Resolute Energy (NYSE:REN) has been given a $44.00 price objective by SunTrust Banks in a report released on Wednesday. The brokerage presently has a “buy” rating on the oil and gas exploration company’s stock. SunTrust Banks’ price target indicates a potential upside of 18.09% from the stock’s current price.

Several other analysts have also recently commented on the company. Northland Securities set a $50.00 target price on Resolute Energy and gave the company a “buy” rating in a research report on Thursday, November 16th. Barclays restated an “overweight” rating and issued a $37.00 target price on shares of Resolute Energy in a research report on Monday, November 20th. Zacks Investment Research upgraded Resolute Energy from a “hold” rating to a “strong-buy” rating and set a $42.00 target price on the stock in a research report on Tuesday, January 16th. Goldman Sachs Group set a $37.00 target price on Resolute Energy and gave the company a “buy” rating in a research report on Wednesday, December 6th. Finally, B. Riley started coverage on Resolute Energy in a research report on Monday, February 5th. They issued a “neutral” rating and a $39.00 target price on the stock. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $42.67.

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Shares of Resolute Energy (NYSE:REN) traded up $1.26 during trading on Wednesday, hitting $37.26. The stock had a trading volume of 247,955 shares, compared to its average volume of 673,778. The company has a debt-to-equity ratio of -8.75, a current ratio of 0.42 and a quick ratio of 0.42. The firm has a market cap of $787.19, a PE ratio of -87.80 and a beta of 3.33. Resolute Energy has a fifty-two week low of $23.64 and a fifty-two week high of $45.70.

Resolute Energy (NYSE:REN) last announced its quarterly earnings results on Monday, March 12th. The oil and gas exploration company reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.02. The business had revenue of $89.23 million for the quarter, compared to analysts’ expectations of $87.71 million. Resolute Energy had a negative return on equity of 26.31% and a negative net margin of 1.23%. The business’s quarterly revenue was up 10.1% on a year-over-year basis. During the same period in the prior year, the firm earned ($1.23) EPS. research analysts forecast that Resolute Energy will post 3.73 EPS for the current year.

In other Resolute Energy news, Director James E. Duffy sold 3,000 shares of the stock in a transaction on Wednesday, December 27th. The stock was sold at an average price of $30.96, for a total transaction of $92,880.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director James E. Duffy sold 1,500 shares of the stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $26.64, for a total value of $39,960.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 14,499 shares of company stock valued at $405,713. 7.30% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. MetLife Investment Advisors LLC bought a new position in Resolute Energy during the 4th quarter valued at $348,000. Goldman Sachs Group Inc. boosted its stake in shares of Resolute Energy by 256.1% during the 4th quarter. Goldman Sachs Group Inc. now owns 141,377 shares of the oil and gas exploration company’s stock worth $4,449,000 after acquiring an additional 101,670 shares in the last quarter. Lion Point Capital LP bought a new stake in shares of Resolute Energy during the 4th quarter worth $30,683,000. Kennedy Capital Management Inc. boosted its stake in shares of Resolute Energy by 42.1% during the 4th quarter. Kennedy Capital Management Inc. now owns 245,108 shares of the oil and gas exploration company’s stock worth $7,714,000 after acquiring an additional 72,647 shares in the last quarter. Finally, Dumac Inc. bought a new stake in shares of Resolute Energy during the 4th quarter worth $4,639,000.

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About Resolute Energy

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 (NYSE:REN)

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