AlphaCrest Capital Management LLC acquired a new position in Denbury Inc. (NYSE:DEN – Get Rating) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 3,661 shares of the company’s stock, valued at approximately $316,000.
Other large investors have also made changes to their positions in the company. Captrust Financial Advisors increased its position in Denbury by 31.8% during the second quarter. Captrust Financial Advisors now owns 527 shares of the company’s stock worth $32,000 after acquiring an additional 127 shares during the period. Cutler Group LLC CA boosted its holdings in Denbury by 300.0% in the 3rd quarter. Cutler Group LLC CA now owns 400 shares of the company’s stock valued at $34,000 after purchasing an additional 300 shares during the period. Clear Street Markets LLC bought a new stake in Denbury in the 3rd quarter valued at $43,000. Mackenzie Financial Corp boosted its holdings in Denbury by 9.0% in the 2nd quarter. Mackenzie Financial Corp now owns 3,466 shares of the company’s stock valued at $208,000 after purchasing an additional 286 shares during the period. Finally, Tudor Investment Corp Et Al bought a new stake in Denbury in the 3rd quarter valued at $209,000.
Wall Street Analyst Weigh In
A number of analysts have weighed in on DEN shares. Roth Capital reissued a “buy” rating on shares of Denbury in a report on Thursday, February 23rd. Citigroup increased their price target on shares of Denbury from $81.00 to $112.00 in a report on Wednesday, December 7th. Finally, Bank of America began coverage on shares of Denbury in a report on Thursday, December 15th. They issued an “underperform” rating and a $73.00 price target for the company. One equities research analyst has rated the stock with a sell rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, Denbury has an average rating of “Moderate Buy” and a consensus target price of $104.43.
Denbury Trading Down 2.2 %
Denbury (NYSE:DEN – Get Rating) last announced its quarterly earnings data on Thursday, February 23rd. The company reported $1.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.61 by ($0.13). The business had revenue of $381.20 million during the quarter, compared to analyst estimates of $386.50 million. Denbury had a net margin of 28.00% and a return on equity of 27.32%. The company’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.76 EPS. On average, equities research analysts forecast that Denbury Inc. will post 7.27 earnings per share for the current fiscal year.
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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