$2.29 -0.04 (-1.72%)
11/6/2009 4:00 PM

Warren Resources, Inc. (WRES)

CAPS Rating: 5 out of 5

An energy company engaged in the exploration and development of domestic onshore natural gas and oil reserves.

Current Price $2.29 Mkt Cap $134.83M
Open $2.29 P/E Ratio 0.80
Prev. Close $2.33 Div. (Yield) N/A (N/A)
Daily Range $2.25 - $2.40 Volume 290,256
52-Wk Range $0.40 - $4.56 Avg. Daily Vol. 542,000

WRES News and Commentary

Caps

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All Members

250 Outperform
11 Underperform
 

All-Star Members

99 Outperform
2 Underperform
 

Wall Street

5 Outperform
0 Underperform
 

Top WRES Bull/Bear Pitches

The best Bull and Bear pitches based on recency and number of recommendations.

TSIF (98.51)
Submitted October 26, 2009

Warren Resources is at a crossroads in regard to whether it can become financially viable or whether the natural gas price decline will keep it from investing at a rate needed to maintain a sufficient revenue stream to continue investing in new… More

Teknowizz (90.41)
Submitted May 08, 2009

Navellier PG: Top 20 Stocks to Sell

WRES VS S&P 500 (SPY)

Recent Community Commentary

Read the most recent pitches from members about WRES.

Recs

0
Member Avatar SmallPimpin (98.78) Submitted: 11/3/2009 1:28:47 AM : Outperform Start Price: $2.07 WRES Score: +7.36

Mmm...energy...

Recs

1
Member Avatar TSIF (98.51) Submitted: 10/26/2009 11:22:38 AM : Outperform Start Price: $2.57 WRES Score: -9.12

Warren Resources is at a crossroads in regard to whether it can become financially viable or whether the natural gas price decline will keep it from investing at a rate needed to maintain a sufficient revenue stream to continue investing in new drillings. The smaller producers have to balance capex with debt or risk thier non-producing wells or end of life wells zapping them of future gains by new drilling. Warren resouces took a large hit in their share price this week after it priced it's new share offering of 11.78 million shares at $2.60 apiece, or 14 less than the price at the time. The further decline in price to $2.56 is below the "dilution" price. In general, I don't view all stock issue as dilutive. It depends on what is done with the proceeds. New capex or a means to increase revenue can be positive in the long run. Overall Warren intends a mix of reducing debt and development activities in California and Wyoming. If natural gas prices remain depressed then I see Warren Resources as high risk. Overall, a cold snap this winter and successful drilling of new wells should put Warren back to profitable with a share price in the $4 range.

Recs

0
Member Avatar jschroeds88 (78.73) Submitted: 10/5/2009 11:59:49 AM : Outperform Start Price: $3.00 WRES Score: -27.78

I think the market is seriously underestimating the long-term potential for energy associated profits. I'm throwing a big net across the decent small caps in the industry.

Leaderboard

Find the members with the highest scoring picks in WRES.

Score Leader

satootoko

satootoko (< 20) Score: +70.76

The Score Leader is the member with the highest score across all their picks in WRES.

Top
Pick
Member Name Member
Rating
Start
Date
Call Time
Frame
Start
Price
Stock
Gain
S&P
Gain
Score Commentary
satootoko < 20 9/12/2006 Underperform 3W $13.70 -83.28% -12.53% +70.76
YAMsCreation 88.98 3/28/2008 Underperform NS $11.79 -80.58% -15.53% +65.04
eagiam 58.88 11/6/2006 Underperform 3W $12.05 -81.00% -17.59% +63.41
sourgirl31 < 20 11/19/2008 Underperform 3M $3.53 -35.13% +27.93% +63.06
vega3 65.64 3/26/2007 Underperform NS $13.36 -82.86% -21.07% +61.79
barhareman 81.55 1/16/2007 Underperform 3W $11.38 -79.88% -20.52% +59.35
Ihavegas 76.94 5/2/2007 Underperform 5Y $13.53 -83.07% -24.22% +58.86
0719nicholas 48.35 10/2/2009 Underperform 3Y $3.03 -24.42% +4.27% +28.70
DeliriousNomad 75.93 10/2/2009 Underperform 3W $2.70 -15.19% +5.01% +20.20
MrGreenGenes < 20 6/1/2009 7/3/2009 Underperform 3M $2.26 +1.33% +15.56% +14.24

Wall Street

See what the Wall Street professionals think, according to their public statements and filings.

Member Name Member
Rating
Start
Date
Call Time
Frame
Start
Price
Stock
Gain
S&P
Gain
Score End Date Commentary
TrackZacks 69.52 11/11/2008 Outperform 3M $3.20 -67.19% -4.41% -62.78 4/11/2009 @ $1.05 1 Comment
TrackJimCramer < 20 6/26/2008 Outperform 3W $14.18 -83.85% -13.79% -70.06
TrackZacks 69.52 3/12/2008 Outperform 3M $11.34 -42.68% -24.70% -17.98 10/20/2008 @ $6.50 1 Comment
TrackBMOCapital 86.09 12/20/2007 Outperform NS $13.68 -83.26% -22.89% -60.37
TrackNWQ < 20 9/30/2007 Outperform NS $12.54 -81.74% -26.44% -55.30 2 Comments
TrackSoros 65.62 9/30/2007 Outperform NS $12.54 -81.74% -26.44% -55.30 1 Comment
TrackRBCCapMkts 81.74 7/31/2007 Outperform NS $11.11 -79.39% -23.97% -55.42

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