Last $5.30 USD
Change Today -0.50 / -8.62%
Volume 1.8M
WRES On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 8:10 PM 09/30/14 All times are local (Market data is delayed by at least 15 minutes).

warren resources inc (WRES) Snapshot

Open
$5.80
Previous Close
$5.80
Day High
$5.83
Day Low
$5.19
52 Week High
08/26/14 - $7.02
52 Week Low
10/9/13 - $2.84
Market Cap
428.0M
Average Volume 10 Days
1.8M
EPS TTM
$0.57
Shares Outstanding
80.7M
EX-Date
--
P/E TM
9.3x
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

Chairman of the Board and Chief Executive Off...
Total Annual Compensation: $842.1K
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. Announces Closing of $300 Million Private Offering of 9.000% Senior Notes Due 2022

Warren Resources Inc. announced that it has closed on its private offering of $300 million aggregate principal amount of its 9.000% senior notes due 2022 at an issue price of 98.617% of the aggregate principal amount of the Notes. The net proceeds from the notes offering were used to fund a portion of the approximately $312.5 million cash consideration of the purchase price for its previously announced acquisition of the Marcellus assets of Citrus Energy Corporation and two additional working interest owners for $352.5 million. The notes have not been registered under the securities act of 1933, as amended, or the securities laws of any state and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements under the securities act and applicable state securities laws. The notes may be resold by the initial purchasers pursuant to rule 144A and regulations under the securities act.

Warren Resources Inc. Announces Third Amended and Restated Credit Agreement with Increased Borrowing Base of $225 Million

In connection with the acquisition, Warren Resources Inc. entered into a five-year, third amended and restated credit agreement, with Bank of Montreal, as administrative agent, which will provide for a maximum credit amount of $750 million and an initial borrowing base of $225 million.

Lance Peterson Joins Warren Resources Inc.'s Board

Warren Resources Inc. announced that Lance Peterson the Co-Founder and CEO of Citrus is joining the company's board.

 

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WRES Competitors

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Company Last Change
Abraxas Petroleum Corp $5.28 USD -0.23
Callon Petroleum Co $8.81 USD -0.58
Emerald Oil Inc $6.15 USD -0.58
PrimeEnergy Corp $65.13 USD -1.27
VAALCO Energy Inc $8.50 USD -0.33
View Industry Companies
 

Industry Analysis

WRES

Industry Average

Valuation WRES Industry Range
Price/Earnings 11.3x
Price/Sales 3.1x
Price/Book 1.7x
Price/Cash Flow 5.4x
TEV/Sales 2.5x
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