Barclays PLC lowered its stake in shares of Resolute Energy Corp (NYSE:REN) by 90.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 32,372 shares of the oil and gas exploration company’s stock after selling 320,472 shares during the period. Barclays PLC’s holdings in Resolute Energy were worth $1,121,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently added to or reduced their stakes in the company. Dumac Inc. purchased a new stake in Resolute Energy during the fourth quarter worth about $4,639,000. BlackRock Inc. boosted its holdings in Resolute Energy by 2.2% during the fourth quarter. BlackRock Inc. now owns 1,399,693 shares of the oil and gas exploration company’s stock worth $44,049,000 after buying an additional 30,337 shares in the last quarter. Lion Point Capital LP acquired a new position in Resolute Energy during the fourth quarter worth about $30,683,000. Wells Fargo & Company MN raised its position in Resolute Energy by 11.1% during the fourth quarter. Wells Fargo & Company MN now owns 47,636 shares of the oil and gas exploration company’s stock worth $1,499,000 after acquiring an additional 4,770 shares during the last quarter. Finally, Carmignac Gestion acquired a new position in Resolute Energy during the first quarter worth about $18,711,000.
In other news, insider Nicholas J. Sutton sold 55,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 29th. The shares were sold at an average price of $33.56, for a total value of $1,845,800.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Richard F. Betz acquired 3,500 shares of the business’s stock in a transaction dated Tuesday, June 5th. The stock was purchased at an average cost of $29.00 per share, with a total value of $101,500.00. The disclosure for this purchase can be found here. Insiders own 11.20% of the company’s stock.
Resolute Energy opened at $32.31 on Friday, MarketBeat Ratings reports. 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 capitalization of $724.86 million, a PE ratio of 538.50 and a beta of 3.32. Resolute Energy Corp has a 1-year low of $23.64 and a 1-year high of $38.64.
Resolute Energy (NYSE:REN) last posted its quarterly earnings data on Monday, May 7th. The oil and gas exploration company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.28). The firm 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 quarterly revenue was up 15.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.01 EPS. research analysts anticipate that Resolute Energy Corp will post 2.77 earnings per share for the current fiscal year.
A number of equities analysts have issued reports on REN shares. Zacks Investment Research upgraded shares of Resolute Energy from a “sell” rating to a “hold” rating in a research report on Saturday, March 3rd. SunTrust Banks set a $44.00 target price on shares of Resolute Energy and gave the stock a “buy” rating in a research report on Wednesday, March 14th. Northland Securities set a $45.00 target price on shares of Resolute Energy and gave the stock a “buy” rating in a research report on Wednesday, March 14th. Seaport Global Securities cut shares of Resolute Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, April 3rd. Finally, Goldman Sachs Group cut shares of Resolute Energy from a “buy” rating to a “neutral” rating and set a $39.00 target price for the company. in a research report on Thursday, April 12th. Two analysts have rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $43.11.
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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