On Jan. 04, Goldentree Asset Management LP divested U.S. $21,592,877 in shares of Denbury Inc.. The 10% sold 765,721 shares at a price per share of $28.20. The transaction decreased this specific insider’s holdings to 4,753,706 shares worth around $139.28 million at present.
DEN Price Performance
On Wall Street, Denbury Inc. [NYSE:DEN] finished Wednesday’s session up 5.93% at $29.30. The stock went up to $30.00 at the same session while its lowest single day price was $27.45. In the last five days, it saw a rise of about 16.36%, Denbury Inc. shares gained by almost 14.05% since the beginning of the year. However, the share price has dropped to as low as 3.53% below its one year high.
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Denbury Inc. [DEN] Valuation Measures
Notably, Denbury Inc. [DEN] stock can be helpful for investors to consider historical price-sales ratio, more specifically, a 1.67 PS value ratio is reported for the last one year of reported earnings. That is higher than the industry average of 0.92.
DEN Stock Support And Resistance Levels
On the 24-hour scale, the immediate backing is perceived around 27.83 level, and in case of violation of this particular level, it will cause more drop to 26.37 level. On the upper level, 31.47 is still the key resistance. The stock may increase to the subsequent resistance at 30.38. The Relative Strength Index (RSI) pinned on the 14-day chart is 76.90, implying a overbought technical stance while the MACD stands at 1.96, meaning price will increase in the next trading period. Percent R indicator moved to 11.69%, implying bullish price movement. Stochastic %K at 85.91% suggest selling the stock.
What is the short interest in Denbury Inc.?
Short interest in the Denbury Inc. stock has surged, increasing by 0.19 million shares to total 71660.0 shares on Dec 14, 2020. The interest had seen shares on Nov 12, 2020 stand at 0.27 million, data from Yahoo Finance shows. The decrease of -271.92% suggests the stock saw some decreased bullish sentiment.
Denbury Inc.’s Biggest Shareholders: Who Owns Denbury Inc. [DEN]?
Filings by Fidelity Management & Research Co showed that the firm now holds a total of 14,464,089 shares or roughly 28.93% of the outstanding DEN shares. The King Street Capital Management LP’s holdings currently number 2,020,123 shares at $59189603.9. According to the firm’s last 13F report, Aristeia Capital LLC shares in the company at filing stood at 1,767,755 shares, roughly $39,703,777.
DEN Earnings Forecast For The Current Quarter
Denbury Inc. [DEN] is expected to report weak earnings results for the quarter ending on Sep 2020. Consensus estimates give the company expected revenues of $202.35M and an earnings per share of $0 for Sep 2020. Looking further ahead, the company is expected to report revenue of $190.48M at an EPS of $0.52 for Dec 2020. The estimates represent 6.20% and 35.06% in the company’s revenue and earnings per share, respectively, on a year-on-year basis.
DEN Earnings Estimates For The Current Year
For the financial year, Denbury Inc. [NYSE:DEN] is expected to bring in revenue of $744.13M. The returns are nearly $-525.87 million lower than the company’s actual revenue recorded in the fiscal year 2019. In terms of EPS for the 2020, estimate put it at 1.03, higher than that of FY19 by $0.63. Estimates put this year’s earnings growth at 157.50%, 52.40% for the next, and at an annual 32.60% over the next 5-year period. As for sales, forecasts are for a decrease of -41.60% in the current fiscal year and a further 6.20% over the following year.
What are analyst thoughts on Denbury Inc.?
Looking forward to the Denbury Inc. share price prediction, we can see that analysts, surveyed by FactSet, offer the mean price target for Denbury Inc. stock at $35.50 within the next 12 months, which represents almost 17.46 per cent growth from its previous closing price of $29.30. The highest analysts’ target for Denbury Inc. stock projections is $36.00 and the lowest one is $35.00. Still, 2 analysts sharing their consensus rating for DEN stock in 2021 agree that it is an Overweight.