Form 8-K WARREN RESOURCES INC For: Dec 08
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Noble Financial Cuts Warren Resources (WRES) to Hold Following Recent Weakness
December 15, 2015 11:04 AM ESTNoble Financial downgrades Warren Resources (Nasdaq: WRES) from Buy to Hold amid recent weakness in the stock.
Analyst Michael Heim noted the following with today's call:
West Texas Intermediate oil prices continue to fall and have now reached a level in the mid $30's per barrel. Oil prices were near $90 fifteen months ago and $60 as recently as nine months ago. At the same time,... More