NEW YORK (TheStreet) -- Shares of Denbury Resources (DNR) are higher by 2.71% to $6.44 in early afternoon trading on Tuesday, as some energy and related stocks get a boost from the turnaround in oil prices.
Crude oil (WTI) is gaining by 0.89% to $60.92 per barrel and Brent crude is up by 1.37% to $64.21 per barrel this afternoon, according to the CNBC.com index.
The price of the commodity began the day in the red then rebounded ahead of the release of U.S. inventory data, which is expected to show a strong demand for gasoline, Reuters reports.
Another factor giving prices a jolt is signs there could be trouble with the approaching Iranian nuclear deal, Reuters said. The issues could result in delays to Tehran's hopes Western sanctions on its oil exports will be lifted.
Separately, TheStreet Ratings team rates DENBURY RESOURCES INC as a Sell with a ratings score of D+. TheStreet Ratings Team has this to say about their recommendation:
"We rate DENBURY RESOURCES INC (DNR) a SELL. This is driven by some concerns, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its unimpressive growth in net income, weak operating cash flow, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share."