Shares of Resolute Energy Corp. (NYSE:REN) were down 5.5% during trading on Tuesday . The stock traded as low as $7.21 and last traded at $7.27, with a volume of 374,763 shares changing hands. The stock had previously closed at $7.69.

Several analysts recently weighed in on the stock. Zacks Investment Research downgraded 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 lifted their target price on shares of Resolute Energy Corp. from $1.00 to $4.00 and gave the company 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 lifted their target price for the company 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 investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $5.82.

The company has a 50-day moving average of $3.98 and a 200-day moving average of $3.21. The firm’s market capitalization is $111.61 million.

Resolute Energy Corp. (NYSE:REN) last released its quarterly earnings results on Monday, May 9th. The oil and gas exploration company reported ($1.13) EPS for the quarter, missing the consensus estimate of ($0.06) by $1.07. The firm had revenue of $19 million for the quarter, compared to analyst estimates of $50.68 million. Resolute Energy Corp.’s revenue was down 53.8% on a year-over-year basis. During the same quarter in the previous year, the company earned ($2.80) EPS. Analysts forecast that Resolute Energy Corp. will post $0.49 EPS for the current year.

In related news, major shareholder Advisory Corp Spo sold 10,000,000 shares of the company’s stock in a transaction that occurred on Thursday, April 28th. The shares were sold at an average price of $0.51, for a total transaction of $5,100,000.00. The sale was disclosed in a filing with the SEC, which is accessible 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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