Texas (July 6, 2014) Wax Ink has issued a Positive Investment Interest opinion for Denbury Resources, Inc. (NYSE: DNR), based on a recent intrinsic value review that placed fair value for the company between $33-$37.
A Positive Investment Interest opinion (buy) means that the current key performance indicators (KPIs) and associated financial metrics favor a position in this stock as an active investment at this time.
The recent close of $18.25 is approximately 8% below a fair value buy target for the stock and approximately 55% below a fair value close target for the stock. The recent close is also 9% below analysts' twelve-month $20.00 median price target for the stock.
The recent close represents a 5% increase in the one-year price of the stock, while year-over-year sales increased 2%, year-over-year earnings decreased 7%, year-over-year debt increased 4%, and year-over-year free cash flow increased 15%.
The company paid a dividend of $0.00 which represents a year-over-year dividend increase of 0%.
The stock currently has a trailing twelve-month PE Ratio of 6, and a PEG Ratio of 0.5 basis estimated forward earnings growth of 13%.
In the past 52 weeks, share prices have moved between a high of $19.61 and a low of $15.56, placing current equilibrium at $17.23. With the recent close, the stock is trading 7.5% below the 52 week high, 15% above the 52 week low, and 6% above current equilibrium.
The three-month average daily trading volume for this stock is approximately 3.773 million shares and the average daily volume is approximately 1.801 million shares. There are approximately 25.594 million short interest shares which places the days to cover at 8.57.
Denbury Resources, Inc. operates as an oil and natural gas company in the United States primarily focusing on enhanced oil recovery utilizing carbon dioxide.
The company's listed competitors include Newfield Exploration Company, Occidental Permian, Ltd., and Swift Energy Company.
Financial information contained herein, was extracted from the company's most recent annual SEC filing for year ending March 31, 2014 and all prices are per share unless otherwise noted.
At this time Wax Ink has no investment position in any company mentioned in this alert. This alert is for use by Accredited Investors as defined under Title 17, CFR §230.500, Regulation D.
Wax Ink is a baseline equity research company not licensed or registered with any government agency focusing on long-term investment opportunities.
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Disclosure: The author has no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.