Northpointe Capital LLC bought a new position in Resolute Energy Corporation (NYSE:REN) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 5,100 shares of the oil and gas exploration company’s stock, valued at approximately $152,000.
A number of other institutional investors have also modified their holdings of REN. Wellington Management Group LLP boosted its position in shares of Resolute Energy Corporation by 68.9% in the first quarter. Wellington Management Group LLP now owns 3,097,194 shares of the oil and gas exploration company’s stock worth $125,127,000 after buying an additional 1,263,959 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of 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 buying an additional 356,237 shares during the last quarter. Caymus Capital Partners L.P. acquired a new position in shares of Resolute Energy Corporation during the first quarter worth approximately $16,564,000. Westwood Holdings Group Inc. acquired a new position in shares of Resolute Energy Corporation during the first quarter worth approximately $15,194,000. Finally, United Services Automobile Association boosted its position in shares of Resolute Energy Corporation by 189.3% in the first quarter. United Services Automobile Association now owns 286,723 shares of the oil and gas exploration company’s stock worth $11,584,000 after buying an additional 187,623 shares during the last quarter. Institutional investors own 89.14% of the company’s stock.
Shares of Resolute Energy Corporation (NYSE REN) opened at 26.74 on Friday. The company’s market cap is $589.80 million. The stock’s 50 day moving average is $30.74 and its 200-day moving average is $38.01. Resolute Energy Corporation has a 52 week low of $15.70 and a 52 week high of $49.14.
Resolute Energy Corporation (NYSE:REN) last posted its quarterly earnings results on Monday, August 7th. The oil and gas exploration company reported $0.47 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.25. The company had revenue of $71.06 million during the quarter, compared to analysts’ expectations of $77.09 million. The company’s quarterly revenue was up 100.8% on a year-over-year basis. During the same period in the prior year, the business earned ($2.44) EPS. On average, equities analysts anticipate that Resolute Energy Corporation will post $0.71 earnings per share for the current year.
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REN has been the topic of a number of analyst reports. Imperial Capital initiated coverage on shares of Resolute Energy Corporation in a research report on Tuesday, July 18th. They issued an “outperform” rating and a $40.00 target price on the stock. BMO Capital Markets cut 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 report on Friday, July 14th. Goldman Sachs Group, Inc. (The) initiated coverage on shares of Resolute Energy Corporation in a report on Monday, July 17th. They issued 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 report on Saturday, August 12th. Finally, Northland Securities set a $60.00 price target on shares of Resolute Energy Corporation and gave the stock a “buy” rating in a report on Monday, July 17th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have assigned a buy rating to the stock. Resolute Energy Corporation currently has a consensus rating of “Buy” and an average price target of $43.45.
In related news, Director James E. Duffy sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, June 20th. The shares were sold at an average price of $30.69, for a total value of $92,070.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director James E. Duffy sold 1,250 shares of the firm’s stock in a transaction dated Monday, June 26th. The stock was sold at an average price of $29.91, for a total transaction of $37,387.50. The disclosure for this sale can be found here. Insiders sold a total of 25,250 shares of company stock worth $1,020,578 in the last ninety days. 7.30% of the stock is currently owned by insiders.
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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