Resolute Energy Corp. (REN) Reaches New 52-Week High at $8.30
Resolute Energy Corp. (NYSE:REN)’s share price reached a new 52-week high during trading 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 analysts recently commented on the stock. Zacks Investment Research raised shares of Resolute Energy Corp. from a “sell” rating to a “hold” rating in a research note on Tuesday, May 17th. Johnson Rice raised shares of Resolute Energy Corp. from an “accumulate” rating to a “buy” rating in a research note on Monday, July 11th. Barclays PLC raised shares of Resolute Energy Corp. from an “underweight” rating to an “equal weight” rating and lifted their price target for the stock from $4.00 to $8.00 in a research note on Wednesday, July 13th. Wunderlich raised shares of Resolute Energy Corp. from a “hold” rating to a “buy” rating and lifted their price target for the stock from $4.00 to $8.00 in a research note on Monday, July 11th. Finally, Northland Securities raised shares of Resolute Energy Corp. from a “market perform” rating to an “outperform” rating in a research note on Monday, July 11th. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $5.82.
The company’s market cap is $111.61 million. The company has a 50-day moving average price of $4.07 and a 200 day moving average price of $3.24.
Resolute Energy Corp. (NYSE:REN) last announced its quarterly earnings data on Monday, May 9th. The oil and gas exploration company reported ($1.13) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by $1.07. During the same period in the previous year, the company posted ($2.80) earnings per share. The company had revenue of $19 million for the quarter, compared to the consensus estimate of $50.68 million. The company’s quarterly revenue was down 53.8% compared to the same quarter last year. On average, equities research analysts anticipate 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 dated 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 legal filing with the Securities & Exchange Commission, which is available at this link.
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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