Resolute Energy Corp. (REN) Trading Up 8.8%
Resolute Energy Corp. (NYSE:REN) was up 8.8% during trading on Thursday . The stock traded as high as $6.77 and last traded at $6.77, with a volume of 386,184 shares trading hands. The stock had previously closed at $6.22.
Several equities research analysts recently commented on REN shares. Johnson Rice upgraded Resolute Energy Corp. from an “accumulate” rating to a “buy” rating in a report on Monday, July 11th. Zacks Investment Research upgraded Resolute Energy Corp. from a “hold” rating to a “buy” rating and set a $8.50 target price on the stock in a report on Thursday, July 14th. Barclays PLC raised their target price on Resolute Energy Corp. from $1.00 to $4.00 and gave the company an “underweight” rating in a report on Tuesday, June 14th. Northland Securities upgraded Resolute Energy Corp. from a “market perform” rating to an “outperform” rating in a report on Monday, July 11th. Finally, Wunderlich upgraded Resolute Energy Corp. from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $4.00 to $8.00 in a report on Monday, July 11th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $5.96.
The stock’s market capitalization is $101.10 million. The company has a 50-day moving average of $5.17 and a 200 day moving average of $3.48.
Resolute Energy Corp. (NYSE:REN) last issued its earnings results on Monday, May 9th. The oil and gas exploration company reported ($1.13) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by $1.07. The business earned $19 million during the quarter, compared to analysts’ expectations of $50.68 million. Resolute Energy Corp.’s quarterly revenue was down 53.8% on a year-over-year basis. During the same quarter in the prior year, the business earned ($2.80) EPS. Equities research analysts expect that Resolute Energy Corp. will post $0.49 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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