Warren Resources Inc. (WRES) was a big mover last session, as the company saw its shares rise nearly 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $4.42 to $5.12 over the past one-month time frame.
The company has seen no estimate revision over the past 30 days. The Zacks Consensus Estimate also remained unchanged over the same time frame. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Warren Resources holds a Zacks Rank #3 (Hold), while its Earnings ESP is 0.00%.
However, some better-ranked stocks in the oil & gas exploration & production industry include Encana Corporation (ECA), Midstates Petroleum Company, Inc. (MPO) and QEP Resources, Inc. (QEP). All of these stocks sport a Zacks Rank #1 (Strong Buy).
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