Resolute Energy Corp. (REN) Sees Strong Trading Volume
Resolute Energy Corp. (NYSE:REN) shares saw unusually-high trading volume on Thursday . Approximately 2,534,997 shares were traded during trading, an increase of 3% from the previous session’s volume of 2,467,390 shares.The stock last traded at $19.35 and had previously closed at $17.95.
REN has been the subject of several research analyst reports. Northland Securities upgraded Resolute Energy Corp. from a “market perform” rating to an “outperform” rating in a research note on Monday, July 11th. Wunderlich upped their price target on Resolute Energy Corp. from $8.00 to $15.00 and gave the stock a “buy” rating in a research note on Wednesday, August 10th. Zacks Investment Research upgraded Resolute Energy Corp. from a “hold” rating to a “buy” rating and set a $19.00 price target for the company in a research note on Tuesday. Barclays PLC upgraded Resolute Energy Corp. from an “underweight” rating to an “equal weight” rating and upped their price target for the stock from $4.00 to $8.00 in a research note on Wednesday, July 13th. Finally, Johnson Rice upgraded Resolute Energy Corp. from an “accumulate” rating to a “buy” rating in a research note on Monday, July 11th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $14.00.
The company’s market capitalization is $274.01 million. The stock’s 50 day moving average price is $7.74 and its 200-day moving average price is $4.16.
Resolute Energy Corp. (NYSE:REN) last issued its earnings results on Monday, August 8th. The oil and gas exploration company reported ($2.44) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.03) by $2.41. During the same period in the previous year, the business posted ($3.46) earnings per share. The firm earned $35.40 million during the quarter, compared to analyst estimates of $51.82 million. The firm’s revenue for the quarter was down 26.9% compared to the same quarter last year. Equities research analysts expect that Resolute Energy Corp. will post $0.49 EPS 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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