Resolute Energy Corp (NYSE:REN) Director James E. Duffy sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, December 27th. The stock was sold at an average price of $30.96, for a total transaction of $92,880.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Resolute Energy Corp (REN) opened at $36.72 on Friday. The company has a debt-to-equity ratio of -8.75, a current ratio of 0.42 and a quick ratio of 0.42. The stock has a market cap of $826.34, a PE ratio of -27.00 and a beta of 3.42. Resolute Energy Corp has a 12 month low of $23.64 and a 12 month high of $49.14.
Resolute Energy (NYSE:REN) last issued its quarterly earnings results 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 for the quarter, compared to the consensus estimate of $86.76 million. Resolute Energy’s quarterly revenue was up 72.2% compared to the same quarter last year. During the same period last year, the firm posted ($1.24) EPS. analysts anticipate that Resolute Energy Corp will post 0.6 earnings per share for the current year.
Several equities research analysts have recently commented on the stock. Imperial Capital reaffirmed a “buy” rating and issued a $50.00 target price on shares of Resolute Energy in a research report on Monday, September 18th. SunTrust Banks reaffirmed a “buy” rating on shares of Resolute Energy in a research report on Friday, November 10th. BMO Capital Markets cut shares of Resolute Energy from an “outperform” rating to a “market perform” rating and set a $35.00 target price for the company. in a research report on Monday, September 18th. They noted that the move was a valuation call. ValuEngine raised shares of Resolute Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, January 3rd. Finally, Goldman Sachs Group set a $37.00 target price on shares of Resolute Energy and gave the stock a “buy” rating in a research report on Wednesday, December 6th. One equities 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 company. The company currently has an average rating of “Buy” and an average target price of $45.29.
A number of large investors have recently added to or reduced their stakes in REN. Bank of America Corp DE increased its stake in 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 valued at $194,000 after purchasing an additional 4,269 shares in the last quarter. Russell Investments Group Ltd. increased its stake in Resolute Energy by 29.2% during the 2nd quarter. Russell Investments Group Ltd. now owns 31,617 shares of the oil and gas exploration company’s stock valued at $941,000 after purchasing an additional 7,152 shares in the last quarter. Schwab Charles Investment Management Inc. increased its stake in Resolute Energy by 375.0% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 45,980 shares of the oil and gas exploration company’s stock valued at $1,369,000 after purchasing an additional 36,300 shares in the last quarter. Rhumbline Advisers bought a new stake in Resolute Energy during the 2nd quarter valued at about $788,000. Finally, Bank of New York Mellon Corp increased its stake in Resolute Energy by 169.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 104,408 shares of the oil and gas exploration company’s stock valued at $3,108,000 after purchasing an additional 65,680 shares in the last quarter. Institutional investors and hedge funds own 97.76% of the company’s stock.
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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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