Resolute Energy Corp. (REN) Sets New 1-Year High at $16.04
Resolute Energy Corp. (NYSE:REN) hit a new 52-week high on Monday . The company traded as high as $16.04 and last traded at $15.91, with a volume of 2,020,511 shares changing hands. The stock had previously closed at $14.43.
A number of brokerages have weighed in on REN. Wunderlich lifted their price objective on Resolute Energy Corp. from $8.00 to $15.00 and gave the company a “buy” rating in a report on Wednesday, August 10th. Zacks Investment Research lowered Resolute Energy Corp. from a “buy” rating to a “hold” rating in a report on Friday, July 15th. Barclays PLC raised Resolute Energy Corp. from an “underweight” rating to an “equal weight” rating and lifted their price objective for the company from $4.00 to $8.00 in a report on Wednesday, July 13th. Northland Securities raised Resolute Energy Corp. from a “market perform” rating to an “outperform” rating in a report on Monday, July 11th. Finally, Johnson Rice raised Resolute Energy Corp. from an “accumulate” rating to a “buy” rating in a report on Monday, July 11th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $10.50.
The stock’s market cap is $250.67 million. The company has a 50 day moving average of $6.48 and a 200 day moving average of $3.83.
Resolute Energy Corp. (NYSE:REN) last released its quarterly earnings data on Monday, August 8th. The oil and gas exploration company reported ($2.44) earnings per share for the quarter, missing the consensus estimate of ($0.03) by $2.41. The company had revenue of $35.40 million for the quarter, compared to analysts’ expectations of $51.82 million. The firm’s revenue for the quarter was down 26.9% compared to the same quarter last year. During the same quarter last year, the business posted ($3.46) EPS. On average, equities research analysts expect 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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