Resolute Energy Corp (NYSE:REN) – Equities researchers at Capital One Financial cut their Q2 2018 earnings per share estimates for shares of Resolute Energy in a research note issued to investors on Tuesday, March 13th, Zacks Investment Research reports. Capital One Financial analyst R. Tullis now expects that the oil and gas exploration company will post earnings of $0.42 per share for the quarter, down from their previous estimate of $0.44. Capital One Financial also issued estimates for Resolute Energy’s Q4 2018 earnings at $1.09 EPS and FY2018 earnings at $2.51 EPS.
Other equities research analysts have also issued reports about the stock. ValuEngine lowered shares of Resolute Energy from a “hold” rating to a “sell” rating in a report on Friday, February 2nd. Seaport Global Securities lowered shares of Resolute Energy from a “buy” rating to a “hold” rating in a report on Tuesday. Northland Securities set a $45.00 price objective on shares of Resolute Energy and gave the company a “buy” rating in a report on Wednesday, March 14th. Zacks Investment Research lowered shares of Resolute Energy from a “strong-buy” rating to a “hold” rating in a report on Friday, February 9th. Finally, Barclays restated a “buy” rating and set a $36.00 target price on shares of Resolute Energy in a research report on Sunday, December 24th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the stock. Resolute Energy has a consensus rating of “Hold” and a consensus price target of $43.22.
Shares of REN traded up $0.01 during trading hours on Friday, reaching $35.01. 598,693 shares of the company traded hands, compared to its average volume of 480,417. The firm has a market capitalization of $787.64, a PE ratio of 583.50 and a beta of 3.22. The company has a debt-to-equity ratio of -7.40, a current ratio of 0.48 and a quick ratio of 0.48. Resolute Energy has a 12-month low of $23.64 and a 12-month high of $45.63.
Resolute Energy (NYSE:REN) last announced its quarterly earnings data on Monday, March 12th. The oil and gas exploration company reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.02. The firm had revenue of $89.23 million for the quarter, compared to analyst estimates of $87.71 million. Resolute Energy had a negative net margin of 1.23% and a negative return on equity of 25.97%. The business’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same period in the previous year, the company earned ($1.23) earnings per share.
A number of hedge funds and other institutional investors have recently bought and sold shares of REN. Parametric Portfolio Associates LLC lifted its position in Resolute Energy by 6.7% during the second quarter. Parametric Portfolio Associates LLC now owns 7,507 shares of the oil and gas exploration company’s stock valued at $223,000 after purchasing an additional 470 shares during the period. The Manufacturers Life Insurance Company lifted its position in Resolute Energy by 2,395.4% during the second quarter. The Manufacturers Life Insurance Company now owns 17,293 shares of the oil and gas exploration company’s stock valued at $515,000 after purchasing an additional 16,600 shares during the period. California State Teachers Retirement System acquired a new position in Resolute Energy during the second quarter valued at $1,146,000. Boston Partners acquired a new position in Resolute Energy during the third quarter valued at $3,328,000. Finally, Principal Financial Group Inc. raised its position in shares of Resolute Energy by 55.7% in the third quarter. Principal Financial Group Inc. now owns 252,209 shares of the oil and gas exploration company’s stock worth $7,488,000 after acquiring an additional 90,186 shares during the period.
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Resolute Energy Company Profile
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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