Resolute Energy Co. (NYSE:REN) – Equities researchers at Seaport Global Securities upped their Q1 2018 EPS estimates for Resolute Energy in a research note issued on Tuesday, according to Zacks Investment Research. Seaport Global Securities analyst M. Kelly now forecasts that the oil and gas exploration company will earn $0.25 per share for the quarter, up from their previous estimate of $0.23. Seaport Global Securities also issued estimates for Resolute Energy’s Q3 2018 earnings at $0.74 EPS and Q4 2018 earnings at $0.85 EPS.
Several other brokerages have also recently commented on REN. KLR Group restated a “buy” rating and set a $64.00 price objective (up from $60.00) on shares of Resolute Energy in a research note on Friday, September 15th. BidaskClub lowered shares of Resolute Energy from a “hold” rating to a “sell” rating in a report on Tuesday, August 8th. ValuEngine lowered shares of Resolute Energy from a “hold” rating to a “sell” rating in a report on Wednesday, September 6th. Northland Securities set a $60.00 price target on shares of Resolute Energy and gave the stock a “buy” rating in a report on Monday, July 17th. Finally, BMO Capital Markets lowered shares of Resolute Energy from an “outperform” rating to a “market perform” rating and set a $35.00 target price for the company. in a report on Monday, September 18th. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $48.23.
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Shares of Resolute Energy (NYSE REN) opened at $32.18 on Wednesday. The company has a quick ratio of 0.56, a current ratio of 0.42 and a debt-to-equity ratio of -8.75. Resolute Energy has a 12 month low of $23.64 and a 12 month high of $49.14.
Resolute Energy (NYSE:REN) last posted its earnings results on Monday, November 6th. The oil and gas exploration company reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.21). The business had revenue of $81.60 million for the quarter, compared to analyst estimates of $86.76 million. The business’s revenue for the quarter was up 72.2% on a year-over-year basis. During the same quarter last year, the business earned ($1.24) earnings per share.
A number of institutional investors have recently added to or reduced their stakes in the business. Wells Fargo & Company MN lifted its holdings in Resolute Energy by 109.1% in the third quarter. Wells Fargo & Company MN now owns 42,866 shares of the oil and gas exploration company’s stock valued at $1,274,000 after acquiring an additional 22,368 shares during the period. Trexquant Investment LP purchased a new position in shares of Resolute Energy in the third quarter valued at $546,000. JPMorgan Chase & Co. increased its position in shares of Resolute Energy by 4.6% in the third quarter. JPMorgan Chase & Co. now owns 234,495 shares of the oil and gas exploration company’s stock valued at $7,152,000 after buying an additional 10,283 shares in the last quarter. FNY Partners Fund LP increased its position in shares of Resolute Energy by 1,421.4% in the third quarter. FNY Partners Fund LP now owns 21,300 shares of the oil and gas exploration company’s stock valued at $632,000 after buying an additional 19,900 shares in the last quarter. Finally, Ameriprise Financial Inc. purchased a new position in shares of Resolute Energy in the third quarter valued at $1,155,000. 94.04% of the stock is owned by institutional investors.
In other news, Director James E. Duffy sold 2,500 shares of the stock in a transaction that occurred on Wednesday, September 27th. The stock was sold at an average price of $30.44, for a total value of $76,100.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 7.30% of the stock is currently owned by corporate insiders.
About Resolute Energy
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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