Resolute Energy Corp. (REN) Trading Up 8.8%
Resolute Energy Corp. (NYSE:REN) was up 8.8% during trading on Thursday . The company traded as high as $6.77 and last traded at $6.77, with a volume of 386,184 shares changing hands. The stock had previously closed at $6.22.
A number of equities research analysts have commented on REN shares. Zacks Investment Research downgraded Resolute Energy Corp. from a “hold” rating to a “sell” rating in a report on Wednesday, May 11th. Barclays PLC raised their price target on Resolute Energy Corp. from $1.00 to $4.00 and gave the company an “underweight” rating in a research report on Tuesday, June 14th. Wunderlich upgraded Resolute Energy Corp. from a “hold” rating to a “buy” rating and raised their price target for the company from $4.00 to $8.00 in a research report on Monday, July 11th. Johnson Rice upgraded Resolute Energy Corp. from an “accumulate” rating to a “buy” rating in a research report on Monday, July 11th. Finally, Northland Securities upgraded Resolute Energy Corp. from a “market perform” rating to an “outperform” rating in a research report on Monday, July 11th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $5.96.
The company’s market capitalization is $102.78 million. The company has a 50 day moving average price of $5.36 and a 200-day moving average price of $3.53.
Resolute Energy Corp. (NYSE:REN) last issued its quarterly earnings data on Monday, May 9th. The oil and gas exploration company reported ($1.13) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.06) by $1.07. During the same period in the prior year, the firm posted ($2.80) EPS. The company earned $19 million during the quarter, compared to analysts’ expectations of $50.68 million. Resolute Energy Corp.’s revenue was down 53.8% compared to the same quarter last year. On average, equities analysts expect that Resolute Energy Corp. will post $0.49 earnings per share for the current 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).
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.