Crude oil (WTI) is declining by 0.36% to $49.30 per barrel and Brent crude is retreating by 0.63% to $49.28 per barrel this afternoon.
The price of the commodity is decreasing today as investors booked profits on the market's recent rally to seven-month highs, Reuters reports.
Investors are also concerned about higher output with prices hovering near $50 per barrel.
Additionally, a stronger dollar weighed on oil prices. The commodity, which is priced in dollars, is more expensive to foreign investors when the greenback is strong.
Denbury Resources is a Plano, TX-based oil and natural gas company.
Separately, TheStreet Ratings Team has a "Sell" rating with a score of D- on the stock.
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.
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.
You can view the full analysis from the report here: DNR