Shares of Resolute Energy Corp. (NYSE:REN) fell 2.6% during trading on Monday . The stock traded as low as $15.70 and last traded at $16.25, with a volume of 865,169 shares. The stock had previously closed at $16.68.

Several brokerages recently commented on REN. Zacks Investment Research downgraded shares of Resolute Energy Corp. from a “hold” rating to a “sell” rating in a report on Wednesday, May 11th. Barclays PLC lifted their target price on shares of Resolute Energy Corp. from $1.00 to $4.00 and gave the stock an “underweight” rating in a report on Tuesday, June 14th. Wunderlich raised shares of Resolute Energy Corp. from a “hold” rating to a “buy” rating and lifted their target price for the stock from $4.00 to $8.00 in a report on Monday, July 11th. Johnson Rice raised shares of Resolute Energy Corp. from an “accumulate” rating to a “buy” rating in a 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 report on Monday, July 11th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $17.33.

The stock’s 50 day moving average price is $10.49 and its 200-day moving average price is $4.88. The firm’s market capitalization is $255.54 million.

Resolute Energy Corp. (NYSE:REN) last released 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. During the same quarter last year, the firm posted ($3.46) EPS. The business 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% on a year-over-year basis. On average, analysts expect that Resolute Energy Corp. will post $0.67 earnings per share 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).

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