Last $1.14 USD
Change Today +0.025 / 2.25%
Volume 549.3K
WRES On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 2:06 PM 03/5/15 All times are local (Market data is delayed by at least 15 minutes).

warren resources inc (WRES) Snapshot

Open
$1.12
Previous Close
$1.11
Day High
$1.15
Day Low
$1.09
52 Week High
08/26/14 - $7.02
52 Week Low
01/30/15 - $1.00
Market Cap
91.6M
Average Volume 10 Days
1.2M
EPS TTM
$0.37
Shares Outstanding
80.7M
EX-Date
--
P/E TM
3.0x
Dividend
--
Dividend Yield
--
Current Stock Chart for WARREN RESOURCES INC (WRES)

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warren resources inc (WRES) Details

Warren Resources, Inc., an independent energy company, is engaged in the exploration, development, and production of onshore crude oil and gas reserves. The company holds interests in various properties that are located in California, Wyoming, New Mexico, and Texas. It focuses primarily on the exploration and development of waterflood oil recovery properties in the Wilmington field within the Los Angeles Basin of California; and on the exploration and development of coalbed methane properties located in the Rocky Mountain region. As of December 31, 2013, the company owned natural gas and oil leasehold interests in approximately 93,350 net acres located in the Rocky Mountains; and had estimated net proved reserves of approximately 33.7 million barrels of oil equivalent. Warren Resources, Inc. was founded in 1990 and is based in New York, New York.

62 Employees
Last Reported Date: 03/6/14
Founded in 1990

warren resources inc (WRES) Top Compensated Officers

Chief Financial Officer, Chief Accounting Off...
Total Annual Compensation: $332.0K
Vice President of Operations and General Mana...
Total Annual Compensation: $289.4K
Compensation as of Fiscal Year 2013.

warren resources inc (WRES) Key Developments

Warren Resources Inc. Reports Production Results for the Full Year 2014; Updates Production Guidance for the First Quarter Ending March 31, 2015 and Full Year Ending December 31, 2015

Warren Resources Inc. reported production results for the full year 2014. The company production for the full year 2014 grew 77% year-over-year to approximately 22.8 billion cubic feet of equivalent (Bcfe), approximately 70% of which is natural gas. This production growth is primarily attributable to increased volumes resulting from the acquisition of the Marcellus assets in the third quarter of 2014. The company is now budgeting $13 million in the Marcellus to drill and complete two Upper Marcellus wells in 2015 and for associated facilities. Drilling was completed on the first Upper Marcellus well, the Mirabelli 11H, in late January in the northeast portion of the Company's acreage position and completion operations are expected to commence in early March. The second well, the Ruark 11H, is planned in the center of the acreage block, with completion operations expected to commence in early May. Completion operations on two lower Marcellus wells were concluded in January, with initial production expected in mid-February. The company updated its full year 2015 production guidance to reflect the reduction in planned drilling and completion activity. For the full year ending December 31, 2015, Warren expects total production volumes to range between approximately 33 Bcfe to 36 Bcfe, a projected 52% increase over 2014, at the midpoint. Warren expects natural gas volumes to comprise approximately 84% of total production in 2015. The company expects oil production to be 900(MBbl) to 1,000(MBbl), Gas to be 28,000 (MMcf) to 30,000 (MMcf), oil equivalent to be 5,567 (MBoe) to 6,000 (MBoe) and gas equivalent to be 33,400 (MMcfe) to 36,000 (MMcfe). For the first quarter of ending March 31, 2015, the company expects oil production to be 260(MBbl) to 280 (MBbl), Gas to be 7,000 (MMcf) to 8,000 (MMcf), oil equivalent to be 1,427 (MBoe) to 1,613 (MBoe) and gas equivalent to be 8,560 (MMcfe) to 9,680 (MMcfe).

Warren Resources Inc. Presents at BMO Capital Markets Energy Forum, Jan-13-2015

Warren Resources Inc. Presents at BMO Capital Markets Energy Forum, Jan-13-2015 . Venue: 100 Stuart Street, Boston, Massachusetts, United States.

Warren Resources Inc. Presents at Sidoti & Company Emerging Growth Institutional Investor Forum, Jan-12-2015 02:50 PM

Warren Resources Inc. Presents at Sidoti & Company Emerging Growth Institutional Investor Forum, Jan-12-2015 02:50 PM. Venue: The Grand Hyatt Hotel, New York, New York, United States. Speakers: Stewart P. Skelly, Chief Financial Officer, Chief Accounting Officer and Vice President.

 

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Industry Analysis

WRES

Industry Average

Valuation WRES Industry Range
Price/Earnings 3.2x
Price/Sales 0.6x
Price/Book 0.3x
Price/Cash Flow 1.2x
TEV/Sales NM Not Meaningful
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