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Warren Resources (NASDAQ:WRES)’s share price reached a new 52-week high during mid-day trading on Wednesday, Analyst RN reports. The stock traded as high as $3.60 and last traded at $3.44, with a volume of 1,344,046 shares traded. The stock had previously closed at $3.31.

Separately, analysts at Zacks upgraded shares of Warren Resources from a “neutral” rating to an “outperform” rating in a research note to investors on Wednesday, January 22nd. They now have a $3.50 price target on the stock.

Warren Resources has a one year low of $2.46 and a one year high of $3.47. The stock has a 50-day moving average of $3.14 and a 200-day moving average of $3.. The company has a market cap of $248.4 million and a P/E ratio of 7.79.

Warren Resources (NASDAQ:WRES) last announced its earnings results on Wednesday, November 6th. The company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.08. The company had revenue of $34.70 million for the quarter, compared to the consensus estimate of $35.73 million. During the same quarter last year, the company posted $0.03 earnings per share. Warren Resources’s revenue was up 10.5% compared to the same quarter last year. Analysts expect that Warren Resources will post $0.34 EPS 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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