Q4 2017 EPS Estimates for Resolute Energy Corporation (REN) Lifted by Imperial Capital
Resolute Energy Corporation (NYSE:REN) – Investment analysts at Imperial Capital lifted their Q4 2017 EPS estimates for shares of Resolute Energy Corporation in a report released on Wednesday. Imperial Capital analyst J. Wangler now forecasts that the oil and gas exploration company will post earnings per share of $0.31 for the quarter, up from their previous estimate of $0.29. Imperial Capital has a “Outperform” rating and a $40.00 price objective on the stock.
REN has been the topic of a number of other research reports. BMO Capital Markets set a $38.00 price target on shares of Resolute Energy Corporation and gave the company a “buy” rating in a report on Monday, June 26th. BidaskClub lowered shares of Resolute Energy Corporation from a “hold” rating to a “sell” rating in a report on Tuesday. Zacks Investment Research lowered shares of Resolute Energy Corporation from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 12th. SunTrust Banks, Inc. began coverage on shares of Resolute Energy Corporation in a report on Thursday, June 1st. They issued a “buy” rating and a $55.00 price target on the stock. Finally, Northland Securities set a $60.00 price target on shares of Resolute Energy Corporation and gave the company a “buy” rating in a report on Monday, July 17th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and eleven have issued a buy rating to the company. The company has an average rating of “Buy” and an average target price of $43.45.
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Resolute Energy Corporation (REN) traded up 2.45% on Thursday, reaching $30.10. The company’s stock had a trading volume of 158,490 shares. The stock’s market capitalization is $663.92 million. The firm has a 50 day moving average price of $30.96 and a 200 day moving average price of $38.74. Resolute Energy Corporation has a 52 week low of $10.83 and a 52 week high of $49.14.
Resolute Energy Corporation (NYSE:REN) last released its quarterly earnings results on Monday, August 7th. The oil and gas exploration company reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.25. The firm had revenue of $71.06 million for the quarter, compared to analyst estimates of $77.09 million. During the same quarter last year, the company earned ($2.44) earnings per share. The firm’s revenue for the quarter was up 100.8% on a year-over-year basis.
Several institutional investors have recently bought and sold shares of the stock. Wells Fargo & Company MN raised its position in Resolute Energy Corporation by 2.6% in the first quarter. Wells Fargo & Company MN now owns 3,079 shares of the oil and gas exploration company’s stock valued at $124,000 after buying an additional 79 shares during the last quarter. Northpointe Capital LLC acquired a new position in Resolute Energy Corporation during the second quarter valued at $152,000. Legal & General Group Plc acquired a new position in Resolute Energy Corporation during the second quarter valued at $168,000. Bank of America Corp DE raised its position in Resolute Energy Corporation by 799.4% in the first quarter. Bank of America Corp DE now owns 4,803 shares of the oil and gas exploration company’s stock valued at $194,000 after buying an additional 4,269 shares during the last quarter. Finally, UBS Asset Management Americas Inc. acquired a new position in Resolute Energy Corporation during the first quarter valued at $218,000. Institutional investors and hedge funds own 86.52% of the company’s stock.
In related news, Director James E. Duffy sold 1,250 shares of Resolute Energy Corporation stock in a transaction on Monday, June 26th. The shares were sold at an average price of $29.91, for a total transaction of $37,387.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Bob D. Brady, Jr. sold 10,000 shares of Resolute Energy Corporation stock in a transaction on Monday, May 22nd. The shares were sold at an average price of $42.56, for a total transaction of $425,600.00. The disclosure for this sale can be found here. Insiders have sold a total of 37,750 shares of company stock worth $1,532,578 in the last 90 days. Company insiders own 7.30% of the company’s stock.
Resolute Energy Corporation Company Profile
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. The Company’s assets are located primarily in the Delaware Basin in west Texas (the Permian Properties or Permian Basin Properties) and Aneth Field located in the Paradox Basin in southeast Utah (the Aneth Field Properties or Aneth Field).
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