Denbury Rises On Unusually High Volume (DNR)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- Denbury Resources (NYSE: DNR) is trading at unusually high volume Tuesday with 10.5 million shares changing hands. It is currently at two times its average daily volume and trading up 82 cents (+4.9%) at $17.70 as of 12:36 p.m. ET.

  • EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.

Denbury has a market cap of $6.43 billion and is part of the basic materials sector and energy industry. Shares are up 4.2% year to date as of the close of trading on Monday.

Denbury Resources Inc. engages in the acquisition, development, exploitation, and exploration of oil and natural gas properties in the Gulf Coast region located in Mississippi, Texas, Louisiana, and Alabama. The company has a P/E ratio of 14, below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Denbury as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Denbury Ratings Report.

See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center.

Holiday Special: Subscribe to Action Alerts PLUS to see how Jim Cramer trades his $2.5 Million+ portfolio for 51% off the list price. Your first 14-days are FREE: Sign up today to get e-mail alerts before every trade.
null

If you liked this article you might like

Cars and Small-but-Strong Energy Stocks in Play

Selling Investors on Cars and Small but Strong Energy Plays

3 Independent Energy Stocks That Are Ready to Rock

5 Stocks Under $10 Poised for Big Breakouts

Short-Interest Tables Show Traders Are Watching the Wrong Stocks

Short-Interest Tables Show Traders Are Watching the Wrong Stocks