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Warren Resources (Warren Resources) Net-Net Working Capital : $-6.13 (As of Dec. 2015)


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What is Warren Resources Net-Net Working Capital?

In calculating the Net-Net Working Capital (NNWC), Benjamin Graham assumed that a company's accounts receivable is only worth 75% its value, its inventory is only worth 50% of its value, but its liabilities have to be paid in full. In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. This is a conservative way of estimating the company's value.

Warren Resources's Net-Net Working Capital for the quarter that ended in Dec. 2015 was $-6.13.

The industry rank for Warren Resources's Net-Net Working Capital or its related term are showing as below:

WRESQ's Price-to-Net-Net-Working-Capital is not ranked *
in the Oil & Gas industry.
Industry Median: 5.21
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Warren Resources Net-Net Working Capital Historical Data

The historical data trend for Warren Resources's Net-Net Working Capital can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Warren Resources Net-Net Working Capital Chart

Warren Resources Annual Data
Trend Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1.82 -1.92 -1.93 -6.31 -6.13

Warren Resources Quarterly Data
Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15
Net-Net Working Capital Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -6.31 -6.34 -6.14 -6.26 -6.13

Competitive Comparison of Warren Resources's Net-Net Working Capital

For the Oil & Gas E&P subindustry, Warren Resources's Price-to-Net-Net-Working-Capital, along with its competitors' market caps and Price-to-Net-Net-Working-Capital data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Warren Resources's Price-to-Net-Net-Working-Capital Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Warren Resources's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Warren Resources's Price-to-Net-Net-Working-Capital falls into.



Warren Resources Net-Net Working Capital Calculation

Warren Resources's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2015 is calculated as

Net-Net Working Capital(A: Dec. 2015 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(28.212+0.75 * 9.88+0.5 * 0-558.026
-0.128-0)/85.2035
=-6.13

Warren Resources's Net-Net Working Capital (NNWC) per share for the quarter that ended in Dec. 2015 is calculated as

Net-Net Working Capital(Q: Dec. 2015 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(28.212+0.75 * 9.88+0.5 * 0-558.026
-0.128-0)/85.2035
=-6.13

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In calculating the Net-Net Working Capital (NNWC), Benjamin Graham assumed that a company's accounts receivable is only worth 75% its value, its inventory is only worth 50% of its value, but its liabilities have to be paid in full.

In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. In "Security Analysis", preferred stock is dubbed "an imperfect creditorship position" that is best placed on the balance sheet alongside funded debt.

This is a conservative way of estimating the company's value.


Warren Resources  (OTCPK:WRESQ) Net-Net Working Capital Explanation

One research study, covering the years 1970 through 1983 showed that portfolios picked at the beginning of each year, and held for one year, returned 29.4 percent, on average, over the 13-year period, compared to 11.5 percent for the S&P 500 Index. Other studies of Graham's strategy produced similar results.

Benjamin Graham looked for companies whose market values were less than two-thirds of their net-net value. They are collected under our Net-Net screener.


Warren Resources Net-Net Working Capital Related Terms

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Warren Resources (Warren Resources) Business Description

Traded in Other Exchanges
N/A
Address
Warren Resources Inc was incorporated on June 12, 1990 as a Delaware corporation. The Company is an independent energy company engaged in the exploration, development and production of domestic onshore crude oil and gas reserves. The Company primarily on the exploration and development of its waterflood oil recovery properties in the Wilmington field within the Los Angeles Basin of California, and its coalbed methane, or CBM, natural gas properties located in the Rocky Mountain region. As of December 31, 2013, the company owned natural gas and oil leasehold interests in approximately 123,943 gross (93,350 net) acres, approximately 80% of which are undeveloped. The Washakie Basin is located in the southeast portion of the Greater Green River Basin in southwestern Wyoming and represents its largest acreage position. As of December 31, 2013, the company owned 113,227 gross (87,683 net) acres prospective for CBM development in this area, of which 69,221 net acres were undeveloped. Warren owns certain deep rights below a portion of the Atlantic Rim CBM Project, which include an approximate 71,000 net acre position that is potentially prospective for hydrocarbon production from the Niobrara Shale and other deep formations. The Company sells its oil and natural gas production to various purchasers in the areas where the oil and natural gas is produced. Its drilling, completion, production, re-entry and land operations are conducted, managed and supervised for the company through Warren E&P, Inc., its wholly owned subsidiary. The Companys operations are subject to a wide variety of stringent federal, state and local laws and regulations governing the exploration and production of oil and natural gas, including discharge of materials into the environment or otherwise relating to environmental protection.
Executives
Tony Coelho director C/O PINNACLE GLOBAL GROUP, 5599 SAN FELIPE #1212, HOUSTON TX 77056
James A Watt officer: President & C.E.O. 410 17TH STREET, SUITE 1400, DENVER CO 80202
Marcus C Rowland director 920 MEMORIAL CITY WAY, SUITE 850, HOUSTON TX 77024
James M Mcconnell director C/O ESCO TECHNOLOGIES INC., 9900 A CLAYTON ROAD, ST. LOUIS MO 63124
Anthony L Coelho director 5210 E. WILLIAMS CIRCLE, SUITE 750, TUCSON AZ 85711

Warren Resources (Warren Resources) Headlines