Denbury Stock Hits New 52-Week High (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) hit a new 52-week high Monday as it is currently trading at $19.18, above its previous 52-week high of $19.14 with 384,270 shares traded as of 9:46 a.m. ET. Average volume has been 4.7 million shares over the past 30 days.

Denbury has a market cap of $6.85 billion and is part of the basic materials sector and energy industry. Shares are up 16.5% year to date as of the close of trading on Friday.

Denbury Resources Inc. operates as an independent oil and natural gas company in the United States. Its primary focus is on enhanced oil recovery utilizing CO2. The company has a P/E ratio of 14.2, below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Denbury as a buy. The company's strengths can be seen in multiple areas, such as its expanding profit margins, increase in stock price during the past year and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. You can view the full Denbury Ratings Report.

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