Resolute Energy Corporation (NYSE:REN) Director James E. Duffy sold 1,500 shares of Resolute Energy stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $26.64, for a total transaction of $39,960.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.
Shares of Resolute Energy Corporation (REN) traded up $1.39 during trading on Thursday, hitting $36.58. The company had a trading volume of 662,685 shares, compared to its average volume of 563,503. The company has a debt-to-equity ratio of -8.75, a current ratio of 0.42 and a quick ratio of 0.42. Resolute Energy Corporation has a 1 year low of $23.64 and a 1 year high of $49.14. The firm has a market cap of $823.19, a P/E ratio of -26.90 and a beta of 3.42.
Resolute Energy (NYSE:REN) last issued its quarterly earnings data on Monday, November 6th. The oil and gas exploration company reported $0.15 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by ($0.21). The company had revenue of $81.60 million during the quarter, compared to analysts’ expectations of $86.76 million. Resolute Energy’s revenue was up 72.2% on a year-over-year basis. During the same period in the prior year, the company earned ($1.24) EPS. equities research analysts expect that Resolute Energy Corporation will post 0.6 earnings per share for the current fiscal year.
A number of research firms have recently issued reports on REN. Imperial Capital reiterated a “buy” rating and set a $50.00 price target on shares of Resolute Energy in a research report on Monday, September 18th. ValuEngine upgraded shares of Resolute Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, January 3rd. SunTrust Banks reiterated a “buy” rating on shares of Resolute Energy in a research report on Friday, November 10th. BMO Capital Markets set a $35.00 price target on shares of Resolute Energy and gave the company a “hold” rating in a research report on Tuesday, October 24th. Finally, Goldman Sachs Group set a $37.00 price objective on Resolute Energy and gave the stock a “buy” rating in a research report on Wednesday, December 6th. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the stock. Resolute Energy has an average rating of “Buy” and an average price target of $45.29.
Hedge funds have recently added to or reduced their stakes in the business. Fox Run Management L.L.C. purchased a new stake in Resolute Energy in the 3rd quarter worth approximately $442,000. Teachers Advisors LLC purchased a new stake in Resolute Energy in the 2nd quarter worth approximately $1,172,000. California State Teachers Retirement System purchased a new stake in Resolute Energy in the 2nd quarter worth approximately $1,146,000. Caxton Associates LP purchased a new stake in Resolute Energy in the 2nd quarter worth approximately $5,005,000. Finally, Monarch Alternative Capital LP grew its stake in Resolute Energy by 33.3% in the 3rd quarter. Monarch Alternative Capital LP now owns 1,816,300 shares of the oil and gas exploration company’s stock worth $53,926,000 after acquiring an additional 453,251 shares during the period. 97.76% of the stock is owned by hedge funds and other institutional investors.
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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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