News coverage about Resolute Energy (NYSE:REN) has been trending somewhat positive recently, according to Accern. The research firm rates the sentiment of press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Resolute Energy earned a media sentiment score of 0.13 on Accern’s scale. Accern also gave news articles about the oil and gas exploration company an impact score of 46.0835352978731 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Shares of Resolute Energy (NYSE:REN) opened at $36.58 on Friday. Resolute Energy has a 52-week low of $23.64 and a 52-week high of $49.14. The stock has a market capitalization of $823.19, a P/E ratio of -26.90 and a beta of 3.42. 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 (NYSE:REN) last released 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 Zacks’ 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 posted ($1.24) earnings per share. The firm’s revenue was up 72.2% on a year-over-year basis. sell-side analysts anticipate that Resolute Energy will post 0.6 EPS for the current year.
REN has been the subject of several recent research reports. Barclays reissued a “buy” rating and set a $36.00 price target on shares of Resolute Energy in a research report on Sunday, December 24th. Northland Securities set a $40.00 price target on Resolute Energy and gave the company a “buy” rating in a research report on Monday, December 11th. Goldman Sachs Group set a $37.00 price target on Resolute Energy and gave the company a “buy” rating in a research report on Wednesday, December 6th. Imperial Capital reissued a “buy” rating and set a $50.00 price target on shares of Resolute Energy in a research report on Monday, September 18th. Finally, KLR Group reaffirmed a “buy” rating and issued a $64.00 price objective (up from $60.00) on shares of Resolute Energy in a research report on Friday, September 15th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $45.29.
In other news, insider Nicholas J. Sutton sold 9,999 shares of the stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $27.29, for a total transaction of $272,872.71. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director James E. Duffy sold 2,000 shares of the 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 sold 19,999 shares of company stock valued at $559,458. Insiders own 7.30% of the company’s stock.
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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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