Resolute Energy Corp. (REN) Sees Unusually-High Trading Volume
Shares of Resolute Energy Corp. (NYSE:REN) saw unusually-strong trading volume on Thursday . Approximately 2,534,997 shares changed hands 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.
Several equities analysts have weighed in on REN shares. Zacks Investment Research lowered Resolute Energy Corp. from a “hold” rating to a “sell” rating in a report on Wednesday, May 11th. Barclays PLC raised their target price on Resolute Energy Corp. from $1.00 to $4.00 and gave the company an “underweight” rating in a report on Tuesday, June 14th. Wunderlich upgraded Resolute Energy Corp. from a “hold” rating to a “buy” rating and raised their target price for the company from $4.00 to $8.00 in a report on Monday, July 11th. Johnson Rice upgraded Resolute Energy Corp. from an “accumulate” rating to a “buy” rating in a report on Monday, July 11th. Finally, Northland Securities upgraded Resolute Energy Corp. from a “market perform” rating to an “outperform” rating in a report on Monday, July 11th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $14.00.
The company has a 50-day moving average price of $8.62 and a 200-day moving average price of $4.36. The firm’s market cap is $289.58 million.
Resolute Energy Corp. (NYSE:REN) last released its quarterly earnings data on Monday, August 8th. The oil and gas exploration company reported ($2.44) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.03) by $2.41. The company had revenue of $35.40 million for the quarter, compared to analyst estimates of $51.82 million. The firm’s quarterly revenue was down 26.9% compared to the same quarter last year. During the same period in the prior year, the company posted ($3.46) EPS. Equities research analysts predict that Resolute Energy Corp. will post $0.49 EPS 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).
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.