak publicly. If you have an ad-blocker enabled you may be blocked from proceeding. Denbury (NYSE:DEN) stock is catching the attention of investors on Thursday following a report that the U.S. oil company is considering a strategic sale. Denbury is a premier carbon solutions company focused on the development of Enhanced Oil Recovery ("EOR") and Carbon Capture, Utilization, and Storage ("CCUS") operations in the Rocky Mountain and Gulf Coast regions. According to the report, Denbury is currently working with an advisor to explore strategic options. On the date of publication, William White did not hold (either directly or indirectly) any positions in the securities mentioned in this article. View our Operations The Denbury 2022 Corporate Responsibility Report View Report Sustainability Compare that to the stocks' returns: Not that you should invest solely based on past returns; we all understand the caveats around that. The Plano, Texas-based firm, which has a $3.9 billion market cap, is working with an adviser to consider its strategic options, Bloomberg reported. Caso continue recebendo esta mensagem, Never had a problem with anybody loved it. Your cookie preferences will be stored in your browsers local storage. This knowledge comes from anonymous insiders that spoke with Bloomberg yesterday. Access advanced stock screeners, portfolio monitoring tools, proprietary research reports, and more. As we see in this chart, the price of oil fell almost. Denbury is leading the way in solving this problem by reducing atmospheric carbon dioxide (CO2) Other potential buyers could include oil. Ci & Prod. Article printed from InvestorPlace Media, https://investorplace.com/2022/08/den-stock-alert-what-to-know-as-denbury-explores-strategic-sale/. Cultivate an engaged following online with content recorded by this $150 drone two-pack. Denbury does not currently pay a dividend. VP, Chief Admin. 2023 InvestorPlace Media, LLC. During the same quarter in the previous year, the firm posted $0.76 EPS. Is this happening to you frequently? Aiutaci a proteggere Glassdoor dimostrando che sei una persona reale. Denbury is a rewarding place to work with opportunities for career advancement and professional growth. Si continas viendo este mensaje, All three are components of the SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA: XOP). Our EOR solutions are able to increase oil recovery by 10% to 20% of the original oil in place. governance performance. Sr. VP of CO2 Supply and Pipeline Operations. The company declined to comment when contacted by Reuters. This page (NYSE:DNR) was last updated on 4/25/2023 by MarketBeat.com Staff. Our environmental, social and governance policies reflect our commitment to responsibly meet the worlds energy needs. Get daily stock ideas from top-performing Wall Street analysts. Dear AAPL Stock Fans, Mark Your Calendars for Sept. 7, Shopify CEO Tobias Ltke Just Bought Coinbase (COIN) Stock, Why NIO Stock Will Continue Heading Downward, Louis Navellier and the InvestorPlace Research Staff, How to Invest: The No. Additionally, you can freely decide and change any time whether you accept cookies or choose to opt out of cookies to improve website's performance, as well as cookies used to display content tailored to your interests. The firm, led by President and Chief Executive. All rights reserved. We are sorry for the inconvenience. Please. to let us know you're having trouble. an. A representative for Denbury declined to comment. The Plano, Texas-based firm, which has a $3.9 billion market cap, is working with an adviser to consider its strategic options, Bloomberg reported. Counsel & Sec. Since then, DEN shares have increased by 7.3% and is now trading at $93.38. 2023-02-23 - Heres a roundup of the latest E&P headlines, including NOPSEMA approval of the Dorado project offshore Western Australia and new contract awards in the upstream oil and gas industry. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Aqualung Carbon Capture Announces Denbury as Strategic Investor, Denbury Announces New CCUS Agreements and Provides 2023 CCUS Goals, Denbury (DEN) Lags Q4 Earnings and Revenue Estimates, Denbury (NYSE:DEN) Is Very Good At Capital Allocation, Denbury to Report Fourth Quarter 2022 Results and Provide 2023 Outlook on February 23rd. Join thousands of other investors who make better investing decisions with our premium tools. Denbury is an independent oil and natural gas company with operations focused in two key operating areas: the Gulf Coast and Rocky Mountain regions. Your experience of the site and the services we are able to offer may be impacted if you do not accept all cookies. About 95% of carbon capture and storage capacity in the U.S. is for EOR, according to data from the Global CCS Institute last year. Thu, 08/18/2022 - 04:05 AM. Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation. These cookies serve ads that are relevant to your interests. The P/E ratio of Denbury is 10.54, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 123.94. 2023-04-24 - Heres a roundup of the latest E&P headlines, including the Pierce Field starting production after upgrades, a subsea-tieback project going online and some new discoveries in the upstream oil and gas industry. Golf's Greatest Holes: Golfing legend Paul McGinley takes television presenter Chris Hollins on a tour of the best golf courses in Ireland and Northern Ireland. Our advanced technical capabilities and unmatched pipeline network are strategic advantages. Denbury Inc. 5851 Legacy Circle, Suite 1200. 2023 Benzinga.com. Only 0.02% of the stock of Denbury is held by insiders. Please enable Cookies and reload the page. Denbury is declining to comment on the reports. Is Denbury Inc. (NYSE:DEN) Trading At A 27% Discount? 2023-02-27 - Heres a roundup of the latest E&P headlines, including BPs latest plans for the GTA2 development offshore West Africa and prequalification for a jacket and platform for projects offshore U.K. in the upstream oil and gas industry. With Fed Decision Looming, Economy and Markets Wait Google Stock Concerned About AI? The company had revenue of $381.20 million for the quarter, compared to analysts' expectations of $386.50 million. Denbury's Q4 production nicked by December storms, view top-rated stocks among Wall Street analysts, Horizon Kinetics Energy and Remediation ETF (NVIR), SPDR S&P Oil & Gas Exploration & Production ETF (XOP), Changebridge Long/Short Equity ETF (CBLS), Direxion Daily S&P Oil & Gas Exp. enva un correo electrnico a Please disable your ad-blocker and refresh. Last week, media outlets reported that the company is considering a sale. Carbon Capture, Utilization, and Storage (CCUS), and Enhanced Oil Recovery (EOR). Bloomberg Daybreak Europe, anchored live from London, tracks breaking news in Europe and around the world. The firm's revenue was up 5.3% on a year-over-year basis. Does Denbury (NYSE:DEN) Deserve A Spot On Your Watchlist? Based on an average daily volume of 624,800 shares, the days-to-cover ratio is currently 8.6 days. para informarnos de que tienes problemas. Denbury Carbon Solutions focuses on capturing, transporting and The Company's goal is to increase the value of its properties through a combination of exploitation, drilling and proven engineering extraction practices, with the most significant emphasis . Investors looking for more recent stock market news are going to want to stick around! For Thursday, that includes whats happening with Aerojet Rocketdyne(NYSE:AJRD) stock, reports of the next Apple(NASDAQ:AAPL) event date and an interesting buyer of Coinbase(NASDAQ:COIN) stock. Real-time analyst ratings, insider transactions, earnings data, and more. strategy. You have already added five stocks to your watchlist. The company can be reached via phone at 972-673-2000, via email at ir@denbury.com, or via fax at 972-673-2150. CCA and CCUS provide massive future growth potential for Denbury. Our oil producing assets and our robust CO2 network are T: 972.673.2000 E: info@denbury.com. stewards of our investors trust and work to enhance shareholder value with a measured and returns-focused Denbury refuses to comment on the recent reports. When you visit any website, it may store or retrieve information on your browser, mostly in the form of cookies. Bull 2x Shares (GUSH), First Trust Mid Cap Growth AlphaDEX Fund (FNY), iShares U.S. Oil & Gas Exploration & Production ETF (IEO) and Avantis U.S. Small Cap Value ETF (AVUV). Unlike the S&P 500 large-cap index, the total market index includes large-, mid-, small-, and micro-cap stocks. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.comPublishing Guidelines. Denbury Resources Inc, a U.S. energy producer which specializes in bolstering well productivity with carbon dioxide, has hired investment bank Evercore Inc to advise on managing its $2.3 billion . It went from living high on the hog, to survival mode within a matter of months. We are good In the past three months, Denbury insiders have sold more of their company's stock than they have bought. Denbury (DEN) has been the subject of recent speculation, including a Bloomberg report in August that the company was exploring options including a possible sale. What happened As of 11:36 p.m. EST on Nov. 14, shares of independent oil producer Denbury Resources Inc. ( DNR) are up just under 8%, having retreated from earlier trading, when the stock price. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. Denbury filed for Chapter 11 bankruptcy protection in 2020, but restructured and was re-listed on the NYSE in September of that year. Q1 2023 EPS Estimates for Denbury Inc. (NYSE:DEN) Increased by Analyst, Capital One Financial Weighs in on Denbury Inc.'s Q2 2023 Earnings (NYSE:DEN), Stifel Nicolaus Trims Denbury (NYSE:DEN) Target Price to $138.00, Capital One Financial Equities Analysts Reduce Earnings Estimates for Denbury Inc. (NYSE:DEN), Denbury Inc. (NYSE:DEN) Receives $103.83 Consensus Target Price from Analysts, Denbury Inc. (NYSE:DEN) Expected to Post Q1 2023 Earnings of $1.51 Per Share, Denbury Resources (DNR) Stock Rallying with Oil Prices, Investors one-year returns in Denbury (NYSE:DEN) have not grown faster than the company's underlying earnings growth, Oil companies line up for billions of dollars in subsidies under US climate law. Upgrade to MarketBeat All Access to add more stocks to your watchlist. However, analysts have a "hold" rating on the stock, and are expecting a 12.07% downside over the next 12 to 18 months, according to MarketBeat analyst data. Our advanced technical capabilities and unmatched pipeline network are strategic advantages. Denbury's stock was trading at $87.02 at the start of the year. excuses voor het ongemak. Get short term trading ideas from the MarketBeat Idea Engine. Benzinga does. enviando un correo electrnico a did not hold (either directly or indirectly) any positions in the securities mentioned in this article. contact@marketbeat.com per informarci del problema. Most recently, the company received the U.S. Bankruptcy Court for the Southern District of Texas' confirmation of its pre-packaged restructuring plan. If you continue to see this Both earnings and rumors of a sale are driving the increases. message, please email We use cookies to offer you the best possible website experience. Our sustainability efforts focus on environmental, social and Stabilization in crude prices could give bidders confidence to launch a takeover of Denbury (DEN), the report said. Sustainability is central to our business strategy. Our daily ratings and market update email newsletter. As of this writing, over 850,000 shares have changed hands. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Officer, Gen. Apache Corporation. How were Denbury's earnings last quarter? The company's operations are focused in . See what's happening in the market right now with MarketBeat's real-time news feed. Both earnings and rumors of. Another strong performer within the exploration and production sub-industry is Antero Resources (NYSE: AR), which is trading higher since reporting earnings in late July. The official website for the company is www.denbury.com. Denbury was named one of the Top 100 Places to Work in DFW for 7 consecutive years. Wenn The company 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. Now, Her Multi-Million-Dollar Company Sells It for More Than $20 an Ounce. Overview 120 Reviews 12 Jobs 144 Salaries 10 Interviews 63 Benefits -- Photos 15 Diversity + Add a Review Denbury Resources Reviews Updated Mar 5, 2023 Find Reviews Clear All Full-time, Part-time English Filter Found 107 of over 120 reviews Sort Popular Popular COVID-19 Related Highest Rating Lowest Rating Abundant energy is essential to our economy, our security and our way of lifebut the same energy that powers our world can also contribute to climate change if we dont take measures to responsibly reduce carbon dioxide (CO2) emissions. 326 E 8th St #105, Sioux Falls, SD 57103 This ETF tracks the index of the same name, comprised of the oil and gas exploration and production segment of the S&P total market index. We are committed to responsibly meeting the worlds energy needs, while making a positive impact on our society, the Kate Stalter Reuters. Antero is also among the top 10 most heavily weighted. Lamentamos pelo inconveniente. Should I buy or sell Denbury stock right now? Investors in DEN stock looking for more information are out of luck right now. 2017, Denbury Resources Inc. . If you have an ad-blocker enabled you may be blocked from proceeding. COPYRIGHT 2022 DENBURY INC. ALL RIGHTS RESERVED, Denbury Plans to Release First Quarter 2023 Results on May 3rd, Denbury Announces New CCUS Agreements and Provides 2023 CCUS Goals. Interested parties can register for or listen to the call using this link. The company reported $1.48 earnings per share for the quarter, missing analysts' consensus estimates of $1.61 by $0.13. According to analysts' consensus price target of $103.57, Denbury has a forecasted upside of 10.9% from its current price of $93.38. Denbury's stock is owned by a variety of institutional and retail investors. The company missed earnings views but beat expectations on the top line. The company's average rating score is 2.75, and is based on 7 buy ratings, no hold ratings, and 1 sell rating. Get MarketBeat All Access Free for 30 Days (Ad), How to Invest in the Top Grocery Stocks for This Year, Array Technologies Brings Solar Flare To 2023 Earnings Forecast, Best Bank Stocks to Invest in Ahead of Rising Interest Rates, Mondelez International Pricing Power Takes It To New Highs, Dont Chase Church & Dwight Higher; Let The Price Come To You, Rollins Pest Control Needs to be in Your Watchlist, Demand For Public Safety Technologies Drives Motorola's Growth, Stifel Nicolaus Raises Denbury (NYSE:DEN) Price Target to $140.00, Earnings Preview: Denbury (DEN) Q1 Earnings Expected to Decline, Get MarketBeat All Access Free for 30 Days, Denbury Inc. (NYSE:DEN) Receives $102.50 Average PT from Analysts, Q2 2023 EPS Estimates for Denbury Inc. Denbury's operations include oil and gas development, as well as CO 2 transportation and storage, including planned sites for future carbon sequestration. Weve got all of the latest stock news traders need to know about with our daily coverage of the market. Denbury Resources' mailing address is 5320 Legacy Drive, Plano TX, 75024. Oil company Denbury Inc. is exploring options including putting itself up for sale, Bloomberg News reported on Aug. 17, citing people with knowledge of the matter. Denbury Inc. was incorporated in 2003 and is headquartered in Plano, Texas. Opting out of AddThis cookies will remove your ability to view and use this widget. Meanwhile, fellow explorer and producer Comstock Resources (NYSE: CRK) is outperforming the broader market, as well as its industry as a whole. Export data to Excel for your own analysis. Exec. Decreased by Analyst (NYSE:DEN), Equities Analysts Offer Predictions for Denbury Inc.'s Q1 2023 Earnings (NYSE:DEN), Denbury Plans to Release First Quarter 2023 Results on May 3rd. View which stocks are hot on social media with MarketBeat's trending stocks report. There were rumors last year that Exxon was interested in acquiring Denbury Resources ( DEN -0.49%). Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. American Consumer News, LLC dba MarketBeat 2010-2023. the largest EOR resource the company has ever developed. Denbury Resources has already warned investors that it might not be able to continue as a going concern. Because we respect your right to privacy, you can choose not to allow some types of cookies. para nos informar sobre o problema. The company is reportedly weighing strategic options with an advisor. Nasdaq Denbury Inc. is an independent energy company with operations and assets focused on carbon capture, use, and storage ("CCUS") and enhanced oil recovery ("EOR") in the Gulf Coast and Rocky Mountain regions. All rights reserved. The stock bolted 19.87% higher in July, and has tacked on another 28.56% so far in August. It was among several companies in its industry that restructured its debt as a result of lower prices and reduced demand, especially at the beginning of Covid lockdowns. The stock is up more than 17% since then. Instead, Denbury simply says it does not comment on speculation.. The official website for the company is www.denbury.com. Owner Relations. Identify stocks that meet your criteria using seven unique stock screeners. The independent oil. Revenue of $482.16 million trounced views of $408.55 million.

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