Denbury (NYSE:DEN) Stock Price Up 5.8%

Denbury Inc. (NYSE:DEN) shares were up 5.8% during trading on Wednesday . The company traded as high as $71.15 and last traded at $70.82. Approximately 7,502 shares changed hands during mid-day trading, a decline of 99% from the average daily volume of 852,511 shares. The stock had previously closed at $66.95.

A number of research analysts have recently commented on DEN shares. Stifel Nicolaus started coverage on Denbury in a report on Thursday, June 24th. They issued a “buy” rating and a $93.00 price objective on the stock. Roth Capital downgraded Denbury from a “buy” rating to a “neutral” rating and increased their price objective for the company from $57.00 to $78.75 in a report on Wednesday, July 7th. Siebert Williams Shank started coverage on Denbury in a report on Friday, June 11th. They issued a “buy” rating and a $100.00 price objective on the stock. KeyCorp increased their price objective on Denbury from $82.00 to $86.00 and gave the company an “overweight” rating in a report on Thursday, June 24th. Finally, Zacks Investment Research upgraded Denbury from a “hold” rating to a “strong-buy” rating and set a $82.00 price objective on the stock in a report on Friday, July 9th. One analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Denbury currently has a consensus rating of “Buy” and an average price target of $81.25.

The business has a 50 day moving average of $67.96 and a 200-day moving average of $60.87. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.39 and a current ratio of 0.39.

Denbury (NYSE:DEN) last posted its quarterly earnings data on Thursday, August 5th. The company reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.12. Denbury had a negative return on equity of 70.74% and a negative net margin of 106.78%. The company had revenue of $301.37 million during the quarter, compared to analysts’ expectations of $245.30 million. As a group, analysts expect that Denbury Inc. will post 2.19 earnings per share for the current fiscal year.

Institutional investors have recently bought and sold shares of the business. Nisa Investment Advisors LLC acquired a new stake in Denbury during the 2nd quarter worth approximately $114,000. Advisor Group Holdings Inc. acquired a new stake in shares of Denbury in the 2nd quarter valued at approximately $116,000. Shell Asset Management Co. acquired a new stake in shares of Denbury in the 2nd quarter valued at approximately $138,000. FORA Capital LLC acquired a new stake in shares of Denbury in the 1st quarter valued at approximately $116,000. Finally, Xponance Inc. acquired a new stake in shares of Denbury in the 2nd quarter valued at approximately $212,000.

Denbury Company Profile (NYSE:DEN)

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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