Resolute Energy Corp. (REN) Stock Price Down 7.9%
Resolute Energy Corp. (NYSE:REN)’s share price traded down 7.9% during trading on Monday . The stock traded as low as $6.23 and last traded at $6.33, with a volume of 244,220 shares changing hands. The stock had previously closed at $6.87.
Several research firms have recently issued reports on REN. Zacks Investment Research raised shares of Resolute Energy Corp. from a “hold” rating to a “buy” rating and set a $8.50 price objective for the company in a research report on Thursday, July 14th. Barclays PLC raised shares of Resolute Energy Corp. from an “underweight” rating to an “equal weight” rating and lifted their price objective for the stock from $4.00 to $8.00 in a research report on Wednesday, July 13th. Northland Securities raised shares of Resolute Energy Corp. from a “market perform” rating to an “outperform” rating in a research report on Monday, July 11th. Johnson Rice raised shares of Resolute Energy Corp. from an “accumulate” rating to a “buy” rating in a research report on Monday, July 11th. Finally, Wunderlich raised shares of Resolute Energy Corp. from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $4.00 to $8.00 in a research report on Monday, July 11th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $5.96.
The company has a 50 day moving average of $4.94 and a 200 day moving average of $3.42. The company’s market cap is $93.79 million.
Resolute Energy Corp. (NYSE:REN) last issued 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 company had revenue of $19 million for the quarter, compared to analysts’ expectations of $50.68 million. During the same period last year, the business earned ($2.80) earnings per share. The business’s revenue was down 53.8% compared to the same quarter last year. Equities research analysts predict that Resolute Energy Corp. will post $0.49 earnings per share for the current fiscal year.
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. Its properties are Aneth Field located in the Paradox Basin in southeast Utah (the Aneth Field Properties or Aneth Field), and the Permian Basin in Texas and southeast New Mexico (the Permian Properties or Permian Basin Properties).
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