Resolute Energy Corp. (REN) Hits New 12-Month High at $8.40
Resolute Energy Corp. (NYSE:REN)’s share price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $8.40 and last traded at $8.35, with a volume of 1,627,340 shares traded. The stock had previously closed at $6.75.
Several equities analysts have issued reports on the company. Zacks Investment Research cut Resolute Energy Corp. from a “buy” rating to a “hold” rating in a research report on Friday, July 15th. Barclays PLC upgraded Resolute Energy Corp. from an “underweight” rating to an “equal weight” rating and boosted their target price for the stock from $4.00 to $8.00 in a research report on Wednesday, July 13th. Northland Securities upgraded Resolute Energy Corp. from a “market perform” rating to an “outperform” rating 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, Wunderlich upgraded Resolute Energy Corp. from a “hold” rating to a “buy” rating and upped their price target for the stock from $4.00 to $8.00 in a report on Monday, July 11th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $5.96.
The company’s market cap is $127.14 million. The stock’s 50 day moving average price is $5.50 and its 200-day moving average price is $3.57.
Resolute Energy Corp. (NYSE:REN) last issued its earnings results on Monday, August 8th. The oil and gas exploration company reported ($2.44) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.03) by $2.41. During the same quarter in the prior year, the company earned ($3.46) earnings per share. The business had revenue of $35.40 million for the quarter, compared to analysts’ expectations of $51.82 million. The firm’s revenue was down 26.9% compared to the same quarter last year. On average, equities research analysts forecast 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).
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