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Warren Resources (NASDAQ:WRES)’s share price reached a new 52-week high on Tuesday , reports. The company traded as high as $7.02 and last traded at $6.53, with a volume of 1,121,914 shares changing hands. The stock had previously closed at $6.65.

Several analysts have recently commented on the stock. Analysts at Brean Capital raised their price target on shares of Warren Resources from $8.00 to $9.00 in a research note on Tuesday, August 12th. They now have a “buy” rating on the stock.

The stock has a 50-day moving average of $6.24 and a 200-day moving average of $5.09. The company has a market cap of $477.3 million and a P/E ratio of 13.04.

Warren Resources (NASDAQ:WRES) last released its earnings data on Monday, August 11th. The company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.01. The company had revenue of $34.99 million for the quarter, compared to the consensus estimate of $34.87 million. During the same quarter in the previous year, the company posted $0.08 earnings per share. The company’s revenue for the quarter was up 14.0% on a year-over-year basis. Analysts expect that Warren Resources will post $0.38 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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