Resolute Energy Corp. (REN) Trading 2.3% Higher
Resolute Energy Corp. (NYSE:REN)’s share price traded up 2.3% during mid-day trading on Wednesday . The company traded as high as $18.06 and last traded at $17.92, with a volume of 1,228,320 shares trading hands. The stock had previously closed at $17.52.
A number of equities analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of Resolute Energy Corp. from a “buy” rating to a “hold” rating in a report on Tuesday. Wunderlich increased their price target on shares of Resolute Energy Corp. from $15.00 to $25.00 and gave the company a “buy” rating in a report on Monday. Barclays PLC upgraded shares of Resolute Energy Corp. from an “underweight” rating to an “equal weight” rating and increased their price target for the company from $4.00 to $8.00 in a report on Wednesday, July 13th. 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. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $17.33.
The company has a 50 day moving average price of $10.11 and a 200 day moving average price of $4.78. The stock’s market capitalization is $255.69 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) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by $2.41. During the same quarter in the prior year, the company earned ($3.46) EPS. The company earned $35.40 million during the quarter, compared to analysts’ expectations of $51.82 million. The business’s revenue was down 26.9% compared to the same quarter last year. Analysts predict that Resolute Energy Corp. will post $0.67 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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