Resolute Energy Corporation (REN) Receives $47.26 Average Target Price from Brokerages

Shares of Resolute Energy Corporation (NYSE:REN) have been given an average recommendation of “Hold” by the twelve ratings firms that are currently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and seven have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $45.83.

A number of research firms have commented on REN. SunTrust Banks, Inc. restated a “buy” rating on shares of Resolute Energy Corporation in a research report on Friday, November 10th. Zacks Investment Research upgraded shares of Resolute Energy Corporation from a “strong sell” rating to a “hold” rating in a research report on Saturday, August 12th. Northland Securities set a $50.00 price target on shares of Resolute Energy Corporation and gave the stock a “buy” rating in a research report on Thursday. BidaskClub downgraded shares of Resolute Energy Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, August 8th. Finally, BMO Capital Markets set a $35.00 price target on shares of Resolute Energy Corporation and gave the stock a “hold” rating in a research report on Tuesday, October 24th.

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In related news, Director James E. Duffy sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, September 27th. The shares were 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 SEC, which can be accessed through this hyperlink. 7.30% of the stock is owned by insiders.

Institutional investors have recently added to or reduced their stakes in the company. Wells Fargo & Company MN increased its position in shares of 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 acquiring an additional 79 shares in the last quarter. Northpointe Capital LLC purchased a new position in shares of Resolute Energy Corporation in the second quarter worth approximately $152,000. Legal & General Group Plc purchased a new position in shares of Resolute Energy Corporation in the second quarter worth approximately $168,000. Bank of America Corp DE increased its position in shares of Resolute Energy Corporation by 799.4% in the first quarter. Bank of America Corp DE now owns 4,803 shares of the oil and gas exploration company’s stock worth $194,000 after acquiring an additional 4,269 shares in the last quarter. Finally, UBS Asset Management Americas Inc. purchased a new position in shares of Resolute Energy Corporation in the first quarter worth approximately $218,000. 91.26% of the stock is currently owned by institutional investors and hedge funds.

Resolute Energy Corporation (REN) traded up $1.07 during mid-day trading on Thursday, hitting $27.67. 524,033 shares of the company’s stock were exchanged, compared to its average volume of 796,720. Resolute Energy Corporation has a one year low of $23.64 and a one year high of $49.14. 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 (NYSE:REN) last released its quarterly earnings results on Monday, November 6th. The oil and gas exploration company reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.21). The business had revenue of $81.60 million for the quarter, compared to the consensus estimate of $86.76 million. During the same quarter last year, the business earned ($1.24) EPS. The company’s quarterly revenue was up 72.2% compared to the same quarter last year. research analysts expect that Resolute Energy Corporation will post 0.6 EPS for the current year.

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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