Resolute Energy Corp. (REN) Stock Price Down 5.5%
Resolute Energy Corp. (NYSE:REN) shares dropped 5.5% on Tuesday . The company traded as low as $18.08 and last traded at $18.34, with a volume of 2,212,746 shares changing hands. The stock had previously closed at $19.41.
REN has been the topic of a number of recent research reports. Zacks Investment Research cut shares of Resolute Energy Corp. from a “hold” rating to a “sell” rating in a research report on Wednesday, May 11th. Barclays PLC lifted their price target on shares of Resolute Energy Corp. from $1.00 to $4.00 and gave the company an “underweight” rating in a research report on Tuesday, June 14th. Wunderlich raised shares of Resolute Energy Corp. from a “hold” rating to a “buy” rating and lifted their price target for the company from $4.00 to $8.00 in a research report on Monday, July 11th. Johnson Rice raised shares of Resolute Energy Corp. from an “accumulate” rating to a “buy” rating in a research report on Monday, July 11th. Finally, Northland Securities raised shares of Resolute Energy Corp. from a “market perform” rating to an “outperform” rating in a research report on Monday, July 11th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $17.33.
The company has a 50-day moving average price of $9.74 and a 200-day moving average price of $4.70. The stock’s market cap is $272.79 million.
Resolute Energy Corp. (NYSE:REN) last issued its earnings results on Monday, August 8th. The oil and gas exploration company reported ($2.44) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by $2.41. The firm earned $35.40 million during the quarter, compared to the consensus estimate of $51.82 million. Resolute Energy Corp.’s revenue for the quarter was down 26.9% compared to the same quarter last year. During the same quarter last year, the company earned ($3.46) EPS. Equities analysts anticipate that Resolute Energy Corp. will post $0.67 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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