Resolute Energy Corp. (REN) Sees Large Volume Increase
Resolute Energy Corp. (NYSE:REN) saw unusually-high trading volume on Tuesday . Approximately 4,249,281 shares traded hands during trading, an increase of 177% from the previous session’s volume of 1,533,648 shares.The stock last traded at $10.05 and had previously closed at $8.35.
REN has been the subject of a number of recent research reports. Johnson Rice upgraded Resolute Energy Corp. from an “accumulate” rating to a “buy” rating in a research note on Monday, July 11th. Wunderlich upgraded Resolute Energy Corp. from a “hold” rating to a “buy” rating and lifted their price objective for the company from $4.00 to $8.00 in a research note on Monday, July 11th. Zacks Investment Research upgraded Resolute Energy Corp. from a “hold” rating to a “buy” rating and set a $8.50 price objective for the company in a research note on Thursday, July 14th. Barclays PLC upgraded Resolute Energy Corp. from an “underweight” rating to an “equal weight” rating and lifted their price objective for the company from $4.00 to $8.00 in a research note on Wednesday, July 13th. Finally, Northland Securities upgraded Resolute Energy Corp. from a “market perform” rating to an “outperform” rating in a research note on Monday, July 11th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $5.96.
The stock has a 50 day moving average of $5.67 and a 200-day moving average of $3.62. The stock’s market cap is $148.61 million.
Resolute Energy Corp. (NYSE:REN) last released its quarterly earnings data on Monday, August 8th. The oil and gas exploration company reported ($2.44) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by $2.41. The business had revenue of $35.40 million for the quarter, compared to the consensus estimate of $51.82 million. During the same period in the previous year, the company earned ($3.46) EPS. Resolute Energy Corp.’s quarterly revenue was down 26.9% compared to the same quarter last year. On average, equities analysts anticipate 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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