Kopion Asset Management LLC Buys 4,040 Shares of Denbury Inc. (NYSE:DEN)

Kopion Asset Management LLC lifted its stake in shares of Denbury Inc. (NYSE:DEN) by 8.0% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 54,737 shares of the company’s stock after acquiring an additional 4,040 shares during the quarter. Denbury makes up approximately 4.0% of Kopion Asset Management LLC’s holdings, making the stock its 14th biggest holding. Kopion Asset Management LLC owned about 0.11% of Denbury worth $4,722,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Ameriprise Financial Inc. raised its position in Denbury by 30.2% during the 1st quarter. Ameriprise Financial Inc. now owns 11,631 shares of the company’s stock valued at $1,019,000 after purchasing an additional 2,695 shares in the last quarter. Hudson Bay Capital Management LP raised its holdings in shares of Denbury by 89.4% in the first quarter. Hudson Bay Capital Management LP now owns 197,507 shares of the company’s stock valued at $17,308,000 after acquiring an additional 93,222 shares in the last quarter. Doheny Asset Management CA grew its holdings in Denbury by 29.9% during the 1st quarter. Doheny Asset Management CA now owns 41,919 shares of the company’s stock worth $3,673,000 after acquiring an additional 9,644 shares in the last quarter. Trium Capital LLP increased its position in Denbury by 1.1% during the 1st quarter. Trium Capital LLP now owns 44,845 shares of the company’s stock valued at $3,930,000 after purchasing an additional 486 shares during the period. Finally, Segall Bryant & Hamill LLC raised its holdings in shares of Denbury by 56.0% in the 1st quarter. Segall Bryant & Hamill LLC now owns 114,504 shares of the company’s stock valued at $10,033,000 after purchasing an additional 41,088 shares in the last quarter.

Analyst Ratings Changes

Several equities analysts recently issued reports on DEN shares. JPMorgan Chase & Co. initiated coverage on shares of Denbury in a report on Thursday, June 15th. They set a “neutral” rating and a $96.00 price objective on the stock. Johnson Rice cut Denbury from an “accumulate” rating to a “hold” rating in a research note on Friday, July 21st. Stifel Nicolaus lifted their target price on Denbury from $86.00 to $93.00 and gave the company a “hold” rating in a research note on Friday, August 11th. Capital One Financial lowered shares of Denbury from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, July 25th. Finally, Jefferies Financial Group downgraded shares of Denbury from a “buy” rating to a “hold” rating and set a $91.00 price objective on the stock. in a research report on Monday, August 28th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Denbury presently has a consensus rating of “Hold” and an average price target of $96.43.

Denbury Stock Performance

Shares of NYSE DEN traded down $1.54 during midday trading on Friday, reaching $97.27. The company had a trading volume of 1,473,963 shares, compared to its average volume of 917,386. Denbury Inc. has a 1 year low of $73.13 and a 1 year high of $104.05. The business’s 50-day simple moving average is $89.57 and its 200 day simple moving average is $88.73. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.05. The stock has a market cap of $4.95 billion, a P/E ratio of 10.86 and a beta of 2.59.

Denbury (NYSE:DEN) last announced its quarterly earnings data on Thursday, August 3rd. The company reported $1.06 earnings per share for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.17). Denbury had a net margin of 32.34% and a return on equity of 19.82%. The firm had revenue of $328.98 million during the quarter, compared to analyst estimates of $345.83 million. During the same period in the prior year, the company posted $1.69 earnings per share. The firm’s revenue for the quarter was down 31.8% on a year-over-year basis. On average, analysts forecast that Denbury Inc. will post 5.43 earnings per share for the current fiscal year.

Denbury Company Profile

Denbury Inc operates as an independent energy company in the Gulf Coast and Rocky Mountain regions. It 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.