Resolute Energy Corp. (NYSE:REN) – Analysts at Capital One Financial Corp. decreased their Q3 2016 earnings per share (EPS) estimates for shares of Resolute Energy Corp. in a report issued on Friday. Capital One Financial Corp. analyst R. Tullis now anticipates that the firm will earn $0.32 per share for the quarter, down from their previous estimate of $0.33.
Other research analysts also recently issued reports about the stock. Wunderlich upped their target price on shares of Resolute Energy Corp. from $15.00 to $25.00 and gave the company a “buy” rating in a research note on Monday, August 22nd. Zacks Investment Research upgraded shares of Resolute Energy Corp. from a “hold” rating to a “buy” rating and set a $19.00 price objective on the stock in a research note on Tuesday, August 16th. Johnson Rice upgraded shares of Resolute Energy Corp. from an “accumulate” rating to a “buy” rating in a research note on Monday, July 11th. Barclays PLC reiterated an “equal weight” rating and set a $28.00 price objective (up from $5.00) on shares of Resolute Energy Corp. in a research note on Friday, September 16th. Finally, Northland Securities reiterated an “outperform” rating and set a $35.00 price objective (up from $12.00) on shares of Resolute Energy Corp. in a research note on Wednesday, September 7th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $26.75.
Shares of Resolute Energy Corp. (NYSE:REN) opened at 22.02 on Monday. The stock has a 50 day moving average of $18.76 and a 200 day moving average of $7.49. Resolute Energy Corp. has a one year low of $1.75 and a one year high of $25.48. The stock’s market cap is $336.14 million.
Resolute Energy Corp. (NYSE:REN) last issued its earnings results on Monday, August 8th. The oil and gas exploration company reported ($2.44) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.03) by $2.41. The firm earned $35.40 million during the quarter, compared to analysts’ expectations of $51.82 million. Resolute Energy Corp. had a negative net margin of 332.86% and a negative return on equity of 264.76%. The firm’s revenue was down 26.9% on a year-over-year basis. During the same period in the previous year, the firm earned ($3.46) EPS.
A hedge fund recently raised its stake in Resolute Energy Corp. stock. Spark Investment Management LLC raised its position in Resolute Energy Corp. (NYSE:REN) by 666.3% during the first quarter, according to its most recent 13F filing with the SEC. The firm 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 reporting period. Institutional investors own 39.98% of the company’s stock.
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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