Resolute Energy Corporation (REN) Shares Down 4.4%
Resolute Energy Corporation (NYSE:REN)’s share price was down 4.4% during trading on Tuesday . The stock traded as low as $26.27 and last traded at $30.75. Approximately 602,000 shares traded hands during trading, a decline of 19% from the average daily volume of 743,815 shares. The stock had previously closed at $32.18.
Several equities analysts have recently commented on REN shares. Imperial Capital restated a “buy” rating and set a $50.00 price target on shares of Resolute Energy Corporation in a research report on Monday, September 18th. KLR Group reaffirmed a “buy” rating and issued a $64.00 price objective (up previously from $60.00) on shares of Resolute Energy Corporation in a report on Friday, September 15th. Goldman Sachs Group, Inc. (The) raised shares of Resolute Energy Corporation from a “neutral” rating to a “buy” rating and set a $32.00 price objective for the company in a report on Thursday, October 19th. They noted that the move was a valuation call. Northland Securities set a $60.00 price objective on shares of Resolute Energy Corporation and gave the stock a “buy” rating in a report on Monday, July 17th. Finally, BMO Capital Markets set a $35.00 price objective on shares of Resolute Energy Corporation and gave the stock a “buy” rating in a report on Wednesday, August 16th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $48.23.
The company has a debt-to-equity ratio of -8.75, a quick ratio of 0.42 and a current ratio of 0.42.
Resolute Energy Corporation (NYSE:REN) last posted its quarterly earnings data on Monday, November 6th. The oil and gas exploration company reported $0.15 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. During the same period in the previous year, the company earned ($1.24) earnings per share. The company’s quarterly revenue was up 72.2% on a year-over-year basis. sell-side analysts predict that Resolute Energy Corporation will post 0.61 earnings per share for the current year.
In other Resolute Energy Corporation news, Director James E. Duffy sold 2,500 shares of the company’s stock in a transaction dated Wednesday, September 27th. The shares were sold at an average price of $30.44, for a total transaction of $76,100.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 7.30% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently bought and sold shares of REN. Wells Fargo & Company MN increased its holdings in shares of Resolute Energy Corporation by 2.6% in the 1st quarter. Wells Fargo & Company MN now owns 3,079 shares of the oil and gas exploration company’s stock valued at $124,000 after purchasing an additional 79 shares during the period. Northpointe Capital LLC acquired a new position in shares of Resolute Energy Corporation in the 2nd quarter valued at about $152,000. Legal & General Group Plc acquired a new position in shares of Resolute Energy Corporation in the 2nd quarter valued at about $168,000. Bank of America Corp DE increased its holdings in shares of Resolute Energy Corporation by 799.4% in the 1st quarter. Bank of America Corp DE now owns 4,803 shares of the oil and gas exploration company’s stock valued at $194,000 after purchasing an additional 4,269 shares during the period. Finally, UBS Asset Management Americas Inc. acquired a new position in shares of Resolute Energy Corporation in the 1st quarter valued at about $218,000. 93.45% of the stock is owned by institutional investors.
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Resolute Energy Corporation 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).
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