NEW YORK (TheStreet) -- Shares of Denbury Resources (DNR) - Get Report closed the regular session down 5.28% to $7.54 in Tuesday's trading session, along with other oil-related stocks as a stronger dollar pressured oil prices.

In New York, WTI crude closed down 3.4% to $48.29 a barrel, due to a stronger dollar and expectations that U.S. crude inventories rose to another record high last week from new supply builds, according to Reuters.

Similarly, Brent crude fell about 4% as expectations of a mid-year U.S. interest rate hike sent the dollar up to multi-year highs.

The strength in the dollar affects commodities like oil, that are priced in dollars by making them more expensive for holders of other currencies, Reuters noted.

Also, the Energy Information Administration revised its 2015 domestic oil production outlook earlier today. The agency expects total oil production to increase to 9.35 million barrels per day, higher than the 9.3 million barrels per day forecast from last month.

Denbury Resources stock is up 1.93% to $7.69 as of 4:45 p.m. ET in after-hours trading to gain back some of its losses from the day's regular trading session.

Plano, TX-based Denbury Resources is an independent oil and natural gas company with oil and natural gas reserves, of which 83% is oil.

The company's focuses on two key operating areas including the Gulf Coast and the Rocky Mountain regions.

Separately, TheStreet Ratings team rates DENBURY RESOURCES INC as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:

"We rate DENBURY RESOURCES INC (DNR) a HOLD. The primary factors that have impacted our rating are mixed, some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, reasonable valuation levels and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and weak operating cash flow."

Highlights from the analysis by TheStreet Ratings Team goes as follows:

• The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Oil, Gas & Consumable Fuels industry. The net income increased by 304.1% when compared to the same quarter one year prior, rising from $89.99 million to $363.63 million.
• The debt-to-equity ratio is somewhat low, currently at 0.63, and is less than that of the industry average, implying that there has been a relatively successful effort in the management of debt levels. Despite the fact that DNR's debt-to-equity ratio is low, the quick ratio, which is currently 0.57, displays a potential problem in covering short-term cash needs.
• Net operating cash flow has declined marginally to $337.73 million or 3.22% when compared to the same quarter last year. Despite a decrease in cash flow of 3.22%, DENBURY RESOURCES INC is in line with the industry average cash flow growth rate of -11.94%.
• DNR's stock share price has done very poorly compared to where it was a year ago: Despite any rallies, the net result is that it is down by 48.59%, which is also worse that the performance of the S&P 500 Index. Investors have so far failed to pay much attention to the earnings improvements the company has managed to achieve over the last quarter. Naturally, the overall market trend is bound to be a significant factor. However, in one sense, the stock's sharp decline last year is a positive for future investors, making it cheaper (in proportion to its earnings over the past year) than most other stocks in its industry. But due to other concerns, we feel the stock is still not a good buy right now.
• You can view the full analysis from the report here: DNR Ratings Report