Denbury Inc (DEN) Stock: Do Analysts Think You Should Accumulate?

Tuesday, October 10, 2023 11:41 AM | InvestorsObserver Analysts

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Denbury Inc (DEN) Stock: Do Analysts Think You Should Accumulate?

Analysts who follow Denbury Inc (DEN) on average expect it to decrease -1.34% over the next twelve months. Those same analysts give the stock an average rating of Buy. That average rating earns Denbury Inc an Analyst Ranking of 14, which means it ranks higher than 14 of stocks, based on data compiled by InvestorsObserver.

Wall Street analysts are rating DEN a Buy today. Find out what this means to you and get the rest of the rankings on DEN!

See Full DEN Report

Why are Analyst Ratings Important?

Though analyst projections should not be your only resource when determining your position on a stock, it can be a very useful tool. Analysts follow sectors/industries in-depth and tend to know how local and global conditions tend to affect demand and prices. Many analysts even participate in conference calls where they can get information to better make sense of the numbers. InvestorsObserver averages the ratings provided by analysts and then ranks their score as a percent against the market. This allows you to compare stocks in a more comprehensive fashion than with the typical buy/sell/hold ranking.

What's Happening With Denbury Inc Stock Today?

Denbury Inc (DEN) stock is trading at $93.10 as of 11:36 AM on Tuesday, Oct 10, a gain of $0.21, or 0.23% from the previous closing price of $92.89. Volume today is light. So far 619,421 shares have traded compared to average volume of 1,584,415 shares. The stock has traded between $92.35 and $93.14 so far today. Click Here to get the full Stock Report for Denbury Inc stock.