BMO Capital Markets lowered shares of Resolute Energy Corporation (NYSE:REN) from an outperform rating to a market perform rating in a research report report published on Monday morning, MarketBeat Ratings reports. They currently have $35.00 price objective on the oil and gas exploration company’s stock. The analysts noted that the move was a valuation call.

Other research analysts have also issued research reports about the stock. Imperial Capital reaffirmed a buy rating and issued a $50.00 target price on shares of Resolute Energy Corporation in a research note on Monday. Zacks Investment Research lowered shares of Resolute Energy Corporation from a hold rating to a strong sell rating in a research note on Wednesday, July 12th. Goldman Sachs Group, Inc. (The) assumed coverage on shares of Resolute Energy Corporation in a research note on Monday, July 17th. They issued a neutral rating and a $34.00 target price on the stock. BidaskClub lowered shares of Resolute Energy Corporation from a hold rating to a sell rating in a research note on Tuesday, August 8th. Finally, SunTrust Banks, Inc. assumed coverage on shares of Resolute Energy Corporation in a research note on Thursday, June 1st. They issued a buy rating and a $55.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating to the stock. The stock presently has an average rating of Hold and a consensus price target of $44.99.

Shares of Resolute Energy Corporation (REN) opened at 30.56 on Monday. Resolute Energy Corporation has a 12-month low of $20.47 and a 12-month high of $49.14. The company’s market capitalization is $674.06 million. The company has a 50 day moving average of $28.33 and a 200-day moving average of $34.97.

Resolute Energy Corporation (NYSE:REN) last issued its earnings results on Monday, August 7th. The oil and gas exploration company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.25. The business had revenue of $71.06 million during the quarter, compared to the consensus estimate of $77.09 million. The firm’s revenue for the quarter was up 100.8% compared to the same quarter last year. During the same period last year, the business posted ($2.44) EPS. On average, equities analysts anticipate that Resolute Energy Corporation will post $0.73 EPS for the current fiscal year.

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In related news, Director James E. Duffy sold 1,250 shares of Resolute Energy Corporation stock in a transaction that occurred 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. 7.30% of the stock is owned by company insiders.

Institutional investors have recently added to or reduced their stakes in the stock. United Services Automobile Association boosted its stake in Resolute Energy Corporation by 189.3% during the 1st quarter. United Services Automobile Association now owns 286,723 shares of the oil and gas exploration company’s stock worth $11,584,000 after acquiring an additional 187,623 shares during the last quarter. Wells Fargo & Company MN raised its holdings in Resolute Energy Corporation by 2.6% during the 1st quarter. Wells Fargo & Company MN now owns 3,079 shares of the oil and gas exploration company’s stock worth $124,000 after buying an additional 79 shares during the period. Segantii Capital Management Ltd raised its holdings in Resolute Energy Corporation by 597.4% during the 1st quarter. Segantii Capital Management Ltd now owns 26,500 shares of the oil and gas exploration company’s stock worth $1,071,000 after buying an additional 22,700 shares during the period. Caymus Capital Partners L.P. raised its holdings in Resolute Energy Corporation by 82.2% during the 2nd quarter. Caymus Capital Partners L.P. now owns 746,900 shares of the oil and gas exploration company’s stock worth $22,235,000 after buying an additional 336,900 shares during the period. Finally, Weiss Multi Strategy Advisers LLC acquired a new stake in Resolute Energy Corporation during the 1st quarter worth approximately $7,176,000. 93.81% of the stock is currently owned by institutional investors and hedge funds.

About Resolute Energy Corporation

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).

Analyst Recommendations for Resolute Energy Corporation (NYSE:REN)

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