Resolute Energy (REN) Given Media Sentiment Rating of 0.14
News articles about Resolute Energy (NYSE:REN) have been trending somewhat positive on Friday, according to Accern Sentiment Analysis. The research firm ranks the sentiment of news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Resolute Energy earned a news sentiment score of 0.14 on Accern’s scale. Accern also assigned news stories about the oil and gas exploration company an impact score of 45.4751505138795 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
A number of analysts have issued reports on REN shares. Goldman Sachs Group upgraded shares of Resolute Energy from a “neutral” rating to a “buy” rating and set a $32.00 price target on the stock in a report on Thursday, October 19th. They noted that the move was a valuation call. KLR Group reiterated a “buy” rating and issued a $64.00 price target (up from $60.00) on shares of Resolute Energy in a report on Friday, September 15th. Barclays reiterated a “buy” rating and issued a $36.00 price target on shares of Resolute Energy in a report on Sunday, December 24th. Northland Securities set a $50.00 price target on shares of Resolute Energy and gave the company a “buy” rating in a report on Thursday, November 16th. Finally, ValuEngine upgraded shares of Resolute Energy from a “sell” rating to a “hold” rating in a report on Wednesday, January 3rd. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $45.29.
Shares of Resolute Energy (REN) opened at $36.58 on Friday. Resolute Energy has a fifty-two week low of $23.64 and a fifty-two week high of $49.14. 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 firm has a market cap of $823.19, a PE ratio of -26.90 and a beta of 3.42.
Resolute Energy (NYSE:REN) last posted its 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 firm had revenue of $81.60 million for the quarter, compared to analysts’ expectations of $86.76 million. During the same quarter in the previous year, the business posted ($1.24) EPS. The firm’s revenue was up 72.2% on a year-over-year basis. research analysts anticipate that Resolute Energy will post 0.6 earnings per share for the current year.
In other news, Director James E. Duffy sold 3,000 shares of the business’s stock in a transaction dated Wednesday, December 27th. The shares were sold at an average price of $30.96, for a total value of $92,880.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Nicholas J. Sutton sold 9,999 shares of the business’s stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $27.29, for a total transaction of $272,872.71. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 19,999 shares of company stock worth $559,458. Insiders own 7.30% of the company’s stock.
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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).
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