Resolute Energy Corp. (NYSE:REN) was downgraded by equities researchers at Vetr from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Monday. They currently have a $36.33 price target on the oil and gas exploration company’s stock. Vetr‘s price target would suggest a potential upside of 15.48% from the stock’s current price.
A number of other research firms also recently weighed in on REN. HC Wainwright started coverage on shares of Resolute Energy Corp. in a report on Wednesday, October 5th. They set a “buy” rating and a $32.00 price target on the stock. Wunderlich raised their price target on shares of Resolute Energy Corp. from $8.00 to $15.00 and gave the company a “buy” rating in a report on Wednesday, August 10th. Zacks Investment Research downgraded shares of Resolute Energy Corp. from a “buy” rating to a “hold” rating in a report on Friday, July 15th. Seaport Global Securities started coverage on shares of Resolute Energy Corp. in a report on Wednesday, October 5th. They set a “buy” rating and a $45.00 price target on the stock. Finally, Northland Securities upgraded shares of Resolute Energy Corp. from a “market perform” rating to an “outperform” rating in a report on Monday, July 11th. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Resolute Energy Corp. currently has a consensus rating of “Buy” and an average price target of $34.67.
Resolute Energy Corp. (NYSE:REN) opened at 31.46 on Monday. The stock’s 50 day moving average is $24.87 and its 200 day moving average is $10.57. Resolute Energy Corp. has a 12 month low of $2.25 and a 12 month high of $33.84. The company’s market cap is $480.24 million.
Resolute Energy Corp. (NYSE:REN) last released its quarterly earnings results on Monday, August 8th. The oil and gas exploration company reported ($2.44) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by $2.41. The firm had revenue of $35.40 million for the quarter, compared to analyst estimates of $51.82 million. The company’s quarterly revenue was down 26.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($3.46) EPS. Equities analysts predict that Resolute Energy Corp. will post $0.72 earnings per share for the current year.
A hedge fund recently raised its stake in Resolute Energy Corp. stock. Spark Investment Management LLC boosted its stake in Resolute Energy Corp. (NYSE:REN) by 666.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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. 40.00% of the stock is owned by hedge funds and other 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).
To view Vetr’s full report, visit Vetr’s official website.
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