Fmr LLC Purchases Shares of 813,430 Resolute Energy Corp (REN)

FMR LLC acquired a new stake in shares of Resolute Energy Corp (NYSE:REN) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund acquired 813,430 shares of the oil and gas exploration company’s stock, valued at approximately $33,505,000. FMR LLC owned approximately 5.32% of Resolute Energy Corp as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of REN. Acadian Asset Management LLC acquired a new position in shares of Resolute Energy Corp during the third quarter worth approximately $112,000. Parkwood LLC purchased a new stake in shares of Resolute Energy Corp during the third quarter worth about $1,078,000. New York State Common Retirement Fund purchased a new stake in shares of Resolute Energy Corp during the third quarter worth about $2,807,000. Spark Investment Management LLC raised its stake in shares of Resolute Energy Corp by 156.6% in the third quarter. Spark Investment Management LLC now owns 215,300 shares of the oil and gas exploration company’s stock worth $5,610,000 after buying an additional 131,400 shares during the period. Finally, Acrospire Investment Management LLC raised its stake in shares of Resolute Energy Corp by 125.0% in the third quarter. Acrospire Investment Management LLC now owns 4,500 shares of the oil and gas exploration company’s stock worth $117,000 after buying an additional 2,500 shares during the period. Hedge funds and other institutional investors own 46.06% of the company’s stock.

Resolute Energy Corp (NYSE:REN) traded down 1.13% on Friday, hitting $38.38. 795,514 shares of the stock traded hands. Resolute Energy Corp has a 12 month low of $2.55 and a 12 month high of $49.14. The firm has a 50-day moving average price of $40.63 and a 200-day moving average price of $38.02. The company’s market capitalization is $835.95 million.

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A number of equities research analysts have issued reports on REN shares. BMO Capital Markets assumed coverage on shares of Resolute Energy Corp in a report on Monday, January 9th. They issued an “outperform” rating and a $50.00 price target on the stock. Zacks Investment Research raised shares of Resolute Energy Corp from a “hold” rating to a “buy” rating and set a $48.00 target price on the stock in a research note on Wednesday, January 18th. Finally, Barclays PLC cut their target price on shares of Resolute Energy Corp to $32.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 24th. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $42.58.

About Resolute Energy Corp

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).