Four reasons Denbury is a buy at under $17:
- The mean analysts’ price target on Denbury is $25 and JP Morgan is all the way up at $29 on DNR.
- Denbury has a five year projected PEG of just .55 which is an over 70% discount to its five year average.
- It has significantly beat earnings estimates the past two quarters and is priced at just 6 times trailing operating cash flow.
- The company is selling near the bottom of its five year valuation range based on P/B, P/E, P/S and P/CF.