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Last $0.89 USD
Change Today -0.0444 / -4.77%
Volume 721.0K
WRES On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 8:10 PM 05/22/15 All times are local (Market data is delayed by at least 15 minutes).

warren resources inc (WRES) Snapshot

Open
$0.93
Previous Close
$0.93
Day High
$0.95
Day Low
$0.88
52 Week High
08/26/14 - $7.02
52 Week Low
03/18/15 - $0.84
Market Cap
72.0M
Average Volume 10 Days
1.2M
EPS TTM
$-0.35
Shares Outstanding
81.2M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for WARREN RESOURCES INC (WRES)

warren resources inc (WRES) Related Businessweek News

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warren resources inc (WRES) Details

Warren Resources, Inc., an independent energy company, engages in the exploration, development, and production of domestic onshore crude oil and gas reserves. The company primarily focuses on the exploration and development of waterflood oil recovery projects in the Wilmington field within the Los Angeles Basin of California; Marcellus Shale project in northeastern Pennsylvania; and coalbed methane natural gas properties located in the Rocky Mountain region. As of December 31, 2014, it owned natural gas and oil leasehold interests in approximately 113,307 gross acres; and had estimated net proved reserves of 71.3 million barrels of oil equivalent. Warren Resources, Inc. was founded in 1990 and is based in New York, New York.

87 Employees
Last Reported Date: 03/11/15
Founded in 1990

warren resources inc (WRES) Top Compensated Officers

Interim Chief Executive Officer and Director
Total Annual Compensation: $37.6K
Chief Financial Officer and Vice President
Total Annual Compensation: $349.5K
Vice President of Operations and General Mana...
Total Annual Compensation: $346.0K
Senior Vice President, General Counsel and Co...
Total Annual Compensation: $287.1K
Vice President of Corporate Development
Total Annual Compensation: $290.4K
Compensation as of Fiscal Year 2014.

warren resources inc (WRES) Key Developments

Warren Resources, Inc. Reports Unaudited Earnings and Production Results for the First Quarter Ended March 31, 2015; Reports Impairment for the First Quarter Ended March 31, 2015; Provides Production Guidance for Second Quarter Ending June 30, 2015 and Full Year Ending December 31, 2015

Warren Resources Inc. reported unaudited earnings and production results for the first quarter ended March 31, 2015. For the quarter, the company reported net loss of $102.3 million or $1.26 per basic and diluted share, which includes a non-cash ceiling test write-down of its oil and gas properties totaling $91.4 million. This compares to net income of $8.2 million or $0.11 per basic and diluted share reported in the first quarter of 2014. Adjusted net loss was $10.9 million compared to adjusted net income of $7.9 million in the first quarter of 2014. Revenue from oil and gas sales decreased $8.3 million to $24.6 million, which represents a 25% decrease versus $32.9 million for the same quarter in 2014. Total revenues were $25,778,000 against $34,202,000 a year ago. Loss from operations was $100,892,000 against income from operations of $9,815,000 a year ago. Loss before taxes was $102,279,000 against income before taxes of $8,202,000 a year ago. Net cash provided by operating activities was $5,992,000 against $15,491,000 a year ago. LBITDA was $79,857,000 against EBITDA of $19,307,000 a year ago. The company's capital expenditures totaled $6.3 million in the Marcellus and capital expenditures for the Wilmington Field were $0.5 million. Net oil production for the three months ended March 31, 2015 and 2014 was 262 Mbbls and 276 Mbbls, respectively. For the quarter, net gas production was 5.9 Bcf compared with 1.6 Bcf in the prior year. This increase in gas production reflects an additional 4.6 Bcf of gas produced from recently acquired Marcellus Assets. The company recorded an impairment of $91.4 million at March 31, 2015 relating to its ceiling test write down of oil and gas properties. The company provided production guidance for second quarter ending June 30, 2015 and full year ending December 31, 2015. For the second quarter, the company expects production of oil of 235 MBbl to 255 MBbl, gas of 7,000 MMcf to 8,000 MMcf, oil equivalent of 1,402 MBoe to 1,588 MBoe and gas equivalent 8,410 MMcfe to 9,530 MMcfe. For the full year, the company expected production of oil of 900 MBbl to 1,000 MBbl, gas of 28,000 MMcf to 30,000 MMcf, oil equivalent of 5,567 MBoe to 6,000 MBoe and gas equivalent 33,400 MMcfe to 36,000 MMcfe.

Warren Resources Inc. to Report Q1, 2015 Results on May 07, 2015

Warren Resources Inc. announced that they will report Q1, 2015 results at 9:00 AM, Eastern Standard Time on May 07, 2015

Warren Resources Inc., Q1 2015 Earnings Call, May 07, 2015

Warren Resources Inc., Q1 2015 Earnings Call, May 07, 2015

 

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Valuation WRES Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.5x
Price/Book 0.4x
Price/Cash Flow NM Not Meaningful
TEV/Sales NM Not Meaningful
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