Denbury Inc. (NYSE:DEN) saw an upside of 0.10% to close Friday at $95.90 after adding $0.1 on the day. The 5-day average trading volume is 1,146,240 shares of the company’s common stock. It has gained $99.33 in the past week and touched a new high 2 times within the past 5 days. An average of 1,491,815 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,577,950.
DEN’s 1-month performance is 8.37% or $6.66 on its low of $87.25 reached on 08/23/23. The company’s shares have touched a 52-week low of $73.12 and high of $104.05, with the stock’s rally to the 52-week high happening on 09/19/23. YTD, DEN has achieved 10.20% or $8.88 and has reached a new high 17 times. However, the current price is down -7.83% from the 52-week high price.
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Insider Transactions
DEN stock investors last saw insider trading activity on Mar 13.Jennings Nicole H. (Vice President and CAO) most recently sold 618 shares at $78.85 per share on Mar 13. This transaction cost the insider $48,730.
Valuation Metrics
DEN stock has a beta of 1.30. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 3.30 while the price-to-book (PB) in the most recent quarter is 2.85, with the price to cash flow ratio at 180.12.
Denbury Inc.’s quick ratio for the period ended June 29 was 0.71, with the current ratio over the same period at 0.71. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.06, while the total debt to equity was 0.06. In terms of profitability, the gross margin trailing 12 months is 46.93%. The trailing 12-month EBITDA margin is 53.06% while for the period ending June 29, Denbury Inc.’s operating margin was 32.47%. The firm’s gross profit as reported stood at $575.31 million against revenue of $1.71 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income shrunk -131.11% to $67.28 million, while revenue of $89.2 million was -32.58% off the previous quarter. Analysts expected DEN to announce $1.25 per share in earnings in its latest quarter, but it posted $1.06, representing a -15.20% surprise. EBITDA for the quarter stood at more than $144.92 million. DEN stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 841.47 million, with total debt at $106.33 million. Shareholders hold equity totaling $50.9 million.
Let’s look briefly at Denbury Inc. (DEN) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 22 September was 52.95% to suggest the stock is trending Neutral, with historical volatility in this time period at 30.96%.
The stock’s 5-day moving average is $97.00, reflecting a -1.41% or -$1.37 change from its current price. DEN is currently trading +9.09% above its 20-day SMA, +2.87% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +10.69% and SMA200 by+11.03%.
Stochastic %K and %D was 54.67% and 68.40% and the average true range (ATR) pointed at 1.93. The RSI (14) points at 56.62%, while the 14-day stochastic is at 42.93% with the period’s ATR at 1.93. The stock’s 9-day MACD Oscillator is pointing at -1.12 and -0.07 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Denbury Inc. (NYSE: DEN), Jefferies downgraded it to a Hold rating. They previously had a Buy rating on the stock. Analysts offering their rating for DEN stock have a consensus rating for the stock as Hold. Currently, 0 brokerage advisors rate DEN as a “sell,”, while 6 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 2 have offered a “buy” rating.
What is DEN’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $87.00 and a high of $120.00, with their median price target at $93.00. Looking at these predictions, the average price target given by analysts is for Denbury Inc. (DEN) stock is $95.71.
