Wall Street brokerages predict that Resolute Energy Corporation (NYSE:REN) will announce $0.46 earnings per share for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Resolute Energy’s earnings, with estimates ranging from $0.29 to $0.61. Resolute Energy reported earnings of ($0.78) per share in the same quarter last year, which indicates a positive year over year growth rate of 159%. The company is scheduled to report its next quarterly earnings report on Monday, March 12th.
According to Zacks, analysts expect that Resolute Energy will report full year earnings of $0.60 per share for the current year, with EPS estimates ranging from $0.33 to $0.87. For the next year, analysts expect that the company will report earnings of $2.97 per share, with EPS estimates ranging from $1.95 to $3.81. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that cover Resolute Energy.
Resolute Energy (NYSE:REN) last announced its earnings results on Monday, November 6th. The oil and gas exploration company reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.21). The business had revenue of $81.60 million during 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.
REN has been the topic of a number of recent research reports. BidaskClub lowered Resolute Energy from a “hold” rating to a “sell” rating in a research report on Tuesday, August 8th. Zacks Investment Research upgraded shares of Resolute Energy from a “strong sell” rating to a “hold” rating in a research note on Saturday, August 12th. BMO Capital Markets set a $35.00 target price on shares of Resolute Energy and gave the stock a “buy” rating in a research note on Wednesday, August 16th. ValuEngine downgraded shares of Resolute Energy from a “hold” rating to a “sell” rating in a research note on Wednesday, September 6th. Finally, KLR Group reaffirmed a “buy” rating and issued a $64.00 target price (up from $60.00) on shares of Resolute Energy in a report on Friday, September 15th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $45.10.
Resolute Energy (NYSE:REN) traded down $0.54 during trading on Thursday, hitting $28.46. The stock had a trading volume of 216,379 shares, compared to its average volume of 760,348. Resolute Energy has a 1-year low of $23.64 and a 1-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.
In other news, Director James E. Duffy sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $27.99, for a total transaction of $69,975.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 7.30% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in REN. Wells Fargo & Company MN boosted 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 acquiring an additional 79 shares during the last quarter. Northpointe Capital LLC acquired a new stake in Resolute Energy during the second quarter worth approximately $152,000. Legal & General Group Plc acquired a new stake in Resolute Energy during the second quarter worth approximately $168,000. Bank of America Corp DE boosted its position in Resolute Energy by 799.4% during 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 during the last quarter. Finally, UBS Asset Management Americas Inc. acquired a new position in shares of Resolute Energy in the 1st quarter valued at $218,000. Hedge funds and other institutional investors own 91.26% of the company’s stock.
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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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