Resolute Energy Corp. (REN) Hits New 52-Week High at $16.04
Resolute Energy Corp. (NYSE:REN) shares reached a new 52-week high on Monday . The company traded as high as $16.04 and last traded at $15.91, with a volume of 2,020,511 shares trading hands. The stock had previously closed at $14.43.
A number of research firms have weighed in on REN. Zacks Investment Research upgraded shares of Resolute Energy Corp. from a “hold” rating to a “buy” rating and set a $19.00 target price on the stock in a research note on Tuesday. Wunderlich boosted their target price on shares of Resolute Energy Corp. from $8.00 to $15.00 and gave the company a “buy” rating in a research note on Wednesday, August 10th. Barclays PLC upgraded shares of Resolute Energy Corp. from an “underweight” rating to an “equal weight” rating and boosted their target price for the company from $4.00 to $8.00 in a research note on Wednesday, July 13th. 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 note on Monday, July 11th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $14.00.
The firm’s market cap is $280.56 million. The stock’s 50 day moving average is $7.32 and its 200-day moving average is $4.06.
Resolute Energy Corp. (NYSE:REN) last issued its quarterly earnings results on Monday, August 8th. The oil and gas exploration company reported ($2.44) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.03) by $2.41. The company had revenue of $35.40 million for the quarter, compared to the consensus estimate of $51.82 million. Resolute Energy Corp.’s quarterly revenue was down 26.9% compared to the same quarter last year. During the same period last year, the firm posted ($3.46) EPS. On average, equities research analysts expect that Resolute Energy Corp. will post $0.49 EPS 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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