Resolute Energy Corporation (NYSE:REN) has earned a consensus recommendation of “Hold” from the eleven analysts that are presently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and seven have given a buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $43.83.
Several equities research analysts recently commented on REN shares. Northland Securities set a $50.00 price objective on Resolute Energy and gave the stock a “buy” rating in a report on Thursday, November 16th. Barclays restated an “overweight” rating and set a $37.00 price target on shares of Resolute Energy in a research note on Monday, November 20th. ValuEngine downgraded Resolute Energy from a “hold” rating to a “sell” rating in a research note on Wednesday, September 6th. Goldman Sachs Group upgraded Resolute Energy from a “neutral” rating to a “buy” rating and set a $32.00 price target for the company in a research note on Thursday, October 19th. They noted that the move was a valuation call. Finally, KLR Group restated a “buy” rating and set a $64.00 price target (up from $60.00) on shares of Resolute Energy in a research note on Friday, September 15th.
Resolute Energy (REN) traded down $0.20 during midday trading on Monday, reaching $26.43. The company had a trading volume of 628,860 shares, compared to its average volume of 542,610. Resolute Energy has a 52 week low of $23.64 and a 52 week high of $49.14. 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 (NYSE:REN) last released its quarterly earnings data on Monday, November 6th. The oil and gas exploration company reported $0.15 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.21). The company 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) EPS. The business’s quarterly revenue was up 72.2% compared to the same quarter last year. sell-side analysts expect that Resolute Energy will post 0.6 EPS for the current year.
In other news, Director James E. Duffy sold 2,500 shares of Resolute Energy stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $27.99, for a total transaction of $69,975.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director James E. Duffy sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, December 7th. The stock was sold at an average price of $28.04, for a total value of $56,080.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 8,000 shares of company stock worth $229,845. Insiders own 7.30% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Northpointe Capital LLC purchased a new position in Resolute Energy in the 2nd quarter worth approximately $152,000. Legal & General Group Plc purchased a new stake in shares of Resolute Energy during the 2nd quarter worth approximately $168,000. Bank of America Corp DE raised its holdings in shares of Resolute Energy by 799.4% during the 1st quarter. Bank of America Corp DE now owns 4,803 shares of the oil and gas exploration company’s stock worth $194,000 after acquiring an additional 4,269 shares in the last quarter. Parametric Portfolio Associates LLC raised its holdings in shares of Resolute Energy by 6.7% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 7,507 shares of the oil and gas exploration company’s stock worth $223,000 after acquiring an additional 470 shares in the last quarter. Finally, Brown Advisory Inc. purchased a new stake in shares of Resolute Energy during the 3rd quarter worth approximately $233,000. 97.83% of the stock is currently owned by institutional investors.
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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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