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Warren Resources (WRES) in Focus: Stock Jumps 7.4%

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Warren Resources Inc. (WRES) was a big mover last session, as the company saw its shares rise more than 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 $4.62 to $4.89 in the past one-month time frame.

This U.S.-based oil exploration and production stock witnessed one positive estimate revision over the past 30 days. The Zacks Consensus Estimate however 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 carries a Zacks Rank #3 (Hold), while its Earnings ESP is 0.00%.

However, some better-ranked stocks from the same sector include Range Resources Corporation (RRC - Free Report) , Abraxas Petroleum Corp. (AXAS - Free Report) and Approach Resources, Inc. (AREX - Free Report) . While Range Resources sports a Zacks Rank #1 (Strong Buy), Abraxas Petroleum Corp and Approach Resources hold a Zacks Rank #2 (Buy).

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