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Last $0.36 USD
Change Today -0.144 / -28.86%
Volume 1.0M
As of 8:10 PM 07/31/15 All times are local (Market data is delayed by at least 15 minutes).

warren resources inc (WRES) Snapshot

Open
$0.50
Previous Close
$0.50
Day High
$0.50
Day Low
$0.36
52 Week High
08/26/14 - $7.02
52 Week Low
07/7/15 - $0.35
Market Cap
28.8M
Average Volume 10 Days
869.7K
EPS TTM
$0.05
Shares Outstanding
81.2M
EX-Date
--
P/E TM
7.6x
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 Announces Closing of 9.000% Senior Notes Exchange Offer

Warren Resources Inc. announced that it has completed its offer to exchange up to $230,410,000 aggregate principal amount of its 9.000% Senior Notes due 2022, which have been registered under the Securities Act of 1933, as amended (the "Exchange Notes"), for up to $230,410,000 million of its outstanding 9.000% Senior Notes due 2022, which were previously issued in a private placement (the "Private Notes"). The registered exchange offer, which expired at 5:00 p.m. Eastern Time on July 23, 2015, fulfilled the Company's obligations regarding the registration of the outstanding Private Notes. Pursuant to a registration rights agreement entered into by the Company in connection with the initial offering of the Private Notes, the Company agreed to file a registration statement with the Securities and Exchange Commission relating to the exchange offer and the Exchange Notes. The Company received and accepted tenders of approximately 99.96% of the Private Notes that were outstanding. The Exchange Notes contain substantially identical terms to the Private Notes.

Warren Resources Announces Extension of Exchange Offer for 9.000% Senior Notes

Warren Resources Inc. announced that it has extended the expiration date of its registered offer to exchange up to $230,410,000 aggregate principal amount of its 9.000% Senior Notes due 2022, which have been registered under the Securities Act of 1933, as amended, for up to $230,410,000 of its outstanding 9.000% Senior Notes due 2022, which were previously issued in a private placement, until July 23, 2015. The Exchange Offer was originally scheduled to expire on July 22, 2015.

Warren Resources Inc. Provides Operational Guidance for the Second Quarter of 2015

The Warren Resources Inc. estimates that its oil production for the second quarter of 2015 was approximately 250,000 barrels (MBbl), which is at the upper end of the quarterly guidance range of 235,000 to 255,000 barrels. Oil production performed in line with the company's 1P reserve projections for this period. The Company also estimates that its gas production for the second quarter of 2015 was approximately 7.8 billion cubic feet (Bcf), which was also at the upper end of its quarterly guidance range of 7 billion cubic feet to 8 billion cubic feet.

 

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WRES Competitors

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Industry Analysis

WRES

Industry Average

Valuation WRES Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.3x
Price/Book 0.2x
Price/Cash Flow NM Not Meaningful
TEV/Sales NM Not Meaningful
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