Resolute Energy Co. (NYSE:REN) has been assigned a $35.00 price target by equities researchers at BMO Capital Markets in a report released on Tuesday, October 24th. The firm currently has a “hold” rating on the oil and gas exploration company’s stock. BMO Capital Markets’ price target indicates a potential upside of 8.76% from the stock’s previous close.
Other analysts also recently issued reports about the company. Goldman Sachs Group, Inc. (The) raised Resolute Energy from a “neutral” rating to a “buy” rating and set a $32.00 price target for the company in a research report on Thursday, October 19th. They noted that the move was a valuation call. Imperial Capital reaffirmed a “buy” rating and set a $50.00 price target on shares of Resolute Energy in a research report on Monday, September 18th. KLR Group reaffirmed a “buy” rating and set a $64.00 price target (up from $60.00) on shares of Resolute Energy in a research report on Friday, September 15th. Northland Securities set a $60.00 price target on Resolute Energy and gave the company a “buy” rating in a research report on Monday, July 17th. Finally, Zacks Investment Research raised Resolute Energy from a “strong sell” rating to a “hold” rating in a research report on Saturday, August 12th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the stock. Resolute Energy presently has an average rating of “Hold” and an average price target of $48.23.
Resolute Energy (NYSE:REN) traded up $0.08 during mid-day trading on Tuesday, hitting $32.18. The stock had a trading volume of 501,800 shares, compared to its average volume of 744,465. Resolute Energy has a 52 week low of $23.64 and a 52 week high of $49.14. The company has a debt-to-equity ratio of -8.75, a quick ratio of 0.56 and a current ratio of 0.42.
Resolute Energy (NYSE:REN) last posted its earnings results on Monday, November 6th. The oil and gas exploration company reported $0.15 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.36 by ($0.21). The firm had revenue of $81.60 million during the quarter, compared to the consensus estimate of $86.76 million. The firm’s quarterly revenue was up 72.2% on a year-over-year basis. During the same quarter in the previous year, the company earned ($1.24) EPS. equities research analysts anticipate that Resolute Energy will post 0.61 EPS for the current fiscal year.
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In other news, Director James E. Duffy sold 2,500 shares of Resolute Energy stock in a transaction on Wednesday, September 27th. The stock was sold at an average price of $30.44, for a total value of $76,100.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 7.30% of the stock is currently owned by insiders.
A number of large investors have recently bought and sold shares of REN. Nationwide Fund Advisors bought a new stake in Resolute Energy during the first quarter worth about $432,000. Wells Fargo & Company MN lifted its stake in shares of Resolute Energy by 2.6% in the 1st quarter. Wells Fargo & Company MN now owns 3,079 shares of the oil and gas exploration company’s stock valued at $124,000 after acquiring an additional 79 shares during the last quarter. UBS Asset Management Americas Inc. bought a new stake in shares of Resolute Energy in the 1st quarter valued at about $218,000. JPMorgan Chase & Co. bought a new stake in shares of Resolute Energy in the 1st quarter valued at about $6,584,000. Finally, California Public Employees Retirement System lifted its stake in shares of Resolute Energy by 17.5% in the 1st quarter. California Public Employees Retirement System now owns 14,800 shares of the oil and gas exploration company’s stock valued at $598,000 after acquiring an additional 2,200 shares during the last quarter. 94.04% of the stock is owned by institutional investors.
Resolute Energy Company Profile
Resolute Energy Corporation is an independent oil and gas company. The Company is engaged in the exploitation, development, exploration for and acquisition of oil and gas properties. The Company’s assets are located primarily in the Delaware Basin in west Texas (the Permian Properties or Permian Basin Properties) and Aneth Field located in the Paradox Basin in southeast Utah (the Aneth Field Properties or Aneth Field).
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