Denbury Inc. (NYSE:DEN) to Post Q2 2021 Earnings of $0.57 Per Share, Capital One Financial Forecasts

Denbury Inc. (NYSE:DEN) – Analysts at Capital One Financial issued their Q2 2021 earnings per share (EPS) estimates for shares of Denbury in a research note issued on Thursday, April 22nd. Capital One Financial analyst R. Tullis expects that the company will post earnings of $0.57 per share for the quarter.

Denbury (NYSE:DEN) last issued its quarterly earnings data on Thursday, February 25th. The company reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.04. The company had revenue of $197.07 million during the quarter, compared to analyst estimates of $207.38 million. Denbury had a negative return on equity of 119.03% and a negative net margin of 162.77%.

Several other research firms have also weighed in on DEN. KeyCorp initiated coverage on Denbury in a report on Monday. They issued an “overweight” rating and a $60.00 target price on the stock. Roth Capital started coverage on shares of Denbury in a research report on Wednesday, January 20th. They issued a “buy” rating and a $39.50 target price for the company. Finally, Zacks Investment Research lowered shares of Denbury from a “buy” rating to a “hold” rating in a research note on Friday, January 29th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $41.63.

Denbury stock opened at $49.52 on Friday. Denbury has a 12 month low of $15.43 and a 12 month high of $51.71. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.62 and a quick ratio of 0.62. The business has a 50 day simple moving average of $45.35 and a 200-day simple moving average of $30.54. The stock has a market capitalization of $2.48 billion, a PE ratio of 76.19 and a beta of 4.01.

Several hedge funds and other institutional investors have recently modified their holdings of DEN. California Public Employees Retirement System acquired a new stake in shares of Denbury in the fourth quarter worth about $2,824,000. RBF Capital LLC bought a new position in shares of Denbury during the 4th quarter valued at about $257,000. Wells Fargo & Company MN grew its position in shares of Denbury by 139.0% in the 4th quarter. Wells Fargo & Company MN now owns 1,400,476 shares of the company’s stock valued at $35,978,000 after acquiring an additional 814,618 shares during the period. Kopion Asset Management LLC acquired a new stake in Denbury in the 4th quarter worth about $1,325,000. Finally, Bank of New York Mellon Corp acquired a new position in shares of Denbury in the 4th quarter valued at approximately $754,000. Institutional investors and hedge funds own 8.20% of the company’s stock.

About Denbury

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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