FY2018 EPS Estimates for Resolute Energy Corporation (REN) Lowered by Analyst
Resolute Energy Corporation (NYSE:REN) – Analysts at Capital One Financial Corporation cut their FY2018 earnings estimates for shares of Resolute Energy Corporation in a research report issued on Tuesday. Capital One Financial Corporation analyst R. Tullis now anticipates that the oil and gas exploration company will post earnings per share of $3.05 for the year, down from their prior estimate of $3.31.
Other analysts have also issued reports about the stock. BMO Capital Markets cut their target price on shares of Resolute Energy Corporation from $38.00 to $35.00 and set an “outperform” rating on the stock in a research note on Friday, July 14th. Imperial Capital reaffirmed a “buy” rating and issued a $50.00 price target on shares of Resolute Energy Corporation in a report on Monday, September 18th. Goldman Sachs Group, Inc. (The) assumed coverage on Resolute Energy Corporation in a report on Monday, July 17th. They issued a “neutral” rating and a $34.00 price target for the company. BidaskClub downgraded Resolute Energy Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, August 8th. Finally, Zacks Investment Research raised Resolute Energy Corporation from a “strong sell” rating to a “hold” rating in a report on Saturday, August 12th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the company. Resolute Energy Corporation presently has an average rating of “Hold” and a consensus price target of $48.23.
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Resolute Energy Corporation (NYSE:REN) traded up $0.08 during mid-day trading on Thursday, hitting $32.18. 501,491 shares of the company were exchanged, compared to its average volume of 744,464. The company has a debt-to-equity ratio of -8.75, a quick ratio of 0.56 and a current ratio of 0.42. Resolute Energy Corporation has a 12-month low of $23.64 and a 12-month high of $49.14.
Resolute Energy Corporation (NYSE:REN) last released its earnings results on Monday, November 6th. The oil and gas exploration company reported $0.15 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.36 by ($0.21). The company had revenue of $81.60 million for the quarter, compared to analysts’ expectations of $86.76 million. During the same quarter last year, the firm earned ($1.24) EPS. The business’s revenue for the quarter was up 72.2% on a year-over-year basis.
Several hedge funds have recently bought and sold shares of the company. Franklin Resources Inc. boosted its holdings in shares of Resolute Energy Corporation by 32.0% in the second quarter. Franklin Resources Inc. now owns 1,719,287 shares of the oil and gas exploration company’s stock valued at $51,182,000 after acquiring an additional 416,802 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Resolute Energy Corporation by 46.2% in the second quarter. Vanguard Group Inc. now owns 1,495,382 shares of the oil and gas exploration company’s stock valued at $44,518,000 after acquiring an additional 472,759 shares during the period. State Street Corp boosted its holdings in shares of Resolute Energy Corporation by 8.0% in the second quarter. State Street Corp now owns 1,088,191 shares of the oil and gas exploration company’s stock valued at $32,396,000 after acquiring an additional 80,369 shares during the period. Caymus Capital Partners L.P. boosted its holdings in shares of Resolute Energy Corporation by 82.2% in the second quarter. Caymus Capital Partners L.P. now owns 746,900 shares of the oil and gas exploration company’s stock valued at $22,235,000 after acquiring an additional 336,900 shares during the period. Finally, Westwood Holdings Group Inc. boosted its holdings in shares of Resolute Energy Corporation by 77.4% in the second quarter. Westwood Holdings Group Inc. now owns 667,290 shares of the oil and gas exploration company’s stock valued at $19,865,000 after acquiring an additional 291,195 shares during the period. 94.04% of the stock is owned by institutional investors and hedge funds.
In other news, Director James E. Duffy sold 2,500 shares of the stock in a transaction that occurred on Wednesday, September 27th. The stock was sold at an average price of $30.44, for a total value of $76,100.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 7.30% of the stock is currently owned by corporate insiders.
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).
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