Imperial Capital reaffirmed their buy rating on shares of Resolute Energy Corporation (NYSE:REN) in a report published on Monday. They currently have a $50.00 target price on the oil and gas exploration company’s stock. Imperial Capital also issued estimates for Resolute Energy Corporation’s Q4 2017 earnings at $0.25 EPS, FY2017 earnings at $0.31 EPS, Q1 2018 earnings at $0.45 EPS, Q2 2018 earnings at $0.53 EPS, Q3 2018 earnings at $0.60 EPS, Q4 2018 earnings at $1.04 EPS and FY2018 earnings at $2.62 EPS.

Several other equities research analysts have also recently issued reports on REN. BMO Capital Markets decreased their price target 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. Goldman Sachs Group, Inc. (The) assumed coverage on shares of Resolute Energy Corporation in a research note on Monday, July 17th. They set a neutral rating and a $34.00 price target on the stock. Zacks Investment Research raised shares of Resolute Energy Corporation from a strong sell rating to a hold rating in a research note on Saturday, August 12th. Northland Securities set a $60.00 price target on shares of Resolute Energy Corporation and gave the stock a buy rating in a research note on Monday, July 17th. Finally, BidaskClub raised shares of Resolute Energy Corporation from a sell rating to a hold rating in a research note on Wednesday, July 12th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and ten have given a buy rating to the company’s stock. The stock has an average rating of Hold and an average target price of $44.99.

Resolute Energy Corporation (REN) opened at 30.01 on Monday. The company’s 50-day moving average is $28.33 and its 200-day moving average is $34.97. Resolute Energy Corporation has a 52-week low of $20.47 and a 52-week high of $49.14. The firm’s market capitalization is $661.93 million.

Resolute Energy Corporation (NYSE:REN) last posted its earnings results on Monday, August 7th. The oil and gas exploration company reported $0.47 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.25. The business had revenue of $71.06 million for the quarter, compared to analysts’ expectations of $77.09 million. During the same quarter last year, the business posted ($2.44) earnings per share. The business’s revenue was up 100.8% compared to the same quarter last year. Equities analysts predict that Resolute Energy Corporation will post $0.73 earnings per share for the current year.

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In other news, Director James E. Duffy sold 1,250 shares of Resolute Energy Corporation stock in a transaction that occurred on Monday, June 26th. The shares were sold at an average price of $29.91, for a total transaction of $37,387.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 7.30% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Phocas Financial Corp. raised its stake in shares of Resolute Energy Corporation by 4.7% during the second quarter. Phocas Financial Corp. now owns 123,675 shares of the oil and gas exploration company’s stock valued at $3,682,000 after purchasing an additional 5,521 shares during the period. Mesirow Financial Investment Management Inc. purchased a new stake in shares of Resolute Energy Corporation during the second quarter valued at approximately $367,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Resolute Energy Corporation during the second quarter valued at approximately $285,000. Westwood Holdings Group Inc. raised its stake in shares of Resolute Energy Corporation by 77.4% during 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 purchasing an additional 291,195 shares during the period. Finally, California State Teachers Retirement System purchased a new stake in shares of Resolute Energy Corporation during the second quarter valued at approximately $1,146,000. Institutional investors own 93.81% of the company’s stock.

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).

Analyst Recommendations for Resolute Energy Corporation (NYSE:REN)

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