Denbury (DEN) Stock Forecast, Price & News

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Denbury in the last twelve months. There are currently 1 sell rating, 5 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" DEN shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in DEN, but not buy additional shares or sell existing shares.
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7 brokerages have issued twelve-month price targets for Denbury's stock. Their DEN share price forecasts range from $73.00 to $112.00. On average, they predict the company's share price to reach $95.50 in the next twelve months. This suggests that the stock has a possible downside of 2.6%.
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Denbury's stock was trading at $87.02 at the beginning of 2023. Since then, DEN shares have increased by 12.6% and is now trading at $98.01.
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Denbury saw a increase in short interest in the month of August. As of August 31st, there was short interest totaling 3,950,000 shares, an increase of 22.7% from the August 15th total of 3,220,000 shares. Based on an average daily trading volume, of 1,440,000 shares, the short-interest ratio is presently 2.7 days. Currently, 8.0% of the company's stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, November 2nd 2023.
View our DEN earnings forecast.

Denbury Inc. (NYSE:DEN) released its quarterly earnings data on Thursday, August, 3rd. The company reported $1.06 earnings per share for the quarter, missing the consensus estimate of $1.23 by $0.17. The company had revenue of $328.98 million for the quarter, compared to analyst estimates of $345.83 million. Denbury had a trailing twelve-month return on equity of 19.82% and a net margin of 32.34%. The firm's revenue for the quarter was down 31.8% compared to the same quarter last year. During the same period in the previous year, the business posted $1.69 earnings per share.

ETFs with the largest weight of Denbury (NYSE:DEN) stock in their portfolio include Horizon Kinetics Energy and Remediation ETF (NVIR), First Trust Merger Arbitrage ETF (MARB), SPDR S&P Oil & Gas Exploration & Production ETF (XOP), Alpha Architect U.S. Quantitative Value ETF (QVAL), Invesco Dorsey Wright Energy Momentum ETF (PXI), Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares (GUSH), iShares U.S. Oil & Gas Exploration & Production ETF (IEO) and Avantis U.S. Small Cap Value ETF (AVUV).

Denbury trades on the New York Stock Exchange (NYSE) under the ticker symbol "DEN."

Shares of DEN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of DEN stock can currently be purchased for approximately $98.01.

Denbury (NYSE:DEN) has a market capitalization of $4.99 billion and generates $1.71 billion in revenue each year. The company earns $480.16 million in net income (profit) each year or $8.96 on an earnings per share basis.

The company employs 793 workers across the globe.

Denbury's mailing address is 5320 Legacy Drive, Plano TX, 75024. The official website for the company is www.denbury.com. The company can be reached via phone at 972-673-2000, via email at ir@denbury.com, or via fax at 972-673-2150.