Resolute Energy Corp. (NYSE:REN) – Analysts at Capital One Financial Corp. decreased their Q3 2016 EPS estimates for Resolute Energy Corp. in a research note issued to investors on Wednesday. Capital One Financial Corp. analyst R. Tullis now anticipates that the brokerage will earn $0.24 per share for the quarter, down from their previous forecast of $0.32.
Resolute Energy Corp. (NYSE:REN) last released its quarterly earnings data on Monday, August 8th. The oil and gas exploration company reported ($2.44) earnings per share for the quarter, missing the consensus estimate of ($0.03) by $2.41. The company earned $35.40 million during the quarter, compared to analyst estimates of $51.82 million. The firm’s quarterly revenue was down 26.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($3.46) earnings per share.
A number of other brokerages have also weighed in on REN. Wunderlich restated a “buy” rating and issued a $40.00 target price (up from $25.00) on shares of Resolute Energy Corp. in a research note on Thursday. Zacks Investment Research upgraded Resolute Energy Corp. from a “hold” rating to a “buy” rating and set a $29.00 price objective on the stock in a research report on Tuesday. Rodman & Renshaw assumed coverage on Resolute Energy Corp. in a research report on Wednesday. They set a “buy” rating and a $32.00 price objective on the stock. Seaport Global Securities assumed coverage on Resolute Energy Corp. in a research report on Wednesday. They set a “buy” rating and a $45.00 price objective on the stock. Finally, HC Wainwright assumed coverage on Resolute Energy Corp. in a research report on Wednesday. They set a “buy” rating and a $32.00 price objective on the stock. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $34.43.
Shares of Resolute Energy Corp. (NYSE:REN) traded down 0.52% during mid-day trading on Thursday, hitting $30.54. The stock had a trading volume of 1,146,538 shares. Resolute Energy Corp. has a 12 month low of $2.25 and a 12 month high of $31.05. The stock’s market cap is $466.19 million. The firm has a 50 day moving average price of $21.60 and a 200-day moving average price of $8.78.
A hedge fund recently raised its stake in Resolute Energy Corp. stock. Spark Investment Management LLC increased its stake in shares of Resolute Energy Corp. (NYSE:REN) by 666.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 500,100 shares of the oil and gas exploration company’s stock after buying an additional 434,842 shares during the period. Spark Investment Management LLC owned approximately 0.66% of Resolute Energy Corp. worth $255,000 at the end of the most recent quarter. 39.98% of the stock is currently owned by institutional investors.
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. Its properties are Aneth Field located in the Paradox Basin in southeast Utah (the Aneth Field Properties or Aneth Field), and the Permian Basin in Texas and southeast New Mexico (the Permian Properties or Permian Basin Properties).
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