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The Best and Worst Upstream Companies by Year-to-Date Returns

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Part 10
The Best and Worst Upstream Companies by Year-to-Date Returns PART 10 OF 13

The Fourth-Worst-Performing Upstream Stock Year-to-Date

Denbury Resources’ year-to-date performance

On December 1, 2017, Denbury Resources (DNR) was the fourth-worst-performing stock in 2017 from the oil and gas production—or upstream—sector in the US. Year-to-date, DNR has fallen sharply strongly from its year-end 2016 close of $3.68 to $1.91 on December 1, 2017, which was a significant decrease of ~48.0%.

Year-to-date, Denbury Resources has widely underperformed crude oil (USO), natural gas (UNG), and the SPDR S&P Oil & Gas Exploration & Production ETF (XOP). Year-to-date, crude oil has risen ~9.0% whereas natural gas has fallen ~18.0%.

The Fourth-Worst-Performing Upstream Stock Year-to-Date

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Year-to-date, XOP has fallen ~12.0%. In comparison, the SPDR S&P 500 ETF (SPY) has risen ~18.0%, and the SPDR Dow Jones Industrial Average ETF (DIA) has risen ~23.0% in 2017.

Denbury Resources’ revenues and earnings

In 9M17, Denbury Resources (DNR) reported revenues of ~$803.0 million—about 14.0% higher than its 9M16 revenues of ~$703.0 million. Despite higher revenues, DNR reported a steep decline in net income in 9M17 when compared with 9M16.

In 9M17, Denbury Resources reported a net profit of ~$8.0 million, an increase from its net profit of ~$21.0 million in 9M16. DNR’s free cash flows have fallen ~11.0% in 9M17 when compared with 9M16.

Next, we’ll compare year-to-date returns from Whiting Petroleum (WLL) with the broader market and energy commodities. We’ll also analyze WLL’s fundamental metrics.

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