Denbury Inc. (NYSE:DEN) Receives Average Recommendation of “Moderate Buy” from Analysts

Denbury Inc. (NYSE:DENGet 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.

Denbury (NYSE:DENGet Rating) last announced its quarterly earnings data on Thursday, August 4th. The company reported $1.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.63 by $0.06. Denbury had a return on equity of 23.55% and a net margin of 22.38%. The business had revenue of $482.16 million during the quarter, compared to analyst estimates of $408.55 million. During the same period last year, the company earned $0.61 earnings per share. Denbury’s quarterly revenue was up 60.0% compared to the same quarter last year. On average, sell-side analysts forecast that Denbury will post 6.95 EPS for the current year.

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.

About Denbury

(Get Rating)

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.

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Analyst Recommendations for Denbury (NYSE:DEN)

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