JPMorgan Chase & Co. grew its position in Resolute Energy Corporation (NYSE:REN) by 4.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 234,495 shares of the oil and gas exploration company’s stock after acquiring an additional 10,283 shares during the quarter. JPMorgan Chase & Co. owned 1.04% of Resolute Energy worth $7,152,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also recently added to or reduced their stakes in REN. FNY Partners Fund LP boosted its holdings in Resolute Energy by 1,421.4% during the 3rd quarter. FNY Partners Fund LP now owns 21,300 shares of the oil and gas exploration company’s stock valued at $632,000 after acquiring an additional 19,900 shares during the period. Ameriprise Financial Inc. purchased a new position in Resolute Energy during the 3rd quarter valued at $1,155,000. Quantbot Technologies LP boosted its holdings in Resolute Energy by 50,603.0% during the 3rd quarter. Quantbot Technologies LP now owns 16,732 shares of the oil and gas exploration company’s stock valued at $496,000 after acquiring an additional 16,699 shares during the period. Russell Investments Group Ltd. boosted its holdings in Resolute Energy by 106.8% during the 3rd quarter. Russell Investments Group Ltd. now owns 65,392 shares of the oil and gas exploration company’s stock valued at $1,942,000 after acquiring an additional 33,775 shares during the period. Finally, Principal Financial Group Inc. boosted its holdings in Resolute Energy by 55.7% during the 3rd quarter. Principal Financial Group Inc. now owns 252,209 shares of the oil and gas exploration company’s stock valued at $7,488,000 after acquiring an additional 90,186 shares during the period. 97.76% of the stock is currently owned by institutional investors and hedge funds.
In other Resolute Energy news, Director James E. Duffy sold 2,500 shares of the stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $27.99, for a total transaction of $69,975.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director James E. Duffy sold 3,000 shares of the stock in a transaction that occurred on Wednesday, December 27th. The shares were sold at an average price of $30.96, for a total value of $92,880.00. The disclosure for this sale can be found here. Insiders have sold 19,999 shares of company stock worth $559,458 in the last quarter. 7.30% of the stock is currently owned by company insiders.
REN has been the subject of a number of research analyst reports. Northland Securities set a $50.00 target price on Resolute Energy and gave the company a “buy” rating in a research report on Thursday, November 16th. Barclays reaffirmed an “overweight” rating and set a $37.00 target price on shares of Resolute Energy in a research report on Monday, November 20th. Goldman Sachs Group 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. KLR Group reissued a “buy” rating and issued a $64.00 price target (up from $60.00) on shares of Resolute Energy in a research report on Friday, September 15th. Finally, BMO Capital Markets lowered Resolute Energy from an “outperform” rating to a “market perform” rating and set a $35.00 price target for the company. in a research report on Monday, September 18th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $45.29.
Shares of Resolute Energy Corporation (NYSE REN) opened at $36.58 on Friday. The company has a debt-to-equity ratio of -8.75, a quick ratio of 0.42 and a current ratio of 0.42. The firm has a market capitalization of $823.19, a PE ratio of -26.90 and a beta of 3.42. Resolute Energy Corporation has a one year low of $23.64 and a one year high of $49.14.
Resolute Energy (NYSE:REN) last issued 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 firm had revenue of $81.60 million during the quarter, compared to analysts’ expectations of $86.76 million. The firm’s revenue was up 72.2% on a year-over-year basis. During the same quarter last year, the firm earned ($1.24) EPS. equities research analysts forecast that Resolute Energy Corporation will post 0.6 earnings per share for the current year.
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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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