Resolute Energy Corporation (NYSE:REN) Director James E. Duffy sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 27th. The shares were sold at an average price of $30.96, for a total value of $92,880.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Resolute Energy Corporation (NYSE:REN) traded up $0.20 during trading on Friday, hitting $31.16. The company had a trading volume of 330,800 shares, compared to its average volume of 723,380. 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 has a 12-month low of $23.64 and a 12-month high of $49.14. The stock has a market capitalization of $696.72, a P/E ratio of -21.34 and a beta of 3.43.
Resolute Energy (NYSE:REN) last posted its earnings results on Monday, November 6th. The oil and gas exploration company reported $0.15 EPS for the quarter, missing the Zacks’ consensus estimate 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. The business’s quarterly revenue was up 72.2% compared to the same quarter last year. During the same quarter last year, the firm posted ($1.24) EPS. research analysts expect that Resolute Energy Corporation will post 0.6 EPS for the current fiscal year.
A number of analysts recently weighed in on REN shares. Barclays restated a “buy” rating and issued a $36.00 price target on shares of Resolute Energy in a research note on Sunday, December 24th. Northland Securities set a $40.00 price target on Resolute Energy and gave the company a “buy” rating in a research note on Monday, December 11th. Goldman Sachs Group set a $37.00 price target on Resolute Energy and gave the company a “buy” rating in a research note on Wednesday, December 6th. SunTrust Banks restated a “buy” rating on shares of Resolute Energy in a research note on Friday, November 10th. Finally, BMO Capital Markets set a $35.00 price target on Resolute Energy and gave the company a “hold” rating in a research note on Tuesday, October 24th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $45.29.
A number of institutional investors and hedge funds have recently bought and sold shares of REN. Vanguard Group Inc. boosted its position in Resolute Energy by 46.2% during the second quarter. Vanguard Group Inc. now owns 1,495,382 shares of the oil and gas exploration company’s stock worth $44,518,000 after purchasing an additional 472,759 shares in the last quarter. Monarch Alternative Capital LP boosted its position in Resolute Energy by 33.3% during the third quarter. Monarch Alternative Capital LP now owns 1,816,300 shares of the oil and gas exploration company’s stock worth $53,926,000 after purchasing an additional 453,251 shares in the last quarter. Franklin Resources Inc. boosted 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 in the last quarter. Westfield Capital Management Co. LP purchased a new stake in Resolute Energy during the third quarter worth $9,130,000. Finally, Westwood Holdings Group Inc. boosted its position in Resolute Energy by 77.4% during the second quarter. Westwood Holdings Group Inc. now owns 667,290 shares of the oil and gas exploration company’s stock worth $19,865,000 after purchasing an additional 291,195 shares in the last quarter. Institutional investors own 97.76% of the company’s stock.
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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