Resolute Energy Co. (NYSE:REN)‘s stock had its “buy” rating reissued by SunTrust Banks, Inc. in a report released on Friday. SunTrust Banks also issued estimates for Resolute Energy’s Q4 2017 earnings at $0.47 EPS, FY2017 earnings at $0.87 EPS, FY2018 earnings at $3.05 EPS, FY2019 earnings at $4.98 EPS and FY2020 earnings at $6.39 EPS.
Several other equities analysts also recently commented on the stock. ValuEngine downgraded shares of Resolute Energy from a “hold” rating to a “sell” rating in a report on Wednesday, September 6th. BMO Capital Markets decreased their price objective on shares of Resolute Energy 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) upgraded shares of Resolute Energy from a “neutral” rating to a “buy” rating and set a $32.00 price objective 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 objective (up from $60.00) on shares of Resolute Energy in a report on Friday, September 15th. Finally, Imperial Capital reiterated a “buy” rating and issued a $50.00 price objective on shares of Resolute Energy in a report on Monday, September 18th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $48.23.
Resolute Energy (NYSE REN) traded up $0.08 during trading hours on Friday, hitting $32.18. 501,800 shares of the company’s stock traded hands, compared to its average volume of 744,465. Resolute Energy has a 12-month low of $23.64 and a 12-month high of $49.14. The company has a debt-to-equity ratio of -8.75, a quick ratio of 0.56 and a current ratio of 0.42.
Resolute Energy (NYSE:REN) last released its quarterly earnings data on Monday, November 6th. The oil and gas exploration company reported $0.15 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by ($0.21). The business had revenue of $81.60 million for the quarter, compared to analysts’ expectations of $86.76 million. During the same quarter in the prior year, the company posted ($1.24) EPS. Resolute Energy’s revenue was up 72.2% on a year-over-year basis. analysts predict that Resolute Energy will post 0.61 earnings per share for the current fiscal year.
In other news, Director James E. Duffy sold 2,500 shares of the business’s stock in a transaction dated Wednesday, September 27th. The shares were sold at an average price of $30.44, for a total value of $76,100.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 7.30% of the company’s stock.
Institutional investors have recently made changes to their positions in the company. Caxton Associates LP bought a new stake in shares of Resolute Energy in the second quarter valued at about $5,005,000. Fox Run Management L.L.C. bought a new stake in Resolute Energy during the third quarter worth about $442,000. Wells Fargo & Company MN lifted its position in Resolute Energy by 2.6% during 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 during the period. Teachers Advisors LLC bought a new stake in Resolute Energy during the second quarter worth about $1,172,000. Finally, Franklin Resources Inc. lifted its position in Resolute Energy by 32.0% during the second quarter. Franklin Resources Inc. now owns 1,719,287 shares of the oil and gas exploration company’s stock worth $51,182,000 after purchasing an additional 416,802 shares during the period. 94.04% of the stock is owned by institutional investors.
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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