James E. Duffy Sells 3,000 Shares of Resolute Energy Corporation (REN) Stock
Resolute Energy Corporation (NYSE:REN) Director James E. Duffy sold 3,000 shares of Resolute Energy stock in a transaction that occurred on Wednesday, December 27th. The stock was sold at an average price of $30.96, for a total transaction of $92,880.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of Resolute Energy Corporation (NYSE:REN) opened at $31.47 on Friday. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of -8.75. The stock has a market cap of $701.22, a price-to-earnings ratio of -21.55 and a beta of 3.43. Resolute Energy Corporation has a fifty-two week low of $23.64 and a fifty-two week high of $49.14.
Resolute Energy (NYSE:REN) last announced its quarterly earnings results on Monday, November 6th. The oil and gas exploration company reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.21). The business had revenue of $81.60 million for the quarter, compared to the consensus estimate of $86.76 million. The business’s revenue was up 72.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($1.24) EPS. equities research analysts predict that Resolute Energy Corporation will post 0.6 earnings per share for the current year.
A number of equities research analysts have commented on the stock. Imperial Capital reaffirmed a “buy” rating and issued a $50.00 target price on shares of Resolute Energy in a research report on Monday, September 18th. SunTrust Banks reiterated a “buy” rating on shares of Resolute Energy in a research note on Friday, November 10th. BMO Capital Markets cut shares of Resolute Energy from an “outperform” rating to a “market perform” rating and set a $35.00 price target on the stock. in a research note on Monday, September 18th. They noted that the move was a valuation call. Goldman Sachs Group set a $37.00 price target on shares of Resolute Energy and gave the stock a “buy” rating in a research note on Wednesday, December 6th. Finally, Northland Securities set a $40.00 price target on shares of Resolute Energy and gave the stock a “buy” rating in a research note on Monday, December 11th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company. Resolute Energy presently has an average rating of “Hold” and an average price target of $45.29.
Several institutional investors have recently bought and sold shares of REN. Vanguard Group Inc. increased its holdings in shares of Resolute Energy by 46.2% in the 2nd quarter. Vanguard Group Inc. now owns 1,495,382 shares of the oil and gas exploration company’s stock worth $44,518,000 after buying an additional 472,759 shares during the last quarter. Monarch Alternative Capital LP increased its holdings in shares of Resolute Energy by 33.3% in the 3rd quarter. Monarch Alternative Capital LP now owns 1,816,300 shares of the oil and gas exploration company’s stock worth $53,926,000 after buying an additional 453,251 shares during the last quarter. Franklin Resources Inc. grew its holdings in Resolute Energy by 32.0% during the 2nd 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 purchasing an additional 416,802 shares during the last quarter. Westfield Capital Management Co. LP bought a new position in Resolute Energy during the 3rd quarter valued at about $9,130,000. Finally, Westwood Holdings Group Inc. grew its holdings in Resolute Energy by 77.4% during the 2nd 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 purchasing an additional 291,195 shares during the last quarter. Hedge funds and other institutional investors own 97.76% of the company’s stock.
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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).
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