Resolute Energy Corp. (REN) Stock Price Down 3.6%
Resolute Energy Corp. (NYSE:REN)’s share price traded down 3.6% during 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 trading hands. The stock had previously closed at $18.21.
Several equities analysts recently commented on the stock. Zacks Investment Research raised shares of Resolute Energy Corp. from a “sell” rating to a “hold” rating in a research note on Tuesday, May 17th. Barclays PLC raised shares of Resolute Energy Corp. from an “underweight” rating to an “equal weight” rating and boosted their price target for the stock from $4.00 to $8.00 in a research note on Wednesday, July 13th. Wunderlich raised shares of Resolute Energy Corp. from a “hold” rating to a “buy” rating and boosted their price target for the stock from $4.00 to $8.00 in a research note on Monday, July 11th. Northland Securities raised shares of Resolute Energy Corp. from a “market perform” rating to an “outperform” rating in a research note on Monday, July 11th. Finally, Johnson Rice raised shares of Resolute Energy Corp. from an “accumulate” rating to a “buy” rating in a research note on Monday, July 11th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Resolute Energy Corp. has an average rating of “Buy” and a consensus price target of $14.00.
The company’s market capitalization is $265.31 million. The company has a 50-day moving average price of $8.17 and a 200-day moving average price of $4.26.
Resolute Energy Corp. (NYSE:REN) last issued its quarterly earnings data on Monday, August 8th. The oil and gas exploration company reported ($2.44) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.03) by $2.41. The firm had revenue of $35.40 million for the quarter, compared to analysts’ expectations of $51.82 million. The firm’s revenue for the quarter was down 26.9% on a year-over-year basis. During the same quarter in the previous year, the business earned ($3.46) EPS. Equities 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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