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.

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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.

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