NEW YORK (TheStreet) -- Shares of Denbury Resources Inc. (DNR) - Get Report are down by 1.98% to $8.41 in late morning trading on Wednesday, as some stocks within the oil and energy sectors decline today along with the price of the commodity.

Crude oil (WTI) is lower by 1.19% to $49.92 per barrel and Brent crude is slumping by 2.10% to $59.78 per barrel this morning, according to the index provided by CNBC.com.

Oil prices are down after data from the Energy Information Administration showed U.S. stockpiles grew by 10.3 million barrels to 444.4 million barrels for the week that ended February 27.

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Analysts polled by the Wall Street Journal were expecting an increase of 4.6 million barrels. This was the largest gain for a single week since May 2001.

With refineries performing their seasonal maintenance they ran at 86.6% capacity lower from the 87.4% for the previous week.

"The build is massive. That low refinery utilization rate [is] clearly causing crude oil inventories to back up in the system," Founding partner of Again Capital John Kilduff told the Journal.

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.
• 49.17% is the gross profit margin for DENBURY RESOURCES INC which we consider to be strong. Despite the high profit margin, it has decreased significantly from the same period last year. Despite the mixed results of the gross profit margin, DNR's net profit margin of 75.71% significantly outperformed against the industry.
• 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 48.56%, 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.
• 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 -12.58%.
• You can view the full analysis from the report here: DNR Ratings Report