Siebert Williams Shank & Co analyst Gabriele Sorbara maintained a Buy rating on Denbury on Tuesday, setting a price target of $100, which is approximately 43.41% above the present share price of $69.73.
Sorbara expects Denbury to post earnings per share (EPS) of -$1.52 for the third quarter of 2021.
The current consensus among 5 TipRanks analysts is for a Strong Buy rating of shares in Denbury, with an average price target of $90.76.
The analysts price targets range from a high of $100 to a low of $78.8.
In its latest earnings report, released on 06/30/2021, the company reported a quarterly revenue of $300.66 million and a net profit of $99.14 million. The company's market cap is $3.49 billion.
According to TipRanks.com, Siebert Williams Shank & Co analyst Gabriele Sorbara is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -2.7% and a 37.72% success rate.
Denbury Inc focuses on injecting carbon dioxide to enhance production from mature, conventional fields. At the end of 2018, the company reported net proved reserves of 262 million barrels of oil equivalent. Net production averaged 60 thousand barrels of oil equivalent per day in 2018 at a ratio of 97% oil and 3% natural gas.