Resolute Energy Corp. (REN) Trading Up 2.3%
Resolute Energy Corp. (NYSE:REN)’s share price was up 2.3% during mid-day trading on Wednesday . The stock traded as high as $18.06 and last traded at $17.92, with a volume of 1,228,320 shares changing hands. The stock had previously closed at $17.52.
Several equities analysts have recently issued reports on REN shares. Wunderlich lifted their price target on Resolute Energy Corp. from $15.00 to $25.00 and gave the company a “buy” rating in a research note on Monday. Zacks Investment Research lowered Resolute Energy Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday. Johnson Rice upgraded Resolute Energy Corp. from an “accumulate” rating to a “buy” rating in a research note on Monday, July 11th. Barclays PLC lifted their price target on Resolute Energy Corp. from $1.00 to $4.00 and gave the company an “underweight” rating in a research note on Tuesday, June 14th. Finally, Northland Securities upgraded Resolute Energy Corp. from a “market perform” rating to an “outperform” rating in a research note on Monday, July 11th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $17.33.
The stock’s market cap is $272.79 million. The firm’s 50 day moving average is $9.51 and its 200-day moving average is $4.61.
Resolute Energy Corp. (NYSE:REN) last posted its quarterly earnings data on Monday, August 8th. The oil and gas exploration company reported ($2.44) EPS for the quarter, missing the consensus estimate of ($0.03) by $2.41. The company earned $35.40 million during the quarter, compared to analyst estimates of $51.82 million. During the same quarter last year, the firm posted ($3.46) EPS. The company’s revenue was down 26.9% compared to the same quarter last year. On average, analysts forecast that Resolute Energy Corp. will post $0.67 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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