Denbury Resources (DNR) Stock Tumbles as Oil Prices Fall

Oil prices are declining today on a record high U.S. inventory glut, and shares of Denbury Resources (DNR) are retreating.
By Rachel Aldrich ,

NEW YORK (TheStreet) -- Shares of Denbury Resources (DNR) - Get Report  are down 7.19% to $3.10 this afternoon as oil prices slide.

Crude oil (WTI) is down 2.3% to $44.70 per barrel and Brent crude is down 2.14% to $46.16 per barrel.

Oil prices are retreating today after U.S. government data reported a historically record high U.S. crude inventory. Crude and oil product stockpiles rose 2.62 million barrels to an all-time high of 2.08 billion barrels for the week.

Yesterday, the Energy Information Administration said that crude inventories had dropped by 2.3 million barrels last week, causing a rally in oil prices.

Denbury Resources is a Plano, TX-based oil and natural gas company.

Separately, TheStreet Ratings rated the company as a "sell" with a ratings score of D-.

The company's weaknesses can be seen in multiple areas, such as its generally high debt management risk, disappointing return on equity, weak operating cash flow, generally disappointing historical performance in the stock itself and deteriorating net income.

You can view the full analysis from the report here: DNR

Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

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