News coverage about Resolute Energy (NYSE:REN) has trended somewhat positive on Wednesday, Accern reports. Accern scores the sentiment of press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Resolute Energy earned a news sentiment score of 0.18 on Accern’s scale. Accern also gave news headlines about the oil and gas exploration company an impact score of 46.9808590271327 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the news headlines that may have impacted Accern Sentiment’s rankings:
- Brokerages Anticipate Resolute Energy Corporation (REN) Will Announce Quarterly Sales of $79.71 Million (americanbankingnews.com)
- Resolute Energy Corporation (NYSE:REN)’s Earnings Grew 91.7%, Is It Enough? (finance.yahoo.com)
- Resolute Energy Corporation (REN) Receives Consensus Recommendation of “Buy” from Analysts (americanbankingnews.com)
- James E. Duffy Sells 1,000 Shares of Resolute Energy Corporation (REN) Stock (americanbankingnews.com)
- Resolute Energy Corporation (REN) Director Sells $56,080.00 in Stock (americanbankingnews.com)
Shares of Resolute Energy (NYSE:REN) traded down $1.26 during midday trading on Wednesday, hitting $26.31. 665,900 shares of the company traded hands, compared to its average volume of 734,386. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of -8.75. Resolute Energy has a 12 month low of $23.64 and a 12 month high of $49.14.
Resolute Energy (NYSE:REN) last issued its 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 company 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 firm posted ($1.24) earnings per share. The firm’s revenue for the quarter was up 72.2% compared to the same quarter last year. analysts anticipate that Resolute Energy will post 0.6 earnings per share for the current fiscal year.
Several research analysts have commented on REN shares. Northland Securities set a $50.00 price target on shares of Resolute Energy and gave the stock a “buy” rating in a research note on Thursday, November 16th. BMO Capital Markets set a $35.00 price target on shares of Resolute Energy and gave the stock a “buy” rating in a research note on Wednesday, August 16th. Barclays reissued an “overweight” rating and set a $37.00 price target on shares of Resolute Energy in a research note on Monday, November 20th. ValuEngine downgraded shares of Resolute Energy from a “hold” rating to a “sell” rating in a research note on Wednesday, September 6th. Finally, Goldman Sachs Group raised shares of Resolute Energy from a “neutral” rating to a “buy” rating and set a $32.00 target price on the stock in a research note on Thursday, October 19th. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and eight have given a buy rating to the company’s stock. Resolute Energy presently has a consensus rating of “Buy” and an average target price of $44.48.
In related news, Director James E. Duffy sold 1,000 shares of Resolute Energy stock in a transaction on Monday, December 11th. The shares were sold at an average price of $27.69, for a total value of $27,690.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director James E. Duffy sold 2,500 shares of Resolute Energy stock in a transaction on Wednesday, September 27th. The shares were sold at an average price of $30.44, for a total transaction of $76,100.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 8,000 shares of company stock worth $229,845. 7.30% of the stock is owned by insiders.
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About Resolute Energy
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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