Resolute Energy Corp. (REN) Hits New 52-Week High at $8.30
Resolute Energy Corp. (NYSE:REN)’s share price hit a new 52-week high on Monday . The company traded as high as $8.30 and last traded at $7.81, with a volume of 1,340,713 shares. The stock had previously closed at $7.71.
A number of equities research analysts have commented on REN shares. Zacks Investment Research cut shares of Resolute Energy Corp. from a “hold” rating to a “sell” rating in a report on Wednesday, May 11th. Northland Securities upgraded shares of Resolute Energy Corp. from a “market perform” rating to an “outperform” rating in a report on Monday, July 11th. Barclays PLC raised their price target on shares of Resolute Energy Corp. from $1.00 to $4.00 and gave the stock an “underweight” rating in a report on Tuesday, June 14th. Wunderlich upgraded shares of Resolute Energy Corp. from a “hold” rating to a “buy” rating and raised their price target for the stock from $4.00 to $8.00 in a report on Monday, July 11th. Finally, Johnson Rice upgraded shares of Resolute Energy Corp. from an “accumulate” rating to a “buy” rating in a report on Monday, July 11th. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $5.82.
The firm’s market capitalization is $119.22 million. The stock’s 50-day moving average price is $3.85 and its 200 day moving average price is $3.19.
Resolute Energy Corp. (NYSE:REN) last released its earnings results on Monday, May 9th. The oil and gas exploration company reported ($1.13) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.06) by $1.07. The company earned $19 million during the quarter, compared to analyst estimates of $50.68 million. During the same quarter in the previous year, the business posted ($2.80) earnings per share. The firm’s quarterly revenue was down 53.8% compared to the same quarter last year. On average, equities analysts anticipate that Resolute Energy Corp. will post $0.49 EPS for the current fiscal year.
In other Resolute Energy Corp. news, major shareholder Advisory Corp Spo sold 10,000,000 shares of Resolute Energy Corp. stock in a transaction that occurred on Thursday, April 28th. The stock was sold at an average price of $0.51, for a total transaction of $5,100,000.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Resolute Energy Corporation is an independent oil and gas company. The Company is engaged in the exploitation, development, exploration for and acquisition of oil and gas properties. The Company’s asset base consists primarily of properties in Aneth Field located in the Paradox Basin in southeast Utah (the Aneth Field Properties or Aneth Field), the Permian Basin in Texas and southeast New Mexico (the Permian Properties or Permian Basin Properties), and the Powder River and Big Horn Basins in Wyoming (the Wyoming Properties).
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