Shares of Resolute Energy Corporation (NYSE:REN) were up 0.7% during mid-day trading on Monday . The company traded as high as $30.30 and last traded at $30.33. Approximately 296,133 shares changed hands during trading, a decline of 62% from the average daily volume of 777,245 shares. The stock had previously closed at $30.11.

A number of analysts recently issued reports on REN shares. SunTrust Banks, Inc. started coverage on shares of Resolute Energy Corporation in a research report on Thursday, June 1st. They set a “buy” rating and a $55.00 target price for the company. BMO Capital Markets dropped their target price on shares of Resolute Energy Corporation from $38.00 to $35.00 and set an “outperform” rating for the company in a research report on Friday, July 14th. ValuEngine downgraded shares of Resolute Energy Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, September 6th. Goldman Sachs Group, Inc. (The) started coverage on shares of Resolute Energy Corporation in a research report on Monday, July 17th. They set a “neutral” rating and a $34.00 target price for the company. Finally, Imperial Capital started coverage on shares of Resolute Energy Corporation in a research report on Tuesday, July 18th. They set an “outperform” rating and a $40.00 target price for the company. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $46.14.

The stock’s market capitalization is $663.92 million. The stock’s 50 day moving average is $28.58 and its 200 day moving average is $35.37.

Resolute Energy Corporation (NYSE:REN) last posted its earnings results on Monday, August 7th. The oil and gas exploration company reported $0.47 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.25. The company had revenue of $71.06 million during the quarter, compared to analyst estimates of $77.09 million. During the same quarter last year, the firm posted ($2.44) earnings per share. The firm’s revenue for the quarter was up 100.8% compared to the same quarter last year. On average, analysts forecast that Resolute Energy Corporation will post $0.89 EPS for the current fiscal year.

In other news, Director James E. Duffy sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 20th. The stock was sold at an average price of $30.69, for a total transaction of $92,070.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director James E. Duffy sold 1,250 shares of the business’s stock in a transaction that occurred on Monday, June 26th. The shares were sold at an average price of $29.91, for a total value of $37,387.50. The disclosure for this sale can be found here. 7.30% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in REN. Nationwide Fund Advisors bought a new stake in shares of Resolute Energy Corporation during the first quarter valued at approximately $432,000. Wells Fargo & Company MN increased its position in shares of Resolute Energy Corporation by 2.6% during 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 purchasing an additional 79 shares during the period. UBS Asset Management Americas Inc. bought a new stake in shares of Resolute Energy Corporation during the first quarter valued at approximately $218,000. Raymond James Financial Services Advisors Inc. bought a new stake in shares of Resolute Energy Corporation during the first quarter valued at approximately $309,000. Finally, JPMorgan Chase & Co. bought a new stake in shares of Resolute Energy Corporation during the first quarter valued at approximately $6,584,000. Institutional investors and hedge funds own 93.81% of the company’s stock.

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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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