3 Long Term Potential Stocks: Cytokinetics, Inc.(CYTK), Warren Resources, Inc.(WRES) and Approach Resources Inc.(AREX)
New York, NY – GDP INSIDER – 02/18/2015.
This article discusses three companies: Cytokinetics, Inc.(NASDAQ:CYTK), Warren Resources, Inc.(NASDAQ:WRES) and Approach Resources Inc.(NASDAQ:AREX)
Cytokinetics, Inc.(NASDAQ:CYTK) jumped 5.01% as the stock gained $0.39 to move to a closing price of $8.17 yesterday, which may be attributed to the announcement of its fourth quarter earnings results for 2014 on February 12th, 2015. The company reported revenue of $21.8 million for 4Q14, which is $2.5 million lower than $24.3 million in the fourth quarter year ago, and $46.9 million for full year. Over the past one week and over the past one month, the shares of Cytokinetics, Inc have surged 30.72% and 11.92%, respectively. Additionally, the stock has surged 80.75% over the past six months. Not only that, but the stock has also outperformed the S&P500 Index by 82.77% over the same period.
Warren Resources, Inc.(NASDAQ:WRES) enjoyed an increase of 6.30% in value as the stock gained eight cents to move to a closing price of $1.35. Despite the gain, the stock still remains well below its one year high of $7.02. The independent energy company has a gross margin of 69.50% and an operating margin of 26%. Warren Resources, Inc still has a long way to go to meet its one year price target estimate of $1.80 but is still holding well above its 20 day moving average of $1.19.
Approach Resources Inc.(NASDAQ:AREX) has performed well over the past one month. The stock is up 38.02% compared to the S&P500 Index that is up 3.85% over the same period. The stock closed $0.49 up yesterday or 6.01% ending up at $8.64 on higher than average trading volume of 2.12 million shares, compared to its three month average trading volume of 1.72 million. The stock is holding 21.48% and 33.44% well above its 20 day moving average of $7.24 and 50 day moving average of $6.49, respectively. On February 12, analysts at Northland Capital reiterated their ‘market perform’ rating on the shares Approach Resources Inc and upgraded their price target from $6 to $7.50 per share.
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