Seaport Global Securities cut shares of Resolute Energy (NYSE:REN) from a buy rating to a hold rating in a research note published on Tuesday morning, MarketBeat Ratings reports. Seaport Global Securities also issued estimates for Resolute Energy’s Q1 2018 earnings at $0.66 EPS, Q2 2018 earnings at $0.88 EPS, Q3 2018 earnings at $1.75 EPS, Q4 2018 earnings at $2.23 EPS, FY2018 earnings at $5.52 EPS, Q1 2019 earnings at $2.47 EPS, Q2 2019 earnings at $2.33 EPS, Q3 2019 earnings at $2.39 EPS, Q4 2019 earnings at $2.54 EPS and FY2019 earnings at $9.74 EPS.
Several other equities research analysts also recently commented on the company. Zacks Investment Research upgraded Resolute Energy from a hold rating to a strong-buy rating and set a $42.00 price objective for the company in a report on Tuesday, January 16th. Goldman Sachs set a $37.00 price target on Resolute Energy and gave the stock a buy rating in a report on Wednesday, December 6th. Barclays reiterated a buy rating and set a $36.00 price target on shares of Resolute Energy in a report on Sunday, December 24th. Northland Securities set a $40.00 price target on Resolute Energy and gave the stock a buy rating in a report on Monday, December 11th. Finally, B. Riley assumed coverage on Resolute Energy in a report on Monday, February 5th. They set a neutral rating and a $39.00 price target for the company. Two analysts have rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company. The company currently has a consensus rating of Hold and an average target price of $43.22.
NYSE REN opened at $35.01 on Tuesday. The company has a market cap of $787.64, a PE ratio of 583.50 and a beta of 3.22. Resolute Energy has a 52 week low of $23.64 and a 52 week high of $45.63. The company has a quick ratio of 0.48, a current ratio of 0.48 and a debt-to-equity ratio of -7.40.
Resolute Energy (NYSE:REN) last released its quarterly earnings data on Monday, March 12th. The oil and gas exploration company reported $0.42 EPS for the quarter, beating the Thomson Reuters’ consensus estimate 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 return on equity of 25.97% and a negative net margin of 1.23%. The company’s quarterly revenue was up 10.1% on a year-over-year basis. During the same quarter in the previous year, the company posted ($1.23) earnings per share. equities analysts anticipate that Resolute Energy will post 3.93 earnings per share for the current fiscal year.
A number of institutional investors have recently made changes to their positions in REN. Brown Advisory Inc. bought a new stake in Resolute Energy during the third quarter worth $233,000. Jane Street Group LLC bought a new stake in Resolute Energy during the third quarter worth $270,000. MetLife Investment Advisors LLC purchased a new position in Resolute Energy in the fourth quarter worth $348,000. Swiss National Bank boosted its position in Resolute Energy by 9.2% in the fourth quarter. Swiss National Bank now owns 31,000 shares of the oil and gas exploration company’s stock worth $976,000 after purchasing an additional 2,600 shares during the last quarter. Finally, Ameriprise Financial Inc. purchased a new position in Resolute Energy in the third quarter worth $1,155,000.
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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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