Resolute Energy Corporation (REN) Holdings Cut by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. cut its holdings in Resolute Energy Corporation (NYSE:REN) by 9.6% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,909 shares of the oil and gas exploration company’s stock after selling 731 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Resolute Energy Corporation were worth $206,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Wells Fargo & Company MN lifted its stake in 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 valued at $124,000 after buying an additional 79 shares during the period. Parametric Portfolio Associates LLC lifted its stake in Resolute Energy Corporation by 6.7% in the second quarter. Parametric Portfolio Associates LLC now owns 7,507 shares of the oil and gas exploration company’s stock valued at $223,000 after buying an additional 470 shares during the period. Tudor Investment Corp ET AL lifted its stake in Resolute Energy Corporation by 30.8% in the first quarter. Tudor Investment Corp ET AL now owns 6,539 shares of the oil and gas exploration company’s stock valued at $264,000 after buying an additional 1,539 shares during the period. California Public Employees Retirement System lifted its stake in Resolute Energy Corporation by 17.5% in the first quarter. California Public Employees Retirement System now owns 14,800 shares of the oil and gas exploration company’s stock valued at $598,000 after buying an additional 2,200 shares during the period. Finally, UBS Asset Management Americas Inc. lifted its stake in Resolute Energy Corporation by 63.0% in the second quarter. UBS Asset Management Americas Inc. now owns 8,800 shares of the oil and gas exploration company’s stock valued at $262,000 after buying an additional 3,400 shares during the period. 93.45% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Resolute Energy Corporation (NYSE REN) opened at $30.75 on Tuesday. Resolute Energy Corporation has a 1-year low of $23.64 and a 1-year high of $49.14. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of -8.75.

Resolute Energy Corporation (NYSE:REN) last announced its quarterly earnings results on Monday, November 6th. The oil and gas exploration company reported $0.15 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by ($0.21). The company had revenue of $81.60 million during the quarter, compared to analyst estimates of $86.76 million. During the same period in the prior year, the business earned ($1.24) EPS. The company’s quarterly revenue was up 72.2% compared to the same quarter last year. equities research analysts predict that Resolute Energy Corporation will post 0.61 earnings per share for the current fiscal year.

Several research firms have recently commented on REN. Goldman Sachs Group, Inc. (The) began coverage on Resolute Energy Corporation in a report on Monday, July 17th. They set a “neutral” rating and a $34.00 price objective for the company. SunTrust Banks, Inc. restated a “buy” rating on shares of Resolute Energy Corporation in a report on Friday. Imperial Capital began coverage on Resolute Energy Corporation in a report on Tuesday, July 18th. They set an “outperform” rating and a $40.00 price objective for the company. Northland Securities set a $60.00 price objective on Resolute Energy Corporation and gave the company a “buy” rating in a report on Monday, July 17th. Finally, BMO Capital Markets downgraded Resolute Energy Corporation from an “outperform” rating to a “market perform” rating and set a $35.00 price objective for the company. in a report on Monday, September 18th. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $48.23.

ILLEGAL ACTIVITY NOTICE: This story was first published by Transcript Daily and is owned by of Transcript Daily. If you are reading this story on another website, it was stolen and reposted in violation of US and international copyright and trademark legislation. The legal version of this story can be read at https://transcriptdaily.com/2017/11/14/resolute-energy-corporation-ren-holdings-cut-by-raymond-james-financial-services-advisors-inc.html.

In related news, Director James E. Duffy sold 2,500 shares of the company’s stock in a transaction on Wednesday, September 27th. The stock was sold at an average price of $30.44, for a total transaction of $76,100.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 7.30% of the company’s stock.

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).

Want to see what other hedge funds are holding REN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Resolute Energy Corporation (NYSE:REN).

Institutional Ownership by Quarter for Resolute Energy Corporation (NYSE:REN)

Receive News & Ratings for Resolute Energy Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Resolute Energy Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply