Resolute Energy Corp (REN) Major Shareholder Kemc Fund Iv Gp, Llc Acquires 445,845 Shares of Stock

Resolute Energy Corp (NYSE:REN) major shareholder Kemc Fund Iv Gp, Llc purchased 445,845 shares of the firm’s stock in a transaction dated Thursday, November 1st. The shares were purchased at an average cost of $26.81 per share, for a total transaction of $11,953,104.45. The purchase was disclosed in a document filed with the SEC, which is available through this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Kemc Fund Iv Gp, Llc also recently made the following trade(s):

  • On Tuesday, October 30th, Kemc Fund Iv Gp, Llc purchased 295,845 shares of Resolute Energy stock. The shares were purchased at an average cost of $25.95 per share, for a total transaction of $7,677,177.75.

Shares of NYSE:REN opened at $28.69 on Friday. The company has a market cap of $639.40 million, a PE ratio of 478.17 and a beta of 3.36. Resolute Energy Corp has a 12 month low of $24.60 and a 12 month high of $39.28.

Resolute Energy (NYSE:REN) last posted its earnings results on Monday, August 6th. The oil and gas exploration company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.26). Resolute Energy had a negative net margin of 10.99% and a negative return on equity of 16.12%. The company had revenue of $73.38 million during the quarter, compared to analysts’ expectations of $76.24 million. During the same period in the previous year, the company posted $0.47 EPS. Resolute Energy’s quarterly revenue was up 4.4% compared to the same quarter last year. As a group, research analysts expect that Resolute Energy Corp will post 1.96 earnings per share for the current fiscal year.

Hedge funds have recently bought and sold shares of the stock. LPL Financial LLC purchased a new stake in Resolute Energy in the 1st quarter valued at approximately $247,000. Engineers Gate Manager LP purchased a new stake in Resolute Energy in the 3rd quarter valued at approximately $619,000. Fondren Management LP purchased a new stake in Resolute Energy in the 2nd quarter valued at approximately $624,000. Brown Advisory Inc. lifted its stake in Resolute Energy by 90.1% in the 1st quarter. Brown Advisory Inc. now owns 18,805 shares of the oil and gas exploration company’s stock valued at $652,000 after buying an additional 8,911 shares in the last quarter. Finally, Swiss National Bank lifted its stake in Resolute Energy by 12.3% in the 2nd quarter. Swiss National Bank now owns 34,800 shares of the oil and gas exploration company’s stock valued at $1,086,000 after buying an additional 3,800 shares in the last quarter.

Separately, ValuEngine raised Resolute Energy from a “sell” rating to a “hold” rating in a research note on Tuesday, August 14th. One analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $39.83.

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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