Resolute Energy Corp. (REN) Trading Up 8.3%
Resolute Energy Corp. (NYSE:REN) shares were up 8.3% during trading on Wednesday . The stock traded as high as $10.60 and last traded at $10.57, with a volume of 1,450,478 shares trading hands. The stock had previously closed at $9.76.
A number of research analysts recently issued reports on the stock. Zacks Investment Research downgraded shares of Resolute Energy Corp. from a “hold” rating to a “sell” rating in a research note on Wednesday, May 11th. Barclays PLC lifted 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 upgraded shares of Resolute Energy Corp. from a “hold” rating to a “buy” rating and lifted their price target for the stock from $4.00 to $8.00 in a research note on Monday, July 11th. Johnson Rice upgraded shares of Resolute Energy Corp. from an “accumulate” rating to a “buy” rating in a research note on Monday, July 11th. Finally, Northland Securities upgraded shares of Resolute Energy Corp. from a “market perform” rating to an “outperform” rating in a research report on Monday, July 11th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Resolute Energy Corp. currently has a consensus rating of “Hold” and an average target price of $5.96.
The firm’s market cap is $172.71 million. The company’s 50-day moving average price is $5.67 and its 200 day moving average price is $3.62.
Resolute Energy Corp. (NYSE:REN) last posted its earnings results on Monday, August 8th. The oil and gas exploration company reported ($2.44) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.03) by $2.41. During the same period in the previous year, the business posted ($3.46) earnings per share. The company had revenue of $35.40 million for the quarter, compared to analysts’ expectations of $51.82 million. The business’s quarterly revenue was down 26.9% on a year-over-year basis. Equities analysts predict that Resolute Energy Corp. will post $0.49 earnings per share for the current fiscal 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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