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NYSE: DEN

How to Buy Denbury Stock

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Denbury Inc

Denbury is a oil and gas company located in Texas, United States, which is part of the Energy sector, and is traded under the ticker DEN on the NYSE exchange.

Denbury stock last closed at $90.85, down 0.89% from the previous day, and has increased 23.94% in one year. It has underperformed other stocks in the Oil & Gas E&P industry by 0.25 percentage points. Denbury stock is currently +60.54% from its 52-week low of $56.59, and -3.3% from its 52-week high of $93.95.

There are currently 49.72M shares of DEN outstanding. The market capitalization of DEN is $4.52B. In the past 24 hours, 654,367 DEN shares were traded.

How to Buy Denbury Stock

Wondering how to invest in Denbury stock? Here's how.
  1. Decide where to buy Denbury stock: You need to decide on a stock brokerage, but don't worry - we've sifted through dozens of online stock brokerages and apps to help you decide where to buy Denbury stock.
  2. Create a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified. It's the best place to buy DEN stock.
  3. Deposit money your brokerage account: Select your method of payment and add your details.
  4. Research Denbury stock: The Denbury ticker symbol is DEN. Is Denbury stock a good investment? Should you buy shares of DEN? How do DEN's underlying business fundamentals look? Do top analysts think Denbury is a good buy? Why has DEN's stock price moved recently? (Hint: Our stock research website can help you understand if DEN is a good stock to buy).
  5. Execute your DEN trade: Decide if you will purchase DEN shares at the current market price or use a limit order to buy DEN stock at a given price.
  6. Keep an eye on your investment in DEN: Create a watchlist to the latest updates on your new investment in Denbury stock.

Step 1: Decide where to buy Denbury stock

You need an online brokerage account in order to access the NYSE market and buy DEN shares.

A brokerage account allows you to buy and sell a number of financial instruments, such as stocks, bonds, mutual funds, and ETFs.

Our favorite brokerage: eToro

Based on our experience, eToro is the best stock brokerage. eToro gives you:

  • You can invest in stocks with zero commissions: Invest without commissions.
  • Buy fractional shares: Even if you don't have the money to buy a full share, you can still purchase the stock.
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  • Social investing: eToro has a community with more than 20 million users around the world. Talk to, learn from, and copy the trades of top investors.
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  • Buy other assets: Such as ETFs, commodities, cryptos, and currencies (forex).

Get $10 towards your your DEN stock purchase by creating an account with eToro today.

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Step 2: Create a brokerage account

Now that you've selected you'll need brokerage, selected to fill out some personal information so you can invest in DEN today.

How to Set Up a New Account on eToro

  1. Click here to get started.
  2. Enter your personal info to open your new trading account.
  1. Submit your application by clicking the "Create Account" button.
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Step 3: Deposit money your brokerage account

Watch the walkthrough below for more details transferring money into your new brokerage account.

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Step 4: Research Denbury stock

It's crucial to research stocks prior to buying, so you truly understand the risk as well as the upside.

Denbury stock data

DEN Price
$90.85
1w %
10.31%
1y %
23.94%
5y %
N/A
P/E
13x
P/B
3.56x
P/S
2.94x
PEG
N/A
Revenue
$1.60B
Earnings
$357.96M
Fore. Rev. Growth
N/A
Fore. Earn. Growth
N/A
Market Cap
$4.52B
Next Earnings
N/A
Next Dividend
N/A

Denbury Overview

WallStreetZen was created to help everyday investors perform more accurate fundamental analysis quickly.

You can view all of the due diligence checks on DEN's stock page.

Is DEN stock undervalued?

You can use a variety of different financial metrics, analyses, models, and charts to gauge DEN's intrinsic value.

Using relative valuations ratios:

  • DEN could be overvalued based on its P/E ratio of 13x, relative to Oil & Gas E&P industry P/E ratio of 6.3x
  • DEN could be overvalued based on its P/B ratio of 3.56x, relative to Oil & Gas E&P industry P/B ratio of 2.72x

You can access more valuation research on DEN's stock here.

DEN Financial Health

Passed Financial Due Diligence Checks:

  • DEN earnings of $381.15M is not sufficient to cover its interest payments.
  • DEN's operating cash flow of $413.73M allows it to safely service it's debt of $20.24M.

Failed Financial Due Diligence Checks:

  • DEN has a relatively high debt to equity ratio of 0.69.
  • There are more short-term liabilities than short-term assets on the DEN balance sheet.
  • There are more long-term liabilities than short-term assets on the DEN balance sheet.

Is it a good time to buy Denbury stock?

Out of 7 Equities analysts who track DEN, the consensus analyst rating on DEN is a Strong Buy

Should I buy or sell DEN stock?

Based on 7 analysts offering ratings for Denbury Inc.
Strong Buy
Strong Buy
5 analysts 71.43%
Buy
1 analysts 14.29%
Hold
0 analysts 0%
Sell
1 analysts 14.29%
Strong Sell
0 analysts 0%

Most Recent DEN Analyst Forecasts

Tim Rezvan, a top 20% analyst from KeyBanc initiates coverage on DEN with a strong buy rating and announces their DEN price target of $102.00, on Sep 20, 2022.

Leo Mariani, a top 1% analyst from MKM Partners assumes DEN with a strong buy rating and announces their DEN price target of $75.00, on Jul 20, 2022.

Doug Leggate, a top 5% analyst from Bank of America downgrades DEN to a sell rating and announces their DEN price target of $71.00, on Jul 19, 2022.

Scott Gruber, a top 9% analyst from Citigroup initiates coverage on DEN with a strong buy rating and announces their DEN price target of $83.00, on May 10, 2022.

John White, a top 3% analyst from Roth Capital upgrades DEN to a strong buy rating and raises their DEN price target from $78.75 to $87.75, on Feb 18, 2022.

White raised his price target on Denbury Inc. by 11.4% ahead of the release of the company's Q4 and FY 2021 earnings report on 2022/02/24.

His price target follows higher crude oil futures, the analyst said.

He also expects Denbury to report lower debt levels at the end of FY 2021.

The company's balance sheet should be "in great shape," White continued.

Further, the analyst told investors that he sees additional long-term upside from Denbury's nascent CCUS* effort**, White added.

Denbury produces oil and natural gas from mature oil fields in the Gulf Coast and Rocky Mountain regions.

* From here: "Carbon Capture, Utilization, and Storage (CCUS) encompasses methods and technologies to remove CO2 from flue gas and the atmosphere, followed by recycling the CO2 for utilization and determining safe and permanent storage options.

"Despite the adoption of alternative energy sources and energy-efficient systems to reduce the rate of CO2 emissions, the cumulative amount of CO2 in the atmosphere needs to be reduced to limit the detrimental impacts of climate change.

"Therefore, regardless of the deployment of clean and efficient energy solutions, CCUS technologies need to be implemented."

** From a Denbury press release dated 2021/04/26: "The Denbury Carbon Solutions team was formed in January 2020 to advance Denbury’s leadership in the anticipated high-growth CCUS industry, leveraging the Company’s unique capabilities and assets that were developed over the last 20-plus years through its focus on CO2 Enhanced Oil Recovery (EOR)."

From a news article dated 2021/09/21: "Denbury Inc. announced a CO₂ transport and storage agreement with Mitsubishi Corp. on Sept. 21, marking the first CCUS deal for the company. Denbury executed a term sheet with Mitsubishi for the transport and storage of CO₂ captured from Mitsubishi’s proposed ammonia project on the U.S. Gulf Coast. 

“We are excited to deliver the first of what we believe will be many CO₂ transport and storage deals with industrial customers along our extensive infrastructure footprint,” Chris Kendall, president and CEO of Denbury, commented in the company release."

You can dive deeper into what analysts are forecasting on the Denbury stock forecast page.

DEN Technical Indicators

SMA10
0.61
SMA20
0.63
SMA50
0.66
SMA100
0.66
SMA200
0.86
MACD
-0.01
MACD Signal
-0.02
MACD Histogram
0
RSI
56.14
Stochastic %K
48
Stochastic %D
30.13
StochRSI %K
59.93
StochRSI %D
28.84

Are DEN insiders buying or selling the stock?

Over the last 12 months, executives and large shareholders at DEN have not bought or sold any shares.

Learn more about who owns DEN shares here.

Can I get consistent income from DEN stock?

No, Denbury doesn't provide an income stream by paying out dividends.

DEN Social Trading Data

One of the primary reasons eToro is our top-rated brokerage is because of its social trading community.

Click below to learn what other community members have to say.

Step 5: Execute your DEN trade

There are two main order types:

  • Market order: A market order is an order to buy or sell a stock at the best available price.
    Market orders are usually sufficient.
  • Limit order: A limit order allows you to buy or sell a security at a specific price (or better).
    If you want to ensure you're buying or selling at a given dollar amount limit, use a limit order.

Hit the Open Trade button and eToro will place the order.

If you need additional info about investing in stocks on eToro, watch the how to video below:

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Step 6: Keep an eye on your investment in DEN

Now that you own some shares in DEN, you'll want to keep up with your new investment.

Put DEN on a watchlist to track the most important metrics related to your DEN stock.

DEN Feed

How to Buy Stock in Denbury

To reiterate, here are the 6 steps to buy Denbury stock:

  1. Decide where to buy Denbury stock
  2. Create a brokerage account
  3. Deposit money your brokerage account
  4. Research Denbury stock
  5. Execute your DEN trade
  6. Keep an eye on your investment in DEN

If you require a brokerage account, eToro is our favorite option.

Get Started with eToro Today

If you want to track your investment in Denbury, add DEN to your watchlist by clicking the button below.

NYSE: DEN
$90.85-0.82 (-0.89%)
Updated Oct 5, 2022
Open eToro Account
NYSE: DEN
$90.85-0.82 (-0.89%)
Updated Oct 5, 2022
Open eToro Account

FAQ

How much does it cost to buy one Denbury share?

As of Oct 5, 2022, it costs $90.85 to buy one share of Denbury stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $10, you can buy 0.11 shares of DEN.

Get Started with eToro Today

Is now a good time to buy Denbury stock?

According to 7 Wall Street analysts who monitor Denbury, their consensus recommendation is to buy Denbury stock.

What is the best way to buy Denbury stock?

The best way to buy Denbury stock is within a brokerage account on eToro.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.