Dallas, Texas 10/09/2013 (Financialstrend) – Warren Resources, Inc. (NASDAQ:WRES) is an independent oil and natural gas producer in United States. The stock of this production stage oil firm has managed to show a positive growth in share value over the past 30 days of trading. This breaks the close to 9 months of weakness the shares had displayed to lose close to 9% of its share value at the markets.
As of close of business on October 8, the company stock was trading at $2.86 per share, down 1.38% from its previous day close. Through the day close to 378 K shares of the stock exchanged hands. This was slightly ahead of its 346 K daily trading average. A key indicator of the potential of the company can be gauged by the 32% increase in insider trade transactions over the past 6 months. Insiders own 0.9% of the total 72 million shares outstanding while institutional investors own 67%.
At current valuations, the share price represents a 14.6% dip in valuation in comparison to its 52 week high pricing and represents a 19% increase over its 52 week low pricing. The oil and gas producer has managed to maintain its sales over a quarter on quarter basis while its earnings per share has gone up by 85%. Due to lot of cost cutting measures being implemented over the past few months, the gross margins f the company has gone up by 71% over the past 12 months trailing period, while its operation margins are up by 18% in the same time period. Its profit margins are in the 14% in the previous 12 months trailing period, which is a indication of the fluctuation on international oil prices which the company has witnessed over the past couple of quarters. The company has shed close to 9.4% of its share value during the last 12 months period.