Macroaxis Stories

Will Denbury Resources continue to go crazy?

June 3, 2019  By
This post is geared to all Denbury Resources management as well as to investors considering exiting their position in the enterprise. I will evaluate if Denbury Resources shares are sensibly priced going into July and whether management should be worried. The company current daily volatility is 5.4 percent, with beta of 0.0 and alpha of 0.0 over S&P 500. Macroaxis considers Denbury Resources to be abnormally volatile. Denbury Resources secures Sharpe Ratio (or Efficiency) of -0.1669 which denotes the organization had -0.1669% of return per unit of risk over the last 1 month. Macroaxis philosophy towards predicting risk of any stock is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators. Denbury Resources exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Denbury Resources Coefficient Of Variation of (783.75) and Mean Deviation of 4.12 to check risk estimate we provide.
Published over a year ago
View all stories for Denbury Resources | View All Stories

Reviewed by Michael Smolkin

Denbury Resources has 2.82B in debt with debt to equity (D/E) ratio of 251.7 . This implies that the stock may be unable to create cash to meet all of its financial commitments. This firm dividends can provide a clue to current valuation of the stock. Denbury Resources is not expected to issue dividends this year as it trying to preserve or re-invest any of the funds available for distribution to stakeholders. Lets now check Denbury Resources Gross Profit. According to company disclosure Denbury Resources reported 981.09M of gross profit. This is 99.18% lower than that of the Energy sector, and 69.67% lower than that of Oil & Gas E&P industry, The Gross Profit for all stocks is 96.42% higher than Denbury Resources.

How important is Denbury Resources's Liquidity

Denbury Resources financial leverage refers to using borrowed capital as a funding source to finance Denbury Resources ongoing operations. It is usually used to expand the firm's asset base and generate returns on borrowed capital. Denbury Resources financial leverage is typically calculated by taking the company's all interest-bearing debt and dividing it by total capital. So the higher the debt-to-capital ratio (i.e., financial leverage), the riskier the company. Financial leverage can amplify the potential profits to Denbury Resources' owners, but it also increases the potential losses and risk of financial distress, including bankruptcy, if the firm cannot cover its debt costs. The degree of Denbury Resources' financial leverage can be measured in several ways, including by ratios such as the debt-to-equity ratio (total debt / total equity), equity multiplier (total assets / total equity), or the debt ratio (total debt / total assets). Please check the breakdown between Denbury Resources's total debt and its cash.

How is Denbury allocating its cash?

To perform a cash flow analysis of Denbury Resources, investors first need to understand how to read the cash flow statement. A cash flow statement shows the amount of cash Denbury Resources is receiving and how much cash it distributes out in a given period. The Denbury Resources cash flow statement breaks down these inflows and outflows into different buckets, including operating activities, investing activities, and financing activities.

Breaking it down a bit more

The big decline in price over the last few months for Denbury Resources could raise concerns from investors as the firm closed today at a share price of 1.4 on 10779825.000 in volume. The company executives failed to add value to investors and positioning the firm components to exploit market volatility in May. However, diversifying your holdings with Denbury Resources or any similar stocks can still protect your portfolios during high-volatility market scenarios. The stock standard deviation of daily returns for 30 days (very short) investing horizon is currently 5.4048. The very high volatility is mostly attributed to the latest market swings and not very good earning reports from some ot the Denbury Resources partners. Denbury Resources preserves 5.75m of cash and equivalents. Denbury Resources is selling for 1.44. This is 4 percent decrease. Today highest was 1.515. Denbury Resources Net Cash Flow or Change in Cash and Cash Equivalents is relatively stable at the moment. Denbury Resources Weighted Average Shares Diluted is increasing over the last 5 years. Furthermore, Denbury Resources Investments Current is increasing over the last 5 years. The latest value of Denbury Resources Investments Current is 117,814,000.
 2012 2013 2014 2015 2018 (projected)
Denbury Resources Current Assets 1,542,754,000  414,559,000  812,680,000  343,169,000  308,852,100 
Denbury Resources Total Assets 11,139,342,000  11,788,737,000  12,727,802,000  5,885,533,000  5,296,979,700 
Current AssetsTotal Assets
To conclude, we belive that Denbury Resources is currently undervalued with average probability of distress in the next two years. Our immediate buy-sell advice on the enterprise is Sell.

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.

Try AI Portfolio Architect

Editorial Staff

Rifka Kats is a Member of Macroaxis Editorial Board. Rifka writes about retail product and service companies from the perspective of a regular consumer and sophisticated investor at the same time. She is passionate about corporate ethics and equality in the workforce. View Profile
This story should be regarded as informational only and should not be considered a solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC. Macroaxis LLC and Rifka Kats do not own shares of Denbury Resources. Please refer to our Terms of Use for any information regarding our disclosure principles.

Would you like to provide feedback on the content of this article?

You can get in touch with us directly or send us a quick note via email to editors@macroaxis.com