Zacks: Brokerages Anticipate Resolute Energy Corporation (REN) Will Announce Earnings of $0.55 Per Share
Analysts predict that Resolute Energy Corporation (NYSE:REN) will announce earnings per share (EPS) of $0.55 for the current quarter, according to Zacks. Four analysts have made estimates for Resolute Energy Corporation’s earnings, with estimates ranging from $0.08 to $0.58. Resolute Energy Corporation posted earnings per share of ($1.50) in the same quarter last year, which would indicate a positive year-over-year growth rate of 136.7%. The firm is scheduled to announce its next quarterly earnings report on Monday, March 12th.
According to Zacks, analysts expect that Resolute Energy Corporation will report full year earnings of $0.31 per share for the current year. For the next fiscal year, analysts anticipate that the firm will post earnings of $2.90 per share, with EPS estimates ranging from $1.28 to $5.32. Zacks Investment Research’s EPS calculations are an average based on a survey of research firms that follow Resolute Energy Corporation.
Resolute Energy Corporation (NYSE:REN) last posted its quarterly earnings data on Monday, November 6th. The oil and gas exploration company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.32). The business had revenue of $81.60 million for the quarter, compared to the consensus estimate of $86.76 million. The firm’s revenue for the quarter was up 72.2% compared to the same quarter last year. During the same period last year, the firm earned ($1.24) earnings per share.
A number of analysts have recently issued reports on the stock. 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 target price for the company. BMO Capital Markets lowered their target price on shares of Resolute Energy Corporation from $38.00 to $35.00 and set an “outperform” rating for the company in a research note on Friday, July 14th. Imperial Capital assumed coverage on shares of Resolute Energy Corporation in a research note on Tuesday, July 18th. They set an “outperform” rating and a $40.00 target price for the company. Northland Securities set a $60.00 target price on shares of Resolute Energy Corporation and gave the company 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 equities research analysts have rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $48.23.
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In related news, Director James E. Duffy sold 2,500 shares of Resolute Energy Corporation stock in a transaction dated Wednesday, September 27th. The stock was sold at an average price of $30.44, for a total value of $76,100.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 7.30% of the company’s stock.
A number of institutional investors have recently made changes to their positions in REN. Wells Fargo & Company MN raised its holdings in Resolute Energy Corporation by 2.6% in the first quarter. Wells Fargo & Company MN now owns 3,079 shares of the oil and gas exploration company’s stock worth $124,000 after purchasing an additional 79 shares in the last quarter. UBS Asset Management Americas Inc. bought a new position in Resolute Energy Corporation in the first quarter worth about $218,000. California Public Employees Retirement System raised its holdings in Resolute Energy Corporation by 17.5% in the first quarter. California Public Employees Retirement System now owns 14,800 shares of the oil and gas exploration company’s stock worth $598,000 after purchasing an additional 2,200 shares in the last quarter. Vanguard Group Inc. raised its holdings in Resolute Energy Corporation by 53.5% in the first quarter. Vanguard Group Inc. now owns 1,022,623 shares of the oil and gas exploration company’s stock worth $41,313,000 after purchasing an additional 356,237 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in Resolute Energy Corporation by 41.4% in the first quarter. Geode Capital Management LLC now owns 111,875 shares of the oil and gas exploration company’s stock worth $4,519,000 after purchasing an additional 32,768 shares in the last quarter. Institutional investors and hedge funds own 94.04% of the company’s stock.
Resolute Energy Corporation (NYSE REN) opened at $32.22 on Friday. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of -8.40. Resolute Energy Corporation has a one year low of $23.05 and a one year high of $49.14.
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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