Resolute Energy Corp. (REN) Hits New 1-Year High at $5.37
Resolute Energy Corp. (NYSE:REN) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $5.37 and last traded at $5.30, with a volume of 2,635,546 shares. The stock had previously closed at $3.80.
Several equities research analysts have issued reports on the stock. Zacks Investment Research cut shares of Resolute Energy Corp. from a “hold” rating to a “sell” rating in a research note on Wednesday, May 11th. Barclays PLC raised their price target on shares of Resolute Energy Corp. from $1.00 to $4.00 and gave the stock an “underweight” rating in a research note on Tuesday, June 14th. Wunderlich raised shares of 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 research note on Monday. Johnson Rice raised shares of Resolute Energy Corp. from an “accumulate” rating to a “buy” rating in a research note on Monday. Finally, Northland Securities raised shares of Resolute Energy Corp. from a “market perform” rating to an “outperform” rating in a research note on Monday. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. Resolute Energy Corp. presently has a consensus rating of “Hold” and an average price target of $4.57.
The company’s market cap is $101.56 million. The stock has a 50 day moving average of $3.45 and a 200-day moving average of $3.10.
Resolute Energy Corp. (NYSE:REN) last issued its quarterly earnings results on Monday, May 9th. The oil and gas exploration company reported ($1.13) EPS for the quarter, missing the consensus estimate of ($0.06) by $1.07. The business had revenue of $19 million for the quarter, compared to analysts’ expectations of $50.68 million. During the same quarter in the previous year, the business posted ($2.80) EPS. The company’s quarterly revenue was down 53.8% compared to the same quarter last year. Equities analysts anticipate that Resolute Energy Corp. will post ($0.32) EPS for the current fiscal year.
In other Resolute Energy Corp. news, major shareholder Advisory Corp Spo sold 10,000,000 shares of the business’s stock in a transaction dated Thursday, April 28th. The shares were sold at an average price of $0.51, for a total value of $5,100,000.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
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. The Company’s asset base consists primarily of properties in Aneth Field located in the Paradox Basin in southeast Utah (the Aneth Field Properties or Aneth Field), the Permian Basin in Texas and southeast New Mexico (the Permian Properties or Permian Basin Properties), and the Powder River and Big Horn Basins in Wyoming (the Wyoming Properties).