James E. Duffy Sells 1,000 Shares of Resolute Energy Corp (REN) Stock
Resolute Energy Corp (NYSE:REN) Director James E. Duffy sold 1,000 shares of Resolute Energy stock in a transaction on Tuesday, September 11th. The stock was sold at an average price of $32.35, for a total transaction of $32,350.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of Resolute Energy stock opened at $34.00 on Friday. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of -8.08. The firm has a market cap of $770.52 million, a price-to-earnings ratio of 566.67 and a beta of 3.35. Resolute Energy Corp has a 12-month low of $25.46 and a 12-month high of $38.64.
Resolute Energy (NYSE:REN) last issued its quarterly earnings data on Monday, August 6th. The oil and gas exploration company reported ($0.07) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.19 by ($0.26). The company had revenue of $73.38 million for the quarter, compared to analysts’ expectations of $76.24 million. Resolute Energy had a negative net margin of 10.99% and a negative return on equity of 16.12%. The firm’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.47 earnings per share. analysts forecast that Resolute Energy Corp will post 2.19 earnings per share for the current year.
Separately, ValuEngine downgraded shares of Resolute Energy from a “hold” rating to a “sell” rating in a research note on Monday, July 2nd. Seven investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $43.11.
About Resolute Energy
Resolute Energy Corporation, an independent oil and gas company, engages in the acquisition, exploitation, exploration for, and development of oil and gas properties in the United States. Its principal project area is located in the Delaware Basin portion of the Permian Basin, Reeves County. As of December 31, 2017, it had interests in approximately 27,100 gross acres located in the Permian Basin of Texas; and its estimated net proved reserves were approximately 53.4 million barrels of oil equivalent.
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