Can Denbury Inc. (NYSE: DEN) Still Be Considered A Loss When It’s Down -12.25% YTD? – Marketing Sentinel
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Can Denbury Inc. (NYSE: DEN) Still Be Considered A Loss When It’s Down -12.25% YTD?

During the last session, Denbury Inc. (NYSE:DEN)’s traded shares were 0.56 million. At the end of the trading day, the stock’s price was $67.21, reflecting an intraday gain of 2.02% or $1.33. The 52-week high for the DEN share is $91.30, that puts it down -35.84 from that peak though still a striking 24.8% gain since the share price plummeted to a 52-week low of $50.54. The company’s market capitalization is $3.29B, and the average intraday trading volume over the past 10 days was 0.56 million shares, and the average trade volume was 553.03K shares over the past three months.

Denbury Inc. (DEN) received a consensus recommendation of a Buy from analysts. That translates to a mean rating of 1.70. DEN has a Sell rating from 0 analyst(s) out of 10 analysts who have looked at this stock. 1 analyst(s) recommend to Hold the stock while 2 suggest Overweight, and 7 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be $0.77.

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Denbury Inc. (NYSE:DEN) trade information

Denbury Inc. (DEN) registered a 2.02% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 2.02% in intraday trading to $67.21 this Friday, 05/13/22, hitting a weekly high. The stock’s 5-day price performance is -7.37%, and it has moved by -10.86% in 30 days. Based on these gigs, the overall price performance for the year is 29.87%. The short interest in Denbury Inc. (NYSE:DEN) is 3.1 million shares and it means that shorts have 5.17 day(s) to cover.

The consensus price target of analysts on Wall Street is $106.18, which implies an increase of 36.7% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $83.00 and $129.00 respectively. As a result, DEN is trading at a discount of -91.94% off the target high and -23.49% off the low.

Denbury Inc. (DEN) estimates and forecasts

Statistics show that Denbury Inc. has outperformed its competitors in share price, compared to the industry in which it operates. Denbury Inc. (DEN) shares have gone down -21.94% during the last six months, with a year-to-date growth rate more than the industry average at 181.64% against 36.90. Yet analysts are ramping up their growth forecast for the fiscal year 2022. Revenue is predicted to grow 32.80% this quarter and then jump 179.50% in the quarter after that. In the rating firms’ projections, revenue will increase 54.80% compared to the previous financial year.

Revenue for the current quarter is expected to be $296.96 million as predicted by 4 analyst(s). Meanwhile, a consensus of 4 analyst(s) estimates revenue growth to $315.16 million by the end of Mar 2022. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $197.07 million and $251.16 million respectively. In this case, analysts expect current quarter sales to grow by 50.70% and then jump by 25.50% in the coming quarter.

An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 19.10%. While earnings are projected to return 103.50% in 2022, the next five years will return 32.60% per annum.

DEN Dividends

Denbury Inc. is due to release its next quarterly earnings between November 15 and November 19. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

Denbury Inc. (NYSE:DEN)’s Major holders

Denbury Inc. insiders own 2.82% of total outstanding shares while institutional holders control 104.15%, with the float percentage being 107.18%. FMR, LLC is the largest shareholder of the company, while 242 institutions own stock in it. As of Sep 29, 2021, the company held over 5.7 million shares (or 11.37% of all shares), a total value of $400.29 million in shares.

The next largest institutional holding, with 4.8 million shares, is of Vanguard Group, Inc. (The)’s that is approximately 9.57% of outstanding shares. At the market price on Sep 29, 2021, these shares were valued at $337.01 million.

Also, the Mutual Funds coming in first place with the largest holdings of Denbury Inc. (DEN) shares are Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund. Data provided on Sep 29, 2021 indicates that Vanguard Total Stock Market Index Fund owns about 1.35 million shares. This amounts to just over 2.69 percent of the company’s overall shares, with a $94.79 million market value. The same data shows that the other fund manager holds slightly less at 1.19 million, or about 2.37% of the stock, which is worth about $83.46 million.

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