At the last check on Thursday, Denbury Inc.’s (NYSE:DEN) stock was up $2.87, moving up 3.28 percent to $90.37. The average number of shares traded per day over the past five days has been 1,185,651 shares. 2 times new highs have been achieved over the past 5 days, with a $0.11 gain in that time frame. In the last twenty days, the average volume was 1,367,338, while in the previous 50 days, it was 1,376,333.
Since last month, DEN stock rose 7.44%. Shares of the company fell to $83.05 on 07/18/23, the lowest level in the past month. A 52-week high of $104.05 was reached on 04/12/23 after having rallying from a 52-week low of $73.12. Since the beginning of this year, DEN’s stock price has risen by 3.85% or $3.39, and marked a new high 11 times. However, the stock has declined by -13.15% since its 52-week high.
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DEN stock investors should be aware that Denbury Inc. (DEN) stock had its last reported insider trading activity 157 days ago on Mar 13. Jennings Nicole H., the Vice President and CAO of the company, disposed of 618 shares for $78.85 on Mar 13. It resulted in a $48,730 divestment by the insider.
Valuation Metrics
Right now, Denbury Inc. (DEN) has a P/E ratio of about 10.08. The stock’s beta is 1.34. Besides these, the trailing price-to-sales (P/S) ratio of 3.04, the price-to-book (PB) ratio of 2.75, and the price-to-cash flow ratio of 167.40 may also be considered.
Financial Health
In the three months ended June 29, Denbury Inc.’s quick ratio stood at 0.70, while its current ratio was 0.70, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.05, and the total debt-to-equity ratio was 0.05. On the profitability front, the trailing twelve-month gross margin is 58.90% percent. In the year ended June 29, EBITDA margin amounted to 53.06%, whereas operating margins totaled 32.10%. Based on annual data, DEN earned $575.31 million in gross profit and brought in $1.71 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 42.50%. Return on equity (ROE) for the past 12 months was 30.60%.
In Denbury Inc.’s quarter-end financial report for June 29, it reported total debt of $85.15 million. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. DEN’s revenue fell -46.56% to $341.02 million during the quarter, while net income inched up to $328.98 million. While analysts expected Denbury Inc. to report $1.25 quarterly earnings, the actual figure was $1.06 per share, beating the consensus estimate by -15.20%. During the quarter, the company generated $144.92 million in EBITDA. The liabilities of Denbury Inc. were 841.47 million at the end of its most recent quarter ended June 29, and its total debt was $106.33 million. The value of shareholders’ equity is $50.9 million.
Technical Picture
This quick technical analysis looks at Denbury Inc.’s (DEN) price momentum. With a historical volatility rate of 34.16%, the RSI 9-day stood at 58.67% on 16 August.
With respect to its five-day moving average, the current Denbury Inc. price is up by +0.13% percent or $0.11. At present, DEN shares trade +5.97% above its 20-day simple moving average and +12.01% percent above its 100-day simple moving average. However, the stock is currently trading approximately -0.94% below its SMA50 and -3.04% below its SMA200.
Stochastic coefficient K was 63.77% and Stochastic coefficient D was 74.36%, while ATR was 2.15. Given the Stochastic reading of 77.79% for the 14-day period, the RSI (14) reading has been calculated as 57.46%. As of today, the MACD Oscillator reading stands at -0.60, while the 14-day reading stands at 0.17.
Analyst Ratings
Denbury Inc. downgraded its rating on Denbury Inc. (NYSE: DEN) to a Sector weight in a note to investors on Aug-17-23. The analysts firm previously had an Overweight rating on the stock.Denbury Inc. (DEN) has been rated Overweight by analysts. According to 0 brokerage firms, DEN is a sell, and 5 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Denbury Inc. stock as buy, with 3 recommending it as overweight.
With a median target price of $94.00, the current consensus forecast for the stock is $87.00 – $120.00. Based on these forecasts, analysts predict Denbury Inc. (DEN) will achieve an average price target of $99.43.
