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Is More Good News Ahead for Recent Winner Warren Resources (WRES)?
February 06, 2014
One company that should be on your radar is
Warren Resources Inc. . An independent energy company has seen its Zacks Rank surge over the past four weeks, moving from Neutral to its current position as a Strong Buy.
A key reason for this move has been the positive trend in the earnings estimate revisions picture. For WRES’s full year estimate, we have seen 2 estimates go higher in the past 30 days, and there has been no downward revision over the same time frame. This trend has helped the consensus estimate to trend higher, going from 34 cents a share 30 days ago to its current level at 39 cents.
This positive shift in estimates has made some investors take notice and buy the stock. In fact, WRES has seen some pretty solid trading lately, as the company has moved higher by 12.5% in the past month.
If Warren Resources can keep up this great momentum on the earnings estimate front and continue to impress analysts, we could see more gains ahead for this company, suggesting that you might want to put WRES on your watch list for the future.
Other top-ranked stocks worth considering in this space include Athlon Energy Inc. , Cabot Oil & Gas Corporation ( COG - Analyst Report) and Linn Co, LLC . All these carry a Zacks Rank #1 (Strong Buy).
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