Phocas Financial Corp. decreased its holdings in Resolute Energy Corp (NYSE:REN) by 4.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 121,358 shares of the oil and gas exploration company’s stock after selling 5,155 shares during the period. Phocas Financial Corp. owned about 0.54% of Resolute Energy worth $3,819,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also bought and sold shares of the company. Parametric Portfolio Associates LLC grew its stake in shares of Resolute Energy by 6.7% in the second 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. Brown Advisory Inc. acquired a new position in shares of Resolute Energy in the third quarter worth $233,000. Jane Street Group LLC acquired a new position in shares of Resolute Energy in the third quarter worth $270,000. MetLife Investment Advisors LLC acquired a new position in shares of Resolute Energy in the fourth quarter worth $348,000. Finally, Quantbot Technologies LP grew its stake in shares of Resolute Energy by 50,603.0% in the third quarter. Quantbot Technologies LP now owns 16,732 shares of the oil and gas exploration company’s stock worth $496,000 after acquiring an additional 16,699 shares in the last quarter.
In related news, Director James E. Duffy sold 3,000 shares of the business’s stock in a transaction on Wednesday, December 27th. The shares were sold at an average price of $30.96, for a total transaction of $92,880.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 7.30% of the company’s stock.
REN has been the subject of several research reports. Zacks Investment Research upgraded shares of Resolute Energy from a “hold” rating to a “strong-buy” rating and set a $42.00 price target for the company in a research note on Tuesday, January 16th. Goldman Sachs set a $37.00 price target on shares of Resolute Energy and gave the stock a “buy” rating in a research note on Wednesday, December 6th. Barclays restated a “buy” rating and issued a $36.00 price target on shares of Resolute Energy in a research note on Sunday, December 24th. Northland Securities set a $40.00 price target on shares of Resolute Energy and gave the stock a “buy” rating in a research note on Monday, December 11th. Finally, B. Riley started coverage on shares of Resolute Energy in a research note on Monday, February 5th. They issued a “neutral” rating and a $39.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $43.22.
Resolute Energy stock opened at $35.31 on Thursday. The company has a debt-to-equity ratio of -7.40, a quick ratio of 0.48 and a current ratio of 0.48. The company has a market cap of $772.78, a price-to-earnings ratio of -86.12 and a beta of 3.33. Resolute Energy Corp has a 12 month low of $23.64 and a 12 month high of $45.70.
Resolute Energy (NYSE:REN) last issued its earnings results on Monday, March 12th. The oil and gas exploration company reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.02. The firm had revenue of $89.23 million during the quarter, compared to the consensus estimate of $87.71 million. Resolute Energy had a negative net margin of 1.23% and a negative return on equity of 25.97%. The company’s revenue was up 10.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($1.23) earnings per share. analysts expect that Resolute Energy Corp will post 3.71 EPS for the current year.
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About Resolute Energy
Resolute Energy Corporation, an independent oil and gas company, engages in the acquisition, exploitation, exploration for, and development of oil and gas properties in the United States. Its principal project area is located in the Delaware Basin portion of the Permian Basin, Reeves County. As of December 31, 2017, it had interests in approximately 27,100 gross acres located in the Permian Basin of Texas; and its estimated net proved reserves were approximately 53.4 million barrels of oil equivalent.
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