FY2016 EPS Estimates for Resolute Energy Corp. Decreased by Analyst (REN)
Resolute Energy Corp. (NYSE:REN) – Equities researchers at Capital One Financial Corp. dropped their FY2016 EPS estimates for Resolute Energy Corp. in a research note issued on Wednesday. Capital One Financial Corp. analyst R. Tullis now forecasts that the brokerage will earn $0.60 per share for the year, down from their previous estimate of $0.78. Capital One Financial Corp. also issued estimates for Resolute Energy Corp.’s Q4 2016 earnings at $0.20 EPS and FY2017 earnings at ($1.28) EPS.
REN has been the subject of a number of other reports. Johnson Rice upgraded Resolute Energy Corp. from an “accumulate” rating to a “buy” rating in a report on Monday, July 11th. Zacks Investment Research raised Resolute Energy Corp. from a “hold” rating to a “buy” rating and set a $19.00 price target on the stock in a research report on Tuesday, August 16th. Barclays PLC raised Resolute Energy Corp. from an “underweight” rating to an “equal weight” rating and upped their price target for the company from $4.00 to $8.00 in a research report on Wednesday, July 13th. Wunderlich raised Resolute Energy Corp. from a “hold” rating to a “buy” rating and upped their price target for the company from $4.00 to $8.00 in a research report on Monday, July 11th. Finally, Northland Securities reissued an “outperform” rating and set a $35.00 price target (up from $12.00) on shares of Resolute Energy Corp. in a research report on Wednesday, September 7th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Resolute Energy Corp. presently has a consensus rating of “Buy” and an average price target of $34.43.
Resolute Energy Corp. (NYSE:REN) traded down 2.56% during midday trading on Friday, reaching $28.92. The company’s stock had a trading volume of 530,837 shares. The company’s market capitalization is $441.46 million. Resolute Energy Corp. has a 1-year low of $2.25 and a 1-year high of $31.05. The company’s 50-day moving average price is $21.93 and its 200-day moving average price is $8.93.
Resolute Energy Corp. (NYSE:REN) last released its earnings results 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 business earned $35.40 million during the quarter, compared to the consensus estimate of $51.82 million. During the same period in the prior year, the business posted ($3.46) earnings per share. The business’s revenue for the quarter was down 26.9% compared to the same quarter last year.
An institutional investor recently bought a new position in Resolute Energy Corp. stock. JPMorgan Chase & Co. purchased a new stake in Resolute Energy Corp. (NYSE:REN) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 565,882 shares of the oil and gas exploration company’s stock, valued at approximately $1,681,000. JPMorgan Chase & Co. owned approximately 3.72% of Resolute Energy Corp. as of its most recent filing with the SEC. Hedge funds and other institutional investors own 39.98% of the company’s stock.
Resolute Energy Corp. Company Profile
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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