The stock of Denbury Inc. (NYSE:DEN) increased by $0.39 on Wednesday to $91.46, up 0.43 percent. The last five days have seen an average of 605,512 shares of common stock traded. 11 times new highs were reached in the current year, with a gain of $4.48. The average number of shares traded over the last 20 days was 1,053,128, while the average volume over the last 50 days totaled 1,426,427.
DEN stock appreciated 4.67% since last month. On 08/02/23, the company’s shares reached a one-month low of $85.63. The stock touched a high of $104.05 on 04/12/23, after rallying from a low of $73.12 in 52 weeks. The price of DEN stock has risen by 5.10% or $4.48 this year, reaching a new high 11 times. Still, the stock price is down -12.10% from the 52-week high.
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Insider Transactions
DEN stock investors should be aware that Denbury Inc. (DEN) stock had its last reported insider trading activity 170 days ago on Mar 13. On Mar 13, Vice President and CAO Jennings Nicole H. sold 618 shares at $78.85 each. This transaction resulted in the insider making $48,730.
Valuation Metrics
Denbury Inc. (DEN) has a trailing price-to-earnings (P/E) ratio of 10.21. Beta for the stock is 1.33. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 3.08, the price-to-book (PB) ratio of 2.79, and the price-to-cash flow ratio of 169.22.
Financial Health
For the three months ended June 29, Denbury Inc.’s quick ratio was 0.70, while its current ratio was 0.70, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.05, and the total debt to equity ratio is 0.05. As far as profitability goes, gross margin for the trailing twelve months is 58.90% percent. Denbury Inc.’s EBITDA margin for the year ended June 29 was 53.06%, whereas its operating margin stood at 32.10% for the same period. Based on annual data, it had gross profit of $575.31 million and revenue of $1.71 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. DEN’s return on assets (ROA) during the last 12 months has been 20.20%. There was a 42.50% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 30.60%.
Earnings Surprise
According to Denbury Inc.’s quarterly financial report for the quarter that ended June 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $328.98 million, while revenues fell by -46.56% to $341.02 million. It was predicted that Denbury Inc.’s quarterly earnings would be $1.06, but it ended up being $1.25, beating the consensus by -15.20%. EBITDA was $144.92 million for the quarter. At the end of Denbury Inc.’s most recent quarter ended June 29, its liabilities totaled 841.47 million, while its total debt was $106.33 million. Equity owned by shareholders amounts to $50.9 million.
Technical Picture
Here’s a quick look at Denbury Inc.’s (DEN) price momentum from a technical perspective. As of 29 August, the RSI 9-day stood at 63.52%, suggesting the stock is Neutral, with a 28.11% historical volatility rate.
The stochastic %K and %D were 81.93% and 67.69% respectively, while the average true range (ATR) was 1.77. Based on the 14-day stochastic reading of 94.03%, the RSI (14) reading is 60.09%. On the 9-day MACD Oscillator, the stock is at 1.16, and the 14-day reading is at 1.14.
Analyst Ratings
Denbury Inc. (NYSE: DEN) was downgraded by Jefferies to a a Hold rating in its latest research report. The stock was previously rated as a a Buy. Analysts have assigned Denbury Inc. (DEN) an Hold rating. DEN is a stock that is recommended for selling by 0 brokerage firms, while 6 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 2 others recommend it as a buy.
What is DEN’s price target for the next 12 months?
The current consensus forecast for the stock is between $87.00 and $120.00, with a median target price of $93.00. In analyzing these forecasts, the average price target given by analysts for Denbury Inc. (DEN) is $95.71.
