Imperial Capital Weighs in on Resolute Energy Corporation’s FY2017 Earnings (REN)

Resolute Energy Corporation (NYSE:REN) – Stock analysts at Imperial Capital lowered their FY2017 EPS estimates for shares of Resolute Energy Corporation in a report issued on Wednesday. Imperial Capital analyst J. Wangler now expects that the oil and gas exploration company will post earnings of $0.33 per share for the year, down from their prior estimate of $0.34. Imperial Capital currently has a “Buy” rating and a $50.00 target price on the stock. Imperial Capital also issued estimates for Resolute Energy Corporation’s Q4 2017 earnings at $0.29 EPS, Q1 2018 earnings at $0.48 EPS, Q2 2018 earnings at $0.68 EPS, Q3 2018 earnings at $0.78 EPS, Q4 2018 earnings at $1.08 EPS and FY2018 earnings at $3.01 EPS.

Several other analysts have also recently commented on the company. Northland Securities set a $50.00 price target on Resolute Energy Corporation and gave the company a “buy” rating in a report on Thursday. SunTrust Banks, Inc. reaffirmed a “buy” rating on shares of Resolute Energy Corporation in a research note on Friday, November 10th. BMO Capital Markets set a $35.00 price objective on Resolute Energy Corporation and gave the company a “hold” rating in a research note on Tuesday, October 24th. The Goldman Sachs Group, Inc. raised Resolute Energy Corporation from a “neutral” rating to a “buy” rating and set a $32.00 price objective for the company in a research note on Thursday, October 19th. They noted that the move was a valuation call. Finally, KLR Group reaffirmed a “buy” rating and issued a $64.00 price objective (up from $60.00) on shares of Resolute Energy Corporation in a research note on Friday, September 15th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $46.98.

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Shares of Resolute Energy Corporation (REN) opened at $27.67 on Friday. 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 has a 1-year low of $23.64 and a 1-year high of $49.14.

Resolute Energy Corporation (NYSE:REN) last posted its quarterly earnings results on Monday, November 6th. The oil and gas exploration company reported $0.15 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.21). The firm had revenue of $81.60 million during the quarter, compared to analyst estimates of $86.76 million. Resolute Energy Corporation’s revenue for the quarter was up 72.2% on a year-over-year basis. During the same period in the prior year, the company earned ($1.24) earnings per share.

In other news, Director James E. Duffy sold 2,500 shares of Resolute Energy Corporation stock in a transaction on Wednesday, September 27th. The stock was sold at an average price of $30.44, for a total value of $76,100.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 7.30% of the stock is owned by insiders.

Several large investors have recently made changes to their positions in the company. Monarch Alternative Capital LP grew its position in shares of Resolute Energy Corporation by 33.3% in the third quarter. Monarch Alternative Capital LP now owns 1,816,300 shares of the oil and gas exploration company’s stock valued at $53,926,000 after purchasing an additional 453,251 shares during the period. Jane Street Group LLC acquired a new position in Resolute Energy Corporation in the third quarter valued at $270,000. Westfield Capital Management Co. LP acquired a new position in Resolute Energy Corporation in the third quarter valued at $9,130,000. Dimensional Fund Advisors LP acquired a new position in Resolute Energy Corporation in the third quarter valued at $2,640,000. Finally, Brown Advisory Inc. acquired a new position in Resolute Energy Corporation in the third quarter valued at $233,000. 93.45% of the stock is owned by institutional investors and hedge funds.

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).

Earnings History and Estimates for Resolute Energy Corporation (NYSE:REN)

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