Resolute Energy Corp. (REN) Shares Down 3.6%
Resolute Energy Corp. (NYSE:REN) shares traded down 3.6% during mid-day trading on Wednesday . The stock traded as low as $16.66 and last traded at $17.55, with a volume of 2,312,877 shares traded. The stock had previously closed at $18.21.
Several research analysts have 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 report on Wednesday, May 11th. Barclays PLC boosted their price objective on shares of Resolute Energy Corp. from $1.00 to $4.00 and gave the stock an “underweight” rating in a report on Tuesday, June 14th. Wunderlich upgraded shares of Resolute Energy Corp. from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $4.00 to $8.00 in a report on Monday, July 11th. Johnson Rice upgraded shares of Resolute Energy Corp. from an “accumulate” rating to a “buy” rating in a report on Monday, July 11th. Finally, Northland Securities upgraded shares of Resolute Energy Corp. from a “market perform” rating to an “outperform” rating in a report on Monday, July 11th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $14.00.
The firm’s 50 day moving average price is $7.32 and its 200-day moving average price is $4.06. The firm’s market cap is $274.01 million.
Resolute Energy Corp. (NYSE:REN) last announced its quarterly earnings results on Monday, August 8th. The oil and gas exploration company reported ($2.44) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by $2.41. The business had revenue of $35.40 million for the quarter, compared to analysts’ expectations of $51.82 million. During the same period in the prior year, the company posted ($3.46) EPS. Resolute Energy Corp.’s revenue was down 26.9% on a year-over-year basis. Equities 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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