Resolute Energy Corp. (REN) Shares Up 2.4%
Resolute Energy Corp. (NYSE:REN) shot up 2.4% during trading on Tuesday . The stock traded as high as $17.61 and last traded at $17.14, with a volume of 886,169 shares changing hands. The stock had previously closed at $16.74.
Several brokerages recently commented on REN. Zacks Investment Research cut Resolute Energy Corp. from a “hold” rating to a “sell” rating in a research note on Wednesday, May 11th. Barclays PLC boosted 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. Wunderlich raised Resolute Energy Corp. from a “hold” rating to a “buy” rating and upped their target price for the stock from $4.00 to $8.00 in a research report on Monday, July 11th. Johnson Rice raised Resolute Energy Corp. from an “accumulate” rating to a “buy” rating in a research report on Monday, July 11th. Finally, Northland Securities raised 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 assigned a buy rating to the stock. Resolute Energy Corp. presently has a consensus rating of “Buy” and an average price target of $17.33.
The company has a 50-day moving average price of $11.16 and a 200 day moving average price of $5.12. The firm’s market capitalization is $261.64 million.
Resolute Energy Corp. (NYSE:REN) last announced its earnings results on Monday, August 8th. The oil and gas exploration company reported ($2.44) earnings per share (EPS) for the quarter, missing the Zacks’ 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 in the previous year, the company posted ($3.46) earnings per share. The business’s revenue was down 26.9% compared to the same quarter last year. Equities research 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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