Boston Partners acquired a new position in Resolute Energy Corporation (NYSE:REN) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 112,090 shares of the oil and gas exploration company’s stock, valued at approximately $3,328,000. Boston Partners owned approximately 0.50% of Resolute Energy as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. Parkwood LLC raised its position in Resolute Energy by 75.1% during the third quarter. Parkwood LLC now owns 30,791 shares of the oil and gas exploration company’s stock worth $914,000 after acquiring an additional 13,210 shares in the last quarter. Northpointe Capital LLC grew its stake in shares of Resolute Energy by 2,915.7% in the third quarter. Northpointe Capital LLC now owns 153,799 shares of the oil and gas exploration company’s stock valued at $4,566,000 after acquiring an additional 148,699 shares in the last quarter. Fox Run Management L.L.C. acquired a new position in shares of Resolute Energy in the third quarter valued at about $442,000. Phocas Financial Corp. grew its stake in shares of Resolute Energy by 4.7% in the second quarter. Phocas Financial Corp. now owns 123,675 shares of the oil and gas exploration company’s stock valued at $3,682,000 after acquiring an additional 5,521 shares in the last quarter. Finally, Mesirow Financial Investment Management Inc. acquired a new position in shares of Resolute Energy in the second quarter valued at about $367,000. 97.83% of the stock is currently owned by institutional investors and hedge funds.
Resolute Energy Corporation (NYSE:REN) traded down $1.44 during mid-day trading on Monday, reaching $29.53. The company’s stock had a trading volume of 831,739 shares, compared to its average volume of 736,063. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of -8.75. Resolute Energy Corporation has a 1-year low of $23.64 and a 1-year high of $49.14.
Resolute Energy (NYSE:REN) last issued its quarterly earnings data on Monday, November 6th. The oil and gas exploration company reported $0.15 EPS for the quarter, missing the Thomson Reuters’ 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. During the same period last year, the firm earned ($1.24) earnings per share. The company’s quarterly revenue was up 72.2% compared to the same quarter last year. sell-side analysts expect that Resolute Energy Corporation will post 0.6 EPS for the current fiscal year.
In related news, Director James E. Duffy sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $27.99, for a total value of $69,975.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 7.30% of the stock is currently owned by insiders.
REN has been the topic of a number of analyst reports. Imperial Capital reiterated a “buy” rating and set a $50.00 price objective on shares of Resolute Energy in a research note on Monday, September 18th. BMO Capital Markets set a $35.00 price objective on shares of Resolute Energy and gave the stock a “hold” rating in a research note on Tuesday, October 24th. Goldman Sachs Group raised shares of Resolute Energy from a “neutral” rating to a “buy” rating and set a $32.00 target price for the company in a report on Thursday, October 19th. They noted that the move was a valuation call. Zacks Investment Research raised shares of Resolute Energy from a “strong sell” rating to a “hold” rating in a research report on Saturday, August 12th. Finally, SunTrust Banks reaffirmed a “buy” rating on shares of Resolute Energy in a research report on Friday, November 10th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and eight have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $45.10.
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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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