NEW YORK (TheStreet) -- Shares of Denbury Resources (DNR) - Get Denbury Resources Inc. Report were slumping in late-afternoon trading on Friday as lower oil prices weighed on the Plano, TX-based oil and natural gas producer.
Crude oil (WTI) was recently down 1.29% to $49.79 per barrel and Brent crude was sliding 1.22% to $51.87 per barrel.
Earlier today, oilfield services company Baker Hughes (BHI) said that the U.S. oil-rig count increased by three this past week to 428.
The commodity is under further pressure today as investors take profits following a 10% gain since OPEC indicated eight days ago that it would cut production, Reuters notes.
Separately, TheStreet Ratings team rates the stock as a "sell" with a ratings score of D-.
Denbury's weaknesses include its generally high debt management risk, disappointing return on equity and weak operating cash flow.
You can view the full analysis from the report here: DNR
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 article's author.