Denbury Inc. (NYSE:DEN) went down by -2.26% from its latest closing price compared to the recent 1-year high of $81.37. The company’s stock price has collected -3.98% of loss in the last five trading sessions. Press Release reported on 10/05/21 that Denbury Schedules Third Quarter Earnings Release, Conference Call, and Webcast for November 4
Is It Worth Investing in Denbury Inc. (NYSE :DEN) Right Now?
Opinions of the stock are interesting as 4 analysts out of 6 who provided ratings for Denbury Inc. declared the stock was a “buy,” while 1 rated the stock as “overweight,” 1 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $89.25, which is $17.44 above the current price. DEN currently public float of 48.69M and currently shorts hold a 7.21% ratio of that float. Today, the average trading volume of DEN was 579.77K shares.
DEN’s Market Performance
DEN stocks went down by -3.98% for the week, with a monthly drop of -1.19% and a quarterly performance of 1.12%, while its annual performance rate touched 316.70%. The volatility ratio for the week stands at 4.46% while the volatility levels for the past 30 days are set at 5.27% for Denbury Inc.. The simple moving average for the period of the last 20 days is -2.38% for DEN stocks with a simple moving average of 26.48% for the last 200 days.
Analysts’ Opinion of DEN
Many brokerage firms have already submitted their reports for DEN stocks, with MKM Partners repeating the rating for DEN by listing it as a “Buy.” The predicted price for DEN in the upcoming period, according to MKM Partners is $96 based on the research report published on September 09th of the current year 2021.
ROTH Capital, on the other hand, stated in their research note that they expect to see DEN reach a price target of $78.75, previously predicting the price at $57. The rating they have provided for DEN stocks is “Neutral” according to the report published on July 07th, 2021.
Stifel gave a rating of “Buy” to DEN, setting the target price at $93 in the report published on June 24th of the current year.
DEN Trading at 0.70% from the 50-Day Moving Average
After a stumble in the market that brought DEN to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -13.51% of loss for the given period.
Volatility was left at 5.27%, however, over the last 30 days, the volatility rate increased by 4.46%, as shares surge +5.12% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +9.03% upper at present.
During the last 5 trading sessions, DEN fell by -3.98%, which changed the moving average for the period of 200-days by +181.63% in comparison to the 20-day moving average, which settled at $72.26. In addition, Denbury Inc. saw 173.96% in overturn over a single year, with a tendency to cut further gains.
Reports are indicating that there were more than several insider trading activities at DEN starting from GOLDENTREE ASSET MANAGEMENT LP, who sale 550,060 shares at the price of $28.50 back on Jan 06. After this action, GOLDENTREE ASSET MANAGEMENT LP now owns 4,753,706 shares of Denbury Inc., valued at $15,674,740 using the latest closing price.
GOLDENTREE ASSET MANAGEMENT LP, the 10% Owner of Denbury Inc., sale 128,217 shares at $27.80 during a trade that took place back on Jan 05, which means that GOLDENTREE ASSET MANAGEMENT LP is holding 5,303,766 shares at $3,564,433 based on the most recent closing price.
Stock Fundamentals for DEN
Current profitability levels for the company are sitting at:
- -4.40 for the present operating margin
- +12.97 for the gross margin
The net margin for Denbury Inc. stands at -201.09. The total capital return value is set at -1.34, while invested capital returns managed to touch -62.44. Equity return is now at value -98.70, with -59.40 for asset returns.
Based on Denbury Inc. (DEN), the company’s capital structure generated 15.07 points at debt to equity in total, while total debt to capital is 13.10. Total debt to assets is 9.57, with long-term debt to equity ratio resting at 8.49. Finally, the long-term debt to capital ratio is 7.38.
When we switch over and look at the enterprise to sales, we see a ratio of 1.95, with the company’s debt to enterprise value settled at 0.11. The receivables turnover for the company is 5.49 and the total asset turnover is 0.23. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.44.