Denbury Inc. (NYSE:DEN) Position Increased by Credit Suisse AG

Credit Suisse AG boosted its holdings in Denbury Inc. (NYSE:DEN) by 5.1% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 56,909 shares of the company’s stock after buying an additional 2,773 shares during the quarter. Credit Suisse AG owned 0.11% of Denbury worth $4,987,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. BlackRock Inc. lifted its stake in Denbury by 2.0% during the first quarter. BlackRock Inc. now owns 3,401,112 shares of the company’s stock valued at $267,227,000 after buying an additional 65,352 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in Denbury by 58.7% in the 2nd quarter. Goldman Sachs Group Inc. now owns 2,908,334 shares of the company’s stock worth $174,471,000 after purchasing an additional 1,075,960 shares during the period. State Street Corp boosted its stake in Denbury by 23.6% in the 1st quarter. State Street Corp now owns 2,306,974 shares of the company’s stock worth $181,259,000 after purchasing an additional 440,841 shares during the period. Brown Advisory Inc. grew its position in Denbury by 5.8% during the 1st quarter. Brown Advisory Inc. now owns 1,240,636 shares of the company’s stock worth $108,717,000 after purchasing an additional 68,241 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in Denbury by 3.4% during the 4th quarter. Geode Capital Management LLC now owns 884,096 shares of the company’s stock valued at $76,934,000 after purchasing an additional 28,713 shares during the period.

Denbury Stock Performance

DEN stock opened at $91.07 on Wednesday. The company has a market capitalization of $4.64 billion, a price-to-earnings ratio of 10.16 and a beta of 2.63. The firm has a 50 day moving average of $87.13 and a two-hundred day moving average of $87.73. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.05. Denbury Inc. has a 12 month low of $73.13 and a 12 month high of $104.05.

Denbury (NYSE:DEN) last posted its earnings results on Thursday, August 3rd. The company reported $1.06 EPS for the quarter, missing the consensus estimate of $1.23 by ($0.17). Denbury had a return on equity of 19.82% and a net margin of 32.34%. The business had revenue of $328.98 million for the quarter, compared to analyst estimates of $345.83 million. During the same period in the previous year, the company earned $1.69 earnings per share. The company’s quarterly revenue was down 31.8% compared to the same quarter last year. As a group, equities analysts anticipate that Denbury Inc. will post 5.43 EPS for the current fiscal year.

Analysts Set New Price Targets

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

About Denbury

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.