Resolute Energy Corp. (NYSE:REN)‘s stock had its “buy” rating reissued by equities research analysts at Wunderlich in a research report issued on Thursday. They presently have a $40.00 target price on the oil and gas exploration company’s stock, up from their previous target price of $25.00. Wunderlich’s price target would indicate a potential upside of 35.55% from the company’s previous close.
A number of other analysts have also recently commented on the company. HC Wainwright assumed coverage on Resolute Energy Corp. in a research note on Wednesday, October 5th. They issued a “buy” rating and a $32.00 price target for the company. Seaport Global Securities assumed coverage on Resolute Energy Corp. in a research note on Wednesday, October 5th. They issued a “buy” rating and a $45.00 price target for the company. Rodman & Renshaw assumed coverage on Resolute Energy Corp. in a research note on Wednesday, October 5th. They issued a “buy” rating and a $32.00 price target for the company. Zacks Investment Research raised Resolute Energy Corp. from a “hold” rating to a “buy” rating and set a $29.00 price target for the company in a research note on Tuesday, October 4th. Finally, Barclays PLC reaffirmed an “equal weight” rating and issued a $28.00 price target (up from $5.00) on shares of Resolute Energy Corp. in a research note on Friday, September 16th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Resolute Energy Corp. currently has a consensus rating of “Buy” and a consensus target price of $34.43.
Resolute Energy Corp. (NYSE:REN) opened at 29.51 on Thursday. The company’s market cap is $450.47 million. Resolute Energy Corp. has a 52-week low of $2.25 and a 52-week high of $31.05. The stock has a 50 day moving average of $22.26 and a 200-day moving average of $9.12.
Resolute Energy Corp. (NYSE:REN) last announced its quarterly earnings results on Monday, August 8th. The oil and gas exploration company reported ($2.44) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by $2.41. The firm earned $35.40 million during the quarter, compared to the consensus estimate of $51.82 million. Resolute Energy Corp.’s revenue was down 26.9% compared to the same quarter last year. During the same period in the previous year, the business posted ($3.46) earnings per share. On average, analysts forecast that Resolute Energy Corp. will post $0.72 EPS for the current year.
A hedge fund recently bought a new stake in Resolute Energy Corp. stock. JPMorgan Chase & Co. bought a new position in Resolute Energy Corp. (NYSE:REN) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 565,882 shares of the oil and gas exploration company’s stock, valued at approximately $1,681,000. JPMorgan Chase & Co. owned 3.72% of Resolute Energy Corp. at the end of the most recent reporting period. 39.98% of the stock is 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).
Receive News & Ratings for Resolute Energy Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Resolute Energy Corp. and related companies with MarketBeat.com's FREE daily email newsletter.