Denbury Inc. (NYSE:DEN – Get Rating) has been assigned an average recommendation of “Moderate Buy” from the ten ratings firms that are covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating and eight have assigned a buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $96.09.
Several research firms have weighed in on DEN. Bank of America lowered Denbury from a “neutral” rating to an “underperform” rating and cut their target price for the company from $107.00 to $71.00 in a report on Tuesday, July 19th. MKM Partners restated a “buy” rating and set a $75.00 target price on shares of Denbury in a report on Wednesday, July 20th. Finally, US Capital Advisors restated an “overweight” rating on shares of Denbury in a report on Tuesday, June 14th.
Denbury Trading Up 1.6 %
Shares of NYSE:DEN opened at $86.86 on Friday. Denbury has a 1 year low of $56.59 and a 1 year high of $93.95. The business has a fifty day simple moving average of $74.61 and a 200 day simple moving average of $73.00. The firm has a market cap of $4.32 billion, a price-to-earnings ratio of 13.34, a P/E/G ratio of 0.53 and a beta of 3.07.
Institutional Investors Weigh In On Denbury
Institutional investors have recently added to or reduced their stakes in the company. Captrust Financial Advisors grew its position in Denbury by 31.8% during the second quarter. Captrust Financial Advisors now owns 527 shares of the company’s stock worth $32,000 after buying an additional 127 shares in the last quarter. FNY Investment Advisers LLC acquired a new stake in Denbury during the first quarter worth about $46,000. Meeder Asset Management Inc. acquired a new stake in Denbury during the first quarter worth about $80,000. CSS LLC IL acquired a new stake in Denbury during the fourth quarter worth about $204,000. Finally, Mackenzie Financial Corp grew its position in Denbury by 8.0% during the first quarter. Mackenzie Financial Corp now owns 3,180 shares of the company’s stock worth $250,000 after buying an additional 235 shares in the last quarter.
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.
- Get a free copy of the StockNews.com research report on Denbury (DEN)
- Oil and Gas Stocks: A Safe Way to Invest in Renewable Energy
- When Will the Hangover Finally Be Over for Seagate Technology?
- Are These Green Energy Companies Right For Your Portfolio?
- Does Enphase Energy Have the Juice to Keep Powering Higher?
- The One Hydrogen Fuel Cell Stock To Rule Them All
Receive News & Ratings for Denbury Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Denbury and related companies with MarketBeat.com's FREE daily email newsletter.