NEW YORK (TheStreet) -- Shares of Denbury Resources Inc. (DNR) - Get Report are gaining by 2.32% to $7.49 in early afternoon trading on Wednesday, as some energy stocks get a boost today from the rise in oil prices.

Crude oil (WTI) is advancing by 1.64% to $48.29 per barrel and Brent crude is up by 1.31% to $55.83 per barrel this afternoon, according to the CNBC.com index.

Oil prices are in the green today as the euro strengthened against the dollar after a jolt in business morale in Germany and France, Reuters reports.

Earlier today oil prices were showing some losses after data from the Energy Information Administration showed U.S. crude stockpiles grew by 8.2 million barrels in the week ended March 20.

Analysts polled by Reuters were expecting supplies to grow by 5.1 million last week.

Additionally, oil magnate T. Boone Pickens said on Tuesday that he believes oil prices could reach $100 per barrel by the end of 2016, revising his earlier forecast that saw oil reaching that price by the end of this year, Reuters said.

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 -11.68%.
• 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 53.59%, 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