Denbury Inc., an independent energy company, focuses on producing oil from mature oil fields in the Gulf Coast and Rocky Mountain regions. 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. As of December 31, 2020, it had 143 million barrels of oil equivalent of estimated proved oil and natural gas reserves. The company was formerly known as Denbury Resources Inc. and changed its name to Denbury Inc. in September 2020. Denbury Inc. was incorporated in 2003 and is headquartered in Plano, Texas.
IPO Year: 2020
Exchange: NYSE
Website: denbury.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 8/28/2023 | $91.00 | Buy → Hold | Jefferies |
| 8/17/2023 | Overweight → Sector Weight | KeyBanc Capital Markets | |
| 7/24/2023 | $140.00 → $86.00 | Buy → Hold | Stifel |
| 7/21/2023 | Accumulate → Hold | Johnson Rice | |
| 6/15/2023 | $96.00 | Neutral | JP Morgan |
| 12/15/2022 | $73.00 | Underperform | BofA Securities |
| 11/22/2022 | $103.00 → $108.00 | Neutral → Buy | ROTH Capital |
| 10/25/2022 | $87.75 → $103.00 | Buy → Neutral | ROTH Capital |
| 10/20/2022 | $146.00 | Buy | Stifel |
| 10/19/2022 | $115.00 | Buy | Jefferies |
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Jefferies downgraded Denbury from Buy to Hold and set a new price target of $91.00
KeyBanc Capital Markets downgraded Denbury from Overweight to Sector Weight
Stifel downgraded Denbury from Buy to Hold and set a new price target of $86.00 from $140.00 previously
Johnson Rice downgraded Denbury from Accumulate to Hold
JP Morgan initiated coverage of Denbury with a rating of Neutral and set a new price target of $96.00
BofA Securities resumed coverage of Denbury with a rating of Underperform and set a new price target of $73.00
ROTH Capital upgraded Denbury from Neutral to Buy and set a new price target of $108.00 from $103.00 previously
ROTH Capital downgraded Denbury from Buy to Neutral and set a new price target of $103.00 from $87.75 previously
Stifel resumed coverage of Denbury with a rating of Buy and set a new price target of $146.00
Jefferies initiated coverage of Denbury with a rating of Buy and set a new price target of $115.00
Denbury Inc. (NYSE:DEN) ("Denbury" or the "Company") today released its second quarter 2023 results. As a result of the Company's pending merger with Exxon Mobil Corporation ("ExxonMobil"), Denbury will not be hosting a webcast / conference call, which had previously been scheduled to take place tomorrow, August 4, nor posting supplemental materials regarding its quarterly results or future outlook. KEY 2Q HIGHLIGHTS Second quarter 2023 net cash provided by operating activities totaled $142 million, and adjusted cash flows from operations(1) totaled $129 million. Capital expenditures, excluding capitalized interest, totaled $132 million, and equity invest
Denbury Inc. (NYSE:DEN) ("Denbury" or the "Company") today announced it will release its financial and operational results for the second quarter of 2023 after the close of U.S. financial markets on Thursday, August 3rd. The Company will host a live webcast to review its results on Friday, August 4th, at 11:00 a.m. CDT. Denbury's earnings release, supplemental materials, and webcast will be accessible on its Investor Relations website at investors.denbury.com. A webcast replay will be accessible on the same website shortly after the live event. About Denbury Denbury is an independent energy company with operations and assets focused on Carbon Capture, Utilization, and Storage ("CCUS")
Denbury Inc. (NYSE:DEN) ("Denbury" or the "Company") today announced it will release its financial and operational results for the first quarter of 2023 after the close of U.S. financial markets on Wednesday, May 3rd. The Company will host a live webcast to review its results on Thursday, May 4th, at 11:00 a.m. CDT. Denbury's earnings release, supplemental materials, and webcast will be accessible on its Investor Relations website at investors.denbury.com. A webcast replay will be accessible on the same website shortly after the live event. About Denbury Denbury is an independent energy company with operations and assets focused on Carbon Capture, Utilization, and Storage ("CCUS") and
Denbury Inc. (NYSE:DEN) ("Denbury" or the "Company") today announced it will release its financial and operational results for the fourth quarter of fiscal year 2022, before market open on Thursday, February 23, 2023. In addition, Denbury will provide its initial outlook for 2023, including projections for oil & gas production and costs, as well as capital expectations for both its oil & gas and CCUS operations. Denbury will host a webcast to review these matters on the same day as noted below. What: Denbury Inc. Fourth Quarter 2022 Results and 2023 Outlook Webcast When: Thursday, February 23rd at 11:00 a.m. CST / 12:00 p.m. EST Webcast & Supplemental Data: investors.denbury.com A webcast
Cumulative CO2 transport & storage agreements now total 20 MMTPA Denbury Inc. (NYSE:DEN) ("Denbury" or the "Company") today provided its third quarter 2022 financial and operating results. FINANCIAL AND OPERATIONAL HIGHLIGHTS Third quarter 2022 net cash flows provided by operating activities totaled $156 million, and adjusted cash flows from operations(1), excluding working capital changes, totaled $156 million. Generated $47 million of free cash flow(1) during the third quarter and $153 million year-to-date. Repurchased $71 million of the Company's outstanding shares in the third quarter (total of $100 million of shares repurchased in 2022). Delivered sales volumes of 47,109 barr
Denbury Inc. (NYSE:DEN) ("Denbury" or the "Company") plans to issue its Third Quarter 2022 financial and operating results prior to the market opening on Thursday, November 3, 2022. On the same day, the Company is scheduled to host a webcast and conference call at 11:00 a.m. Central Time (12 p.m. Eastern Time). The presentation webcast will be available, both live and for replay, on the Investor Relations page of the Company's website at www.denbury.com. Individuals who would like to participate in the conference call should dial in shortly before the scheduled start time. What: Denbury 3Q 2022 Results Date: Thursday, November 3, 2022 Time: 11:00 a.m. Central Time (12 p.m
Board authorizes $100 million increase in share repurchase program to $350 million Denbury Inc. (NYSE:DEN) ("Denbury" or the "Company") today provided its second quarter 2022 financial and operating results. HIGHLIGHTS Second quarter 2022 cash flows provided by operating activities totaled $150 million, and adjusted cash flows from operations(1), excluding working capital changes, totaled $145 million. Generated $55 million of free cash flow(1) during the second quarter and $106 million year-to-date. Repurchased $100 million of the Company's shares (3.2% of March 2022 shares outstanding) in June and July 2022 at $61.92 per share, with $29 million repurchased in the second quarter.
Denbury Inc. (NYSE:DEN) ("Denbury" or the "Company") plans to issue its second quarter 2022 financial and operating results prior to the market opening on Thursday, August 4, 2022. On the same day, the Company is scheduled to host a webcast and conference call at 11:00 a.m. Central Time (12 p.m. Eastern Time). The presentation webcast will be available, both live and for replay, on the Investor Relations page of the Company's website at www.denbury.com. Individuals who would like to participate in the conference call should dial in shortly before the scheduled start time. What: Denbury 2Q 2022 Results Date: Thursday, August 4, 2022 Time: 11:00 a.m. Central Time (12
Generates Cash Flow Well Above Plan; Authorizes Share Repurchase Program Carbon Solutions Agreements Solidify CCUS Leadership Position Denbury Inc. (NYSE:DEN) ("Denbury" or the "Company") today provided its first quarter 2022 financial and operating results. FIRST QUARTER AND RECENT HIGHLIGHTS First quarter 2022 cash flows provided by operating activities totaled $90 million. Adjusted cash flows from operations(1) of nearly $131 million represent a 62% increase from the first quarter of 2021. Generated $51 million in free cash flow(1) during the first quarter of 2022. Commenced carbon dioxide ("CO2") injection at the Cedar Creek Anticline ("CCA") enhanced oil recovery ("EOR") pro
Denbury Inc. (NYSE:DEN) ("Denbury" or the "Company") plans to issue its first quarter 2022 financial and operating results prior to the market opening on Thursday, May 5, 2022. On the same day, the Company is scheduled to host a webcast and conference call at 11:00 a.m. Central Time (12 p.m. Eastern Time). The presentation webcast will be available, both live and for replay, on the Investor Relations page of the Company's website at www.denbury.com. Individuals who would like to participate in the conference call should dial in shortly before the scheduled start time. What: Denbury 1Q 2022 Results Date: Thursday, May 5, 2022 Time: 11:00 a.m. Central Time (12 p.m. Eastern Time)
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OVERLAND PARK, KS / ACCESSWIRE / November 2, 2023 / TortoiseEcofin today announced that Denbury Inc. (NYSE:DEN) will be removed from the Tortoise Recycling Decarbonization IndexSM (RCYCL) and the Tortoise Recycling Decarbonization UCITSSM Index (RECYCLE), as a result of the approved acquisition by Exxon Mobil Corp (NYSE:XOM). Due to the acquisition, DEN will be removed from both indices at market open on Friday, November 3, 2023.As per index methodology, special rebalancing is not required for either of the indices and the deleted constituent's weight will be distributed pro-rata to remaining index constituents.About TortoiseEcofinTortoiseEcofin focuses on essential assets - those assets and
Exxon Mobil Corporation (NYSE:XOM) today announced it has closed its acquisition of Denbury Inc. (NYSE:DEN) in an all-stock transaction valued at $4.9 billion, or $89.45 per share, based on ExxonMobil's closing price on July 12, 2023. Under the terms of the agreement, Denbury shareholders will receive 0.84 shares of ExxonMobil for each Denbury share. "This transaction is a major step forward in the profitable growth of our Low Carbon Solutions business," Chairman and CEO Darren Woods said. "Our expertise, combined with Denbury's talent and CO2 pipeline network, expands our low-carbon leadership and best positions us to meet the decarbonization needs of industrial customers while also redu
Denbury Inc. (NYSE:DEN) ("Denbury") today announced that, at its Special Meeting of Stockholders held earlier today, Denbury stockholders voted to approve its merger with Exxon Mobil Corporation ("ExxonMobil") (NYSE:XOM). As previously announced, under the terms of the merger agreement, ExxonMobil will acquire all of the outstanding shares of Denbury at an exchange ratio of 0.84 shares of ExxonMobil for each Denbury share. According to preliminary results, Denbury stockholders approved the transaction with more than 75% of the total shares outstanding and 99% of the shares voted in support of the merger. The final voting results of Denbury's Special Meeting will be reported in a Form 8-K
Denbury Inc. (NYSE:DEN) ("Denbury") today announced the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (the "HSR Act"), with respect to the previously-announced agreement for ExxonMobil to acquire all outstanding shares of Denbury at an exchange ratio of 0.84 shares of ExxonMobil for each Denbury share. The expiration of the HSR Act waiting period occurred at 11:59 p.m. EDT on September 11, 2023, which was a condition to the closing of the pending transaction. Completion of the transaction is subject to the satisfaction of the remaining customary closing conditions, including approval by Denbury stockholders. The transaction is
Denbury Inc. (NYSE:DEN) ("Denbury" or the "Company") today released its second quarter 2023 results. As a result of the Company's pending merger with Exxon Mobil Corporation ("ExxonMobil"), Denbury will not be hosting a webcast / conference call, which had previously been scheduled to take place tomorrow, August 4, nor posting supplemental materials regarding its quarterly results or future outlook. KEY 2Q HIGHLIGHTS Second quarter 2023 net cash provided by operating activities totaled $142 million, and adjusted cash flows from operations(1) totaled $129 million. Capital expenditures, excluding capitalized interest, totaled $132 million, and equity invest
NEW YORK, July 15, 2023 (GLOBE NEWSWIRE) -- Great Ajax Corporation (NYSE:AJX) Lifshitz Law PLLC announces an investigation into possible breach of fiduciary duties in connection with the sale of AJX to Ellington Financial Inc. for 0.5308 shares of Ellington Financial Inc. common stock for each share of AJX common stock owned. If you are an AJX investor, and would like additional information about our investigation, please complete the Information Request Form or contact Joshua Lifshitz, Esq. by telephone at (516)493-9780 or e-mail at [email protected]. American Equity Investment Life Holding Company (NYSE:AEL) Lifshitz Law PLLC announces an investigation into possible br
Combined assets and capabilities further accelerate ExxonMobil's Low Carbon Solutions business and create an even more compelling customer decarbonization proposition Leading CCS network underpins ExxonMobil's commitment to low carbon value chains including CCS, hydrogen, ammonia, biofuels, and direct air capture Transaction synergies expected to enable more than 100 MTA of emissions reductions over time, driving strong growth and returns Exxon Mobil Corporation (NYSE:XOM) today announced it has entered into a definitive agreement to acquire Denbury Inc. (NYSE:DEN), an experienced developer of carbon capture, utilization and storage (CCS) solutions and enhanced oil recovery. The a
Denbury Inc. (NYSE:DEN) ("Denbury" or the "Company") today announced it will release its financial and operational results for the second quarter of 2023 after the close of U.S. financial markets on Thursday, August 3rd. The Company will host a live webcast to review its results on Friday, August 4th, at 11:00 a.m. CDT. Denbury's earnings release, supplemental materials, and webcast will be accessible on its Investor Relations website at investors.denbury.com. A webcast replay will be accessible on the same website shortly after the live event. About Denbury Denbury is an independent energy company with operations and assets focused on Carbon Capture, Utilization, and Storage ("CCUS")
Lapis Energy, LP ("Lapis") announced today that it has formed a joint venture with a subsidiary of Denbury Inc. (NYSE:DEN, "Denbury"))) to design, implement, and operate a carbon dioxide ("CO2") sequestration ("CCS") project at Lapis Energy's 14,000-acre carbon storage site located in St Charles Parish, Louisiana, approximately 20 miles west of New Orleans. Each party will have a 50 percent interest in a newly formed project company, Libra CO2 Storage Solutions LLC ("Libra"). Under the Libra transaction structure, Lapis will lead implementation of the project for Libra through the Class VI permitting process, pre-FID phase and initial construction, with Denbury assuming operatorship and lat
Denbury and Lapis Energy Form JV to Develop CO2 Sequestration Project in St. Charles Parish Denbury Inc. (NYSE:DEN) ("Denbury" or the "Company") announced today that it has formed a joint venture with Lapis Energy, LP ("Lapis") to design, implement, and operate a carbon dioxide ("CO2") sequestration project at Lapis Energy's 14,000-acre site located in St. Charles Parish, Louisiana, approximately 20 miles west of New Orleans. Each party will have a 50 percent interest in a newly formed project company, Libra CO2 Storage Solutions LLC ("Libra"). The joint venture partners believe that the site has the potential to store at least 200 million metric tons of CO2 and, due to its close proximit
PLANO, Texas, April 26, 2021 (GLOBE NEWSWIRE) -- In order to further advance the Company's strategic vision and direction for its Carbon Capture, Use and Storage (CCUS) business, Denbury Inc. (NYSE:DEN) ("Denbury" or the "Company") today announced the appointment of Nikulas Wood as Senior Vice President. Mr. Wood will head the Denbury Carbon Solutions team and report directly to Denbury Chief Executive Officer, Chris Kendall. The Denbury Carbon Solutions team was formed in January 2020 to advance Denbury's leadership in the anticipated high-growth CCUS industry, leveraging the Company's unique capabilities and assets that were developed over the last 20-plus years through its focus on CO2
PLANO, Texas, March 16, 2021 (GLOBE NEWSWIRE) -- Denbury Inc. (NYSE: DEN) (“Denbury” or the “Company”) today announced the appointment of Cindy A. Yeilding to its Board of Directors (“Board”) effective March 16, 2021. Ms. Yeilding brings extensive energy and technical expertise to Denbury’s Board, including a deep understanding of the emerging Carbon Capture, Use, and Storage (“CCUS”) industry. Ms. Yeilding will serve as a member of the Board’s Sustainability Committee and Nominating/Corporate Governance Committee. Following Ms. Yeilding’s appointment, the Board will be comprised of eight directors, seven of whom are independent. “We are thrilled to have Cindy join the Denbury Board