Resolute Energy Corp. (REN) Reaches New 52-Week High at $21.24
Resolute Energy Corp. (NYSE:REN) reached a new 52-week high during mid-day trading on Friday . The company traded as high as $21.24 and last traded at $20.93, with a volume of 2,451,716 shares trading hands. The stock had previously closed at $17.70.
REN has been the topic of a number of recent research reports. Zacks Investment Research downgraded shares of Resolute Energy Corp. from a “hold” rating to a “sell” rating in a research note on Wednesday, May 11th. Wunderlich increased their target price on shares of Resolute Energy Corp. from $8.00 to $15.00 and gave the company a “buy” rating in a research note on Wednesday, August 10th. Northland Securities raised shares of Resolute Energy Corp. from a “market perform” rating to an “outperform” rating in a research note on Monday, July 11th. Barclays PLC increased their target price on shares of 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, Johnson Rice raised shares of Resolute Energy Corp. from an “accumulate” rating to a “buy” rating in a research note 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’s stock. The company has a consensus rating of “Buy” and an average target price of $17.33.
The company has a 50-day moving average price of $11.72 and a 200-day moving average price of $5.30. The company’s market cap is $319.19 million.
Resolute Energy Corp. (NYSE:REN) last released its quarterly earnings results on Monday, August 8th. The oil and gas exploration company reported ($2.44) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by $2.41. The company had revenue of $35.40 million for the quarter, compared to analysts’ expectations of $51.82 million. During the same quarter in the prior year, the company earned ($3.46) earnings per share. The business’s revenue for the quarter was down 26.9% compared to the same quarter last year. On average, equities analysts predict 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).
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.