Resolute Energy Corp. (REN) Hits New 1-Year High at $21.24
Resolute Energy Corp. (NYSE:REN) shares reached a new 52-week high during 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. The stock had previously closed at $17.70.
A number of research firms have commented on REN. Zacks Investment Research raised Resolute Energy Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, May 17th. Barclays PLC raised Resolute Energy Corp. from an “underweight” rating to an “equal weight” rating and raised their price target for the stock from $4.00 to $8.00 in a report on Wednesday, July 13th. Wunderlich raised Resolute Energy Corp. from a “hold” rating to a “buy” rating and raised their price target for the stock from $4.00 to $8.00 in a report on Monday, July 11th. Northland Securities raised Resolute Energy Corp. from a “market perform” rating to an “outperform” rating in a report on Monday, July 11th. Finally, Johnson Rice raised Resolute Energy Corp. from an “accumulate” rating to a “buy” rating in a report on Monday, July 11th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $17.33.
The company’s 50 day moving average is $11.85 and its 200-day moving average is $5.30. The firm’s market cap is $336.29 million.
Resolute Energy Corp. (NYSE:REN) last posted its quarterly earnings data on Monday, August 8th. The oil and gas exploration company reported ($2.44) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by $2.41. The firm earned $35.40 million during the quarter, compared to analyst estimates of $51.82 million. During the same quarter in the previous year, the firm earned ($3.46) EPS. The business’s revenue for the quarter was down 26.9% compared to the same quarter last year. On average, equities analysts anticipate that Resolute Energy Corp. will post $0.67 earnings per share 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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