BMO Capital Markets began coverage on shares of Resolute Energy Corporation (NYSE:REN) in a research report sent to investors on Monday. The brokerage issued an outperform rating and a $50.00 target price on the oil and gas exploration company’s stock.

A number of other brokerages have also weighed in on REN. Capital One Financial Corporation upgraded shares of Resolute Energy Corporation from an equal weight rating to an overweight rating in a report on Monday, December 19th. Vetr upgraded shares of Resolute Energy Corporation from a buy rating to a strong-buy rating and set a $34.90 price target on the stock in a report on Monday, November 28th. HC Wainwright initiated coverage on shares of Resolute Energy Corporation in a report on Wednesday, October 5th. They issued a buy rating and a $32.00 price target on the stock. Seaport Global Securities initiated coverage on shares of Resolute Energy Corporation in a report on Wednesday, October 5th. They issued a buy rating and a $45.00 price target on the stock. Finally, Wunderlich reiterated a buy rating and issued a $40.00 price target (up previously from $25.00) on shares of Resolute Energy Corporation in a report on Thursday, October 6th. Three investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The company currently has a consensus rating of Buy and an average price target of $39.88.

Resolute Energy Corporation (NYSE:REN) opened at 42.00 on Monday. The company has a 50-day moving average price of $37.32 and a 200 day moving average price of $23.52. Resolute Energy Corporation has a 12-month low of $2.25 and a 12-month high of $43.35. The stock’s market cap is $641.76 million.

Resolute Energy Corporation (NYSE:REN) last announced its quarterly earnings results on Monday, November 7th. The oil and gas exploration company reported ($1.24) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.29 by $1.53. The business had revenue of $47.42 million for the quarter, compared to the consensus estimate of $63.08 million. The firm’s revenue was up 29.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($2.44) EPS. On average, equities research analysts predict that Resolute Energy Corporation will post ($5.59) EPS for the current year.

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In other Resolute Energy Corporation news, insider James A. Tuell sold 6,000 shares of the business’s stock in a transaction on Tuesday, December 27th. The shares were sold at an average price of $41.27, for a total value of $247,620.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director James E. Duffy sold 10,000 shares of the business’s stock in a transaction on Tuesday, December 27th. The stock was sold at an average price of $40.68, for a total transaction of $406,800.00. The disclosure for this sale can be found here. 7.70% of the stock is currently owned by company insiders.

A number of institutional investors have recently modified their holdings of the company. Acrospire Investment Management LLC increased its stake in Resolute Energy Corporation by 125.0% in the third quarter. Acrospire Investment Management LLC now owns 4,500 shares of the oil and gas exploration company’s stock valued at $117,000 after buying an additional 2,500 shares during the last quarter. Northern Trust Corp increased its stake in Resolute Energy Corporation by 13.8% in the third quarter. Northern Trust Corp now owns 26,221 shares of the oil and gas exploration company’s stock valued at $683,000 after buying an additional 3,188 shares during the last quarter. Acadian Asset Management LLC bought a new stake in Resolute Energy Corporation during the third quarter valued at $112,000. BlackRock Group LTD bought a new stake in Resolute Energy Corporation during the third quarter valued at $140,000. Finally, Highbridge Capital Management LLC bought a new stake in Resolute Energy Corporation during the third quarter valued at $294,000. Hedge funds and other institutional investors own 45.58% of the company’s stock.

Resolute Energy Corporation 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).

5 Day Chart for NYSE:REN

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