NEW YORK (TheStreet) -- Shares of Denbury Resources (DNR) are slipping 1.91% to $6.43 on Friday amid decreasing oil prices, as investors wait for the outcome of the Iranian nuclear talks, Reuters reports.
Crude oil (WTI) is declining 0.03% to $58.81 per barrel, while Brent crude is gaining 0.06% to $63.24 per barrel this afternoon, according to the CNBC.com index.
Iran's bid to seal a nuclear deal by the end of the month led to the uncertainties in oil markets, as the nuclear deal could lead to an increase in crude exports from the country with the already over-supplied market, Reuters noted.
Additionally, a terror attack in France also raised worries about oil demand, as an attacker stormed an American-owned industrial chemical plant near Lyon, leaving one person decapitated. The terrorist tried unsuccessfully to blow up the factory, The New York Times reports.
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."
Highlights from the analysis by TheStreet Ratings Team goes as follows: