Resolute Energy Corporation (NYSE:REN) – Equities researchers at SunTrust Banks reduced their Q3 2017 earnings per share (EPS) estimates for Resolute Energy Corporation in a note issued to investors on Tuesday. SunTrust Banks analyst N. Dingmann now forecasts that the oil and gas exploration company will post earnings of $0.33 per share for the quarter, down from their previous estimate of $0.49. SunTrust Banks has a “Buy” rating and a $55.00 price target on the stock. SunTrust Banks also issued estimates for Resolute Energy Corporation’s Q4 2017 earnings at $0.50 EPS, FY2017 earnings at $1.02 EPS, FY2018 earnings at $1.28 EPS, FY2019 earnings at $3.87 EPS and FY2020 earnings at $5.67 EPS.

Resolute Energy Corporation (NYSE:REN) last released its quarterly earnings data on Monday, August 7th. The oil and gas exploration company reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.25. The business had revenue of $71.06 million during the quarter, compared to analysts’ expectations of $77.09 million. During the same quarter last year, the business posted ($2.44) EPS. The company’s quarterly revenue was up 100.8% compared to the same quarter last year.

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A number of other research analysts have also recently commented on REN. BidaskClub cut Resolute Energy Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday. Northland Securities set a $60.00 target price on Resolute Energy Corporation and gave the company a “buy” rating in a research note on Monday, July 17th. Imperial Capital assumed coverage on Resolute Energy Corporation in a research note on Tuesday, July 18th. They set an “outperform” rating and a $40.00 target price on the stock. Zacks Investment Research cut Resolute Energy Corporation from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 12th. Finally, Goldman Sachs Group, Inc. (The) assumed coverage on Resolute Energy Corporation in a research note on Monday, July 17th. They set a “neutral” rating and a $34.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and eleven have given a buy rating to the company’s stock. Resolute Energy Corporation presently has a consensus rating of “Buy” and an average target price of $43.45.

Shares of Resolute Energy Corporation (NYSE:REN) opened at 28.21 on Friday. Resolute Energy Corporation has a 12-month low of $13.45 and a 12-month high of $49.14. The stock’s market cap is $622.23 million. The firm has a 50-day moving average price of $30.94 and a 200 day moving average price of $38.67.

A number of hedge funds and other institutional investors have recently made changes to their positions in REN. Wells Fargo & Company MN boosted its position in shares of 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 period. Tudor Investment Corp ET AL boosted its position in shares of Resolute Energy Corporation by 30.8% in the first quarter. Tudor Investment Corp ET AL now owns 6,539 shares of the oil and gas exploration company’s stock valued at $264,000 after buying an additional 1,539 shares during the period. California Public Employees Retirement System boosted its position in shares of Resolute Energy Corporation by 17.5% in the first quarter. California Public Employees Retirement System now owns 14,800 shares of the oil and gas exploration company’s stock valued at $598,000 after buying an additional 2,200 shares during the period. Bank of America Corp DE boosted its position in shares of 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 period. Finally, Northpointe Capital LLC purchased a new position in shares of Resolute Energy Corporation during the second quarter valued at about $152,000. 86.52% of the stock is currently owned by institutional investors.

In related news, SVP Bob D. Brady, Jr. sold 10,000 shares of the stock in a transaction that occurred on Monday, May 22nd. The stock was sold at an average price of $42.56, for a total value of $425,600.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Richard F. Betz sold 12,500 shares of the stock in a transaction that occurred on Friday, May 19th. The stock was sold at an average price of $40.96, for a total value of $512,000.00. The disclosure for this sale can be found here. In the last three months, insiders sold 37,750 shares of company stock worth $1,532,578. 7.30% of the stock is owned by insiders.

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).

Earnings History and Estimates for Resolute Energy Corporation (NYSE:REN)

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