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Tuesday, September 26, 2023

Denbury Inc. (NYSE: DEN): Is It A Buying Opportunity Again?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for Denbury Inc. (DEN) shows that investor sentiment remained same, with the stock’s consolidated last price remained same to $94.18. The Denbury Inc. has recorded 8,258 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that Denbury Reports Second Quarter 2023 Financial and Operational Results.

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Stocks Info

DEN belongs to the Energy sector of the NYSE while operating in the Oil & Gas E&P industry. At the end of the last regular session, the stock closed at $94.18 and fluctuated between $96.51 as its day high and $93.89 as its day low. The current market capitalization of Denbury Inc. is $4.73B. A total of 0.9 million shares were traded on the day, compared to an average of 1.39M shares.

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, DEN has seen 6 BUY and 0 SELL insider trades, representing the acquisition of 2,302 and the disposition of 0 shares. Over the last 12 months, there were 21 BUYs and 11 SELLs from insiders. Insiders purchased 61,562 shares during that period but sold 13,724.

In the most recent transaction, Jennings Nicole H. sold 618 shares of DEN for 78.85 per share on Mar 13. After the transaction, the Vice President and CAO now owns 60,443 company shares.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for DEN in the last 3 months, the mean price target is $95.71 with high estimates of $120.00 and low estimates of $87.00. In terms of 52-week highs and lows, DEN has a high of $104.05 and a low of $73.12.

As of this writing, DEN has an earnings estimate of $1.35 per share for the current quarter. EPS was calculated based on a consensus of 6 estimates, with a high estimate of $1.48 per share and a lower estimate of $1.21. The company reported an EPS of $1.36 in the last quarter, which was -3.50% lower than expectations of $1.41.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. DEN’s latest balance sheet shows that the firm has $3.67M in Cash & Short Term Investments as of fiscal 2021. There were $56.77M in debt and $406.68M in liabilities at the time. Its Book Value Per Share was $32.81, while its Total Shareholder’s Equity was $1.14B.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for DEN is Buy with a score of 3.14.

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