Resolute Energy Corp. (REN) Stock Price Down 2.6%
Shares of Resolute Energy Corp. (NYSE:REN) dropped 2.6% during mid-day trading on Monday . The stock traded as low as $15.70 and last traded at $16.25, with a volume of 865,169 shares traded. The stock had previously closed at $16.68.
REN has been the subject of several research analyst reports. Wunderlich increased their target price on Resolute Energy Corp. from $15.00 to $25.00 and gave the stock a “buy” rating in a research report on Monday, August 22nd. Zacks Investment Research cut Resolute Energy Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday, August 23rd. Johnson Rice upgraded Resolute Energy Corp. from an “accumulate” rating to a “buy” rating in a research report on Monday, July 11th. Barclays PLC increased their target price on Resolute Energy Corp. from $1.00 to $4.00 and gave the stock an “underweight” rating in a research report on Tuesday, June 14th. Finally, Northland Securities upgraded Resolute Energy Corp. from a “market perform” rating to an “outperform” rating in a research 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. Resolute Energy Corp. currently has an average rating of “Buy” and a consensus price target of $17.33.
The firm’s 50-day moving average is $11.16 and its 200-day moving average is $5.13. The stock’s market capitalization is $253.02 million.
Resolute Energy Corp. (NYSE:REN) last issued its quarterly earnings results on Monday, August 8th. The oil and gas exploration company reported ($2.44) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.03) by $2.41. During the same period in the prior year, the company posted ($3.46) earnings per share. The business earned $35.40 million during the quarter, compared to the consensus estimate of $51.82 million. The business’s revenue for the quarter was down 26.9% compared to the same quarter last year. On average, equities 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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