Resolute Energy (NYSE:REN) has earned a consensus rating of “Hold” from the twelve ratings firms that are currently covering the company, Marketbeat reports. Two analysts have rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $43.63.
A number of research firms have recently weighed in on REN. ValuEngine downgraded Resolute Energy from a “sell” rating to a “strong sell” rating in a research note on Wednesday, May 2nd. SunTrust Banks downgraded Resolute Energy from a “buy” rating to a “hold” rating and set a $41.00 price target on the stock. in a research note on Monday, April 16th. Goldman Sachs downgraded Resolute Energy from a “buy” rating to a “neutral” rating and set a $39.00 price target on the stock. in a research note on Thursday, April 12th. Seaport Global Securities downgraded Resolute Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, April 3rd. Finally, Northland Securities set a $45.00 price target on Resolute Energy and gave the company a “buy” rating in a research note on Wednesday, March 14th.
Shares of Resolute Energy traded down $0.42, reaching $34.18, during trading hours on Thursday, Marketbeat reports. The company had a trading volume of 824,638 shares, compared to its average volume of 621,853. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of -6.88. The company has a market cap of $794.19 million, a P/E ratio of 569.67 and a beta of 3.28. Resolute Energy has a 1-year low of $34.35 and a 1-year high of $35.89.
Resolute Energy (NYSE:REN) last posted its quarterly earnings results on Monday, May 7th. The oil and gas exploration company reported $0.14 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.42 by ($0.28). The company had revenue of $74.70 million during the quarter, compared to analyst estimates of $73.17 million. Resolute Energy had a negative net margin of 5.72% and a negative return on equity of 37.53%. The business’s revenue for the quarter was up 15.6% compared to the same quarter last year. During the same period last year, the company earned $0.01 EPS. research analysts anticipate that Resolute Energy will post 2.99 earnings per share for the current fiscal year.
A number of institutional investors have recently modified their holdings of REN. Lion Point Capital LP acquired a new stake in Resolute Energy during the 4th quarter worth $30,683,000. Carmignac Gestion acquired a new stake in Resolute Energy during the 1st quarter worth $18,711,000. Cardinal Capital Management LLC CT raised its stake in Resolute Energy by 69.0% during the 1st quarter. Cardinal Capital Management LLC CT now owns 1,074,687 shares of the oil and gas exploration company’s stock worth $37,238,000 after buying an additional 438,649 shares during the period. VR Advisory Services Ltd raised its stake in Resolute Energy by 68.6% during the 1st quarter. VR Advisory Services Ltd now owns 983,000 shares of the oil and gas exploration company’s stock worth $34,061,000 after buying an additional 400,000 shares during the period. Finally, Penn Capital Management Co. Inc. raised its stake in Resolute Energy by 362.9% during the 4th quarter. Penn Capital Management Co. Inc. now owns 504,679 shares of the oil and gas exploration company’s stock worth $15,898,000 after buying an additional 395,659 shares during the period. 98.59% of the stock is currently owned by institutional investors and hedge funds.
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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