NEW YORK ( TheStreet) -- Denbury Resources (NYSE: DNR) hit a new 52-week high Tuesday as it traded at $23.94 compared with its previous 52-Week high of $23.19. Denbury is changing hands at $23.55 with 1.4 million shares traded as of 10:41 a.m. ET. Average volume has been 3.6 million shares over the past 30 days.

Denbury has a market cap of $9.1 billion and is part of the basic materials sector and energy industry. Shares are up 19.3% year to date as of the close of trading on Friday.

Denbury Resources Inc. engages in the acquisition, development, operation, and exploration of oil and natural gas properties in the Gulf Coast region of the United States primarily in Mississippi, Louisiana, Texas, and Alabama. The company has a P/E ratio of 31.2, above the average energy industry P/E ratio of 30.4 and above the S&P 500 P/E ratio of 23.2.

TheStreet Ratings rates Denbury as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, good cash flow from operations and expanding profit margins. However, as a counter to these strengths, we find that the growth in the company's earnings per share has not been good. You can view the full Denbury Ratings Report.

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