NEW YORK (TheStreet) -- Shares of Warren Resources were gaining 13.9% to $1.15 Wednesday after the oil and gas company beat analysts' estimates for earnings in the fourth quarter. Warren Resources reported a loss of 1 cent a share for the fourth quarter, beating the Capital IQ Consensus Estimate of a loss of 4 cents a share for the quarter. Revenue grew 25.8% year over year to $41 million for the quarter, compared to analysts' estimates of $41.37 million. The company said it produced about 9.1 billion cubic feet of gas equivalent in the fourth quarter (Bcfe), an average of 98.6 million cubic feet of gas equivalent a day, up from 3.3 Bcfe in the year-ago quarter. The company produced about 293,000 net barrels of oil in the fourth quarter, an average of 3,183 barrels of oil a day, up from 292,000 net barrels in the year-ago quarter. Natural gas production grew to about 7.3 billion cubic feet of natural gas in the quarter, an average of 79.5 million cubic feet a day, up from about 1.6 billion cubic feet of gas in the year-ago quarter. Warren Resources said its increased production is largely due to the assets recently acquired in the Marcellus shale formation. TheStreet Ratings team rates WARREN RESOURCES INC as a Hold with a ratings score of C-. TheStreet Ratings Team has this to say about their recommendation: "We rate WARREN RESOURCES INC (WRES) a HOLD. The primary factors that have impacted our rating are mixed -- some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, generally higher debt management risk and disappointing return on equity." You can view the full analysis from the report here: WRES Ratings Report WRES data by YCharts
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