Warren Resources Director Sells $22,963 in Stock (WRES)
Warren Resources (NASDAQ:WRES) Director Tony Coelho unloaded 8,350 shares of Warren Resources stock on the open market in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $2.75, for a total value of $22,962.50. Following the sale, the director now directly owns 20,150 shares of the company’s stock. The transaction was disclosed in a filing with the SEC, which is available at this link.
Shares of Warren Resources (NASDAQ:WRES) traded up 1.06% during mid-day trading on Thursday, hitting $2.85. The stock had a trading volume of 405,454 shares. Warren Resources has a one year low of $2.40 and a one year high of $3.41. The stock’s 50-day moving average is $2.91 and its 200-day moving average is $2.85. The company has a market cap of $206.2 million and a price-to-earnings ratio of 10.97.
Warren Resources (NASDAQ:WRES) last released its earnings data on Wednesday, August 7th. The company reported $0.13 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.06 by $0.07. The company had revenue of $30.70 million for the quarter, compared to the consensus estimate of $31.44 million. During the same quarter last year, the company posted $0.07 earnings per share. Warren Resources’s revenue was up 1.7% compared to the same quarter last year. On average, analysts predict that Warren Resources will post $0.32 earnings per share for the current fiscal year.
Warren Resources, Inc (NASDAQ:WRES) is an independent energy company engaged in the exploration, development and production of domestic onshore crude oil and gas reserves.
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