Resolute Energy Corp (NYSE:REN) – Imperial Capital decreased their Q1 2018 EPS estimates for shares of Resolute Energy in a report issued on Wednesday, March 14th, according to Zacks Investment Research. Imperial Capital analyst J. Wangler now expects that the oil and gas exploration company will post earnings of $0.21 per share for the quarter, down from their prior estimate of $0.35. Imperial Capital also issued estimates for Resolute Energy’s Q3 2018 earnings at $1.00 EPS, Q4 2018 earnings at $1.63 EPS, FY2018 earnings at $3.26 EPS and FY2019 earnings at $7.84 EPS.
A number of other brokerages also recently weighed in on REN. Northland Securities set a $45.00 price target on Resolute Energy and gave the company a “buy” rating in a report on Wednesday, March 14th. Zacks Investment Research upgraded Resolute Energy from a “hold” rating to a “strong-buy” rating and set a $42.00 price target on the stock in a report on Tuesday, January 16th. SunTrust Banks set a $44.00 price target on Resolute Energy and gave the company a “buy” rating in a report on Wednesday, March 14th. Seaport Global Securities downgraded Resolute Energy from a “buy” rating to a “hold” rating in a report on Tuesday, April 3rd. Finally, B. Riley began coverage on Resolute Energy in a report on Monday, February 5th. They set a “neutral” rating and a $39.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $43.22.
Shares of REN stock traded up $0.01 on Friday, reaching $35.01. 598,693 shares of the company’s stock traded hands, compared to its average volume of 480,417. Resolute Energy has a 12-month low of $23.64 and a 12-month high of $45.63. The company has a current ratio of 0.48, a quick ratio of 0.48 and a debt-to-equity ratio of -7.40. The company has a market capitalization of $787.86, a price-to-earnings ratio of 583.50 and a beta of 3.22.
Resolute Energy (NYSE:REN) last announced its earnings results on Monday, March 12th. The oil and gas exploration company reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.02. Resolute Energy had a negative return on equity of 25.97% and a negative net margin of 1.23%. The company had revenue of $89.23 million for the quarter, compared to analyst estimates of $87.71 million. During the same period in the previous year, the firm earned ($1.23) earnings per share. Resolute Energy’s revenue for the quarter was up 10.1% compared to the same quarter last year.
Hedge funds and other institutional investors have recently modified their holdings of the business. Parametric Portfolio Associates LLC grew its stake in 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 valued at $223,000 after purchasing an additional 470 shares in the last quarter. Brown Advisory Inc. acquired a new stake in shares of Resolute Energy in the third quarter worth about $233,000. Jane Street Group LLC acquired a new stake in shares of Resolute Energy in the third quarter worth about $270,000. MetLife Investment Advisors LLC acquired a new stake in shares of Resolute Energy in the fourth quarter worth about $348,000. Finally, Quantbot Technologies LP lifted its position 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 buying an additional 16,699 shares during the last quarter.
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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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