Resolute Energy Corp. (REN) Stock Price Down 5.5%
Resolute Energy Corp. (NYSE:REN) traded down 5.5% during trading on Tuesday . The company traded as low as $18.08 and last traded at $18.34, with a volume of 2,212,746 shares traded. The stock had previously closed at $19.41.
A number of equities research analysts recently commented on the company. Zacks Investment Research downgraded Resolute Energy Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday. 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. Wunderlich upgraded Resolute Energy Corp. from a “hold” rating to a “buy” rating and boosted their target price for the stock from $4.00 to $8.00 in a research report on Monday, July 11th. Northland Securities upgraded Resolute Energy Corp. from a “market perform” rating to an “outperform” rating in a research report on Monday, July 11th. Finally, Johnson Rice upgraded Resolute Energy Corp. from an “accumulate” rating to a “buy” rating in a research report on Monday, July 11th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $17.33.
The company’s market cap is $267.44 million. The stock’s 50 day moving average price is $9.09 and its 200 day moving average price is $4.50.
Resolute Energy Corp. (NYSE:REN) last announced its quarterly earnings results 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 business earned $35.40 million during the quarter, compared to the consensus estimate of $51.82 million. During the same quarter in the prior year, the company earned ($3.46) earnings per share. The business’s revenue for the quarter was down 26.9% compared to the same quarter last year. Analysts predict 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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