NEW YORK (TheStreet) --Shares of Denbury Resources (DNR) - Get Report are climbing by 9.47% to $1.45 in midday trading on Thursday afternoon, as the rally in the price of oil drives some energy and related stocks higher today.

It has been a volatile day of trading for oil which started the day strong on the hopes that major oil producers will come together to work out a deal that would see production rates cut and the supply glut lessen.

However, oil prices fell for a while today after Iran said it would not be a part of the possible deal between OPEC and other producing countries, Reuters reports.

Crude oil (WTI) is rising by 1.35% to $33.67 per barrel and Brent crude is up by 2.395 to $34.70 per barrel this afternoon.

Prices are getting a boost from comments made by Russia's energy minister, who suggested the country and the Organization of Petroleum Exporting Countries may discuss a 5% output cut at a February meeting, MarketWatch reports.

However, an OPEC official refuted the claim and analysts remain skeptical about the likelihood of any such deal.

Separately, TheStreet Ratings has set a "sell" rating and score of D- on Denbury Resources stock. This is driven by some concerns, which TheStreet Ratings believes should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks it covers.

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

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

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