Resolute Energy Corporation (NYSE:REN) insider Nicholas J. Sutton sold 9,999 shares of the firm’s stock in a transaction on Monday, December 18th. The shares were sold at an average price of $27.29, for a total transaction of $272,872.71. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Resolute Energy Corporation (NYSE REN) remained flat at $$27.09 on Wednesday. 634,000 shares of the stock traded hands, compared to its average volume of 730,863. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of -8.75. Resolute Energy Corporation has a 1 year low of $23.64 and a 1 year high of $49.14.

Resolute Energy (NYSE:REN) last released its quarterly earnings results on Monday, November 6th. The oil and gas exploration company reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.21). The company had revenue of $81.60 million for the quarter, compared to the consensus estimate of $86.76 million. During the same quarter in the prior year, the firm earned ($1.24) earnings per share. Resolute Energy’s quarterly revenue was up 72.2% compared to the same quarter last year. research analysts predict that Resolute Energy Corporation will post 0.6 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Monarch Alternative Capital LP lifted its position in shares of Resolute Energy by 33.3% during the third quarter. Monarch Alternative Capital LP now owns 1,816,300 shares of the oil and gas exploration company’s stock valued at $53,926,000 after purchasing an additional 453,251 shares in the last quarter. Franklin Resources Inc. lifted its position in shares of Resolute Energy by 32.0% during 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 purchasing an additional 416,802 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Resolute Energy by 46.2% during 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 purchasing an additional 472,759 shares in the last quarter. State Street Corp lifted its position in shares of Resolute Energy by 8.0% during 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 purchasing an additional 80,369 shares in the last quarter. Finally, Caymus Capital Partners L.P. lifted its position in shares of Resolute Energy by 82.2% during 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 purchasing an additional 336,900 shares in the last quarter. 97.76% of the stock is currently owned by institutional investors.

A number of research firms have weighed in on REN. KLR Group reaffirmed a “buy” rating and issued a $64.00 price objective (up from $60.00) on shares of Resolute Energy in a research note on Friday, September 15th. Barclays reaffirmed an “overweight” rating and issued a $37.00 price objective on shares of Resolute Energy in a research note on Monday, November 20th. Northland Securities set a $50.00 price objective on shares of Resolute Energy and gave the company a “buy” rating in a research note on Thursday, November 16th. ValuEngine lowered shares of Resolute Energy from a “hold” rating to a “sell” rating in a research note on Wednesday, September 6th. Finally, BMO Capital Markets lowered shares of Resolute Energy from an “outperform” rating to a “market perform” rating and set a $35.00 price objective on the stock. in a research note on Monday, September 18th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $45.43.

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Resolute Energy Company Profile

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).

Insider Buying and Selling by Quarter for Resolute Energy (NYSE:REN)

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