Resolute Energy Corp. (REN) Trading Up 24.5%
Resolute Energy Corp. (NYSE:REN) shares were up 24.5% on Monday . The company traded as high as $22.12 and last traded at $22.03, with a volume of 5,792,400 shares traded. The stock had previously closed at $17.70.
A number of research analysts have weighed in on REN shares. Zacks Investment Research lowered shares of Resolute Energy Corp. from a “hold” rating to a “sell” rating in a research report on Wednesday, May 11th. Wunderlich boosted their price objective on shares of Resolute Energy Corp. from $8.00 to $15.00 and gave the stock a “buy” rating in a report on Wednesday, August 10th. Northland Securities upgraded shares of Resolute Energy Corp. from a “market perform” rating to an “outperform” rating in a report on Monday, July 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. Finally, Johnson Rice upgraded shares of Resolute Energy Corp. from an “accumulate” rating to a “buy” rating in a report on Monday, July 11th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $17.33.
The company’s market cap is $336.29 million. The stock has a 50-day moving average of $11.85 and a 200-day moving average of $5.30.
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 analysts’ consensus estimates of ($0.03) by $2.41. The company earned $35.40 million during the quarter, compared to analysts’ expectations of $51.82 million. Resolute Energy Corp.’s revenue was down 26.9% compared to the same quarter last year. During the same period in the prior year, the business earned ($3.46) EPS. Analysts forecast that Resolute Energy Corp. will post $0.67 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).