FY2023 EPS Estimates for Denbury Inc. Lowered by Jefferies Financial Group (NYSE:DEN)

Denbury Inc. (NYSE:DENGet Rating) – Research analysts at Jefferies Financial Group reduced their FY2023 earnings estimates for shares of Denbury in a research note issued to investors on Tuesday, January 17th. Jefferies Financial Group analyst S. Burwell now expects that the company will earn $7.20 per share for the year, down from their previous forecast of $8.58. Jefferies Financial Group has a “Buy” rating and a $115.00 price target on the stock. The consensus estimate for Denbury’s current full-year earnings is $6.99 per share.

DEN has been the topic of a number of other reports. Stifel Nicolaus assumed coverage on shares of Denbury in a research note on Wednesday, October 19th. They set a “buy” rating and a $146.00 price target on the stock. Citigroup upped their price target on shares of Denbury from $81.00 to $112.00 in a research note on Wednesday, December 7th. Bank of America assumed coverage on shares of Denbury in a research note on Thursday, December 15th. They issued an “underperform” rating and a $73.00 price objective on the stock. Finally, Roth Capital raised shares of Denbury from a “neutral” rating to a “buy” rating and increased their price objective for the company from $103.00 to $108.00 in a research note on Tuesday, November 22nd. One investment analyst has rated the stock with a sell rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $104.43.

Denbury Stock Performance

NYSE:DEN opened at $89.39 on Friday. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.01. Denbury has a fifty-two week low of $56.59 and a fifty-two week high of $104.05. The stock has a market cap of $4.45 billion, a PE ratio of 9.10 and a beta of 2.67. The firm’s fifty day simple moving average is $87.44 and its 200-day simple moving average is $83.95.

Denbury (NYSE:DENGet Rating) last announced its quarterly earnings data on Thursday, November 3rd. The company reported $1.90 EPS for the quarter, topping analysts’ consensus estimates of $1.73 by $0.17. Denbury had a net margin of 31.01% and a return on equity of 26.43%. The company had revenue of $439.49 million during the quarter, compared to the consensus estimate of $402.14 million.

Institutional Investors Weigh In On Denbury

Hedge funds have recently modified their holdings of the company. Cutler Group LLC CA boosted its stake in shares of Denbury by 300.0% during the 3rd quarter. Cutler Group LLC CA now owns 400 shares of the company’s stock worth $34,000 after purchasing an additional 300 shares during the last quarter. Clear Street Markets LLC acquired a new stake in shares of Denbury during the 3rd quarter worth about $43,000. Captrust Financial Advisors boosted its stake in shares of Denbury by 31.8% during the 2nd quarter. Captrust Financial Advisors now owns 527 shares of the company’s stock worth $32,000 after purchasing an additional 127 shares during the last quarter. Counterpoint Mutual Funds LLC acquired a new stake in shares of Denbury during the 4th quarter worth about $110,000. Finally, FNY Investment Advisers LLC acquired a new stake in shares of Denbury during the 4th quarter worth about $195,000.

Denbury Company Profile

(Get Rating)

Denbury Inc, an independent energy company, focuses on producing oil from mature oil fields in the Gulf Coast and Rocky Mountain regions. The company holds interests in various oil and natural gas properties located in Mississippi, Texas, and Louisiana in the Gulf Coast region; and in Montana, North Dakota, and Wyoming in the Rocky Mountain region.

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Earnings History and Estimates for Denbury (NYSE:DEN)

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