Research analysts at Seaport Global Securities assumed coverage on shares of Resolute Energy Corp. (NYSE:REN) in a research report issued to clients and investors on Wednesday. The firm set a “buy” rating and a $45.00 price target on the oil and gas exploration company’s stock. Seaport Global Securities’ price objective suggests a potential upside of 75.23% from the stock’s current price.
REN has been the topic of several other research reports. Northland Securities reiterated an “outperform” rating and set a $35.00 price objective (up previously from $12.00) on shares of Resolute Energy Corp. in a research note on Wednesday, September 7th. Wunderlich increased their price objective on shares of Resolute Energy Corp. from $15.00 to $25.00 and gave the stock a “buy” rating in a research note on Monday, August 22nd. Barclays PLC reiterated an “equal weight” rating and set a $28.00 price objective (up previously from $5.00) on shares of Resolute Energy Corp. in a research note on Friday, September 16th. Zacks Investment Research lowered shares of Resolute Energy Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, August 23rd. Finally, Johnson Rice upgraded shares of Resolute Energy Corp. from an “accumulate” rating to a “buy” rating in a research note on Monday, July 11th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Resolute Energy Corp. presently has a consensus rating of “Buy” and an average target price of $32.33.
Resolute Energy Corp. (NYSE:REN) opened at 25.68 on Wednesday. Resolute Energy Corp. has a 12 month low of $2.25 and a 12 month high of $26.50. The company has a 50-day moving average price of $21.24 and a 200 day moving average price of $8.62. The firm’s market cap is $392.01 million.
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 had revenue of $35.40 million for the quarter, compared to analysts’ expectations of $51.82 million. The firm’s revenue for the quarter was down 26.9% compared to the same quarter last year. During the same quarter last year, the business posted ($3.46) EPS. Equities research analysts anticipate that Resolute Energy Corp. will post $1.04 EPS for the current year.
An institutional investor recently bought a new position in Resolute Energy Corp. stock. JPMorgan Chase & Co. purchased a new stake in shares of Resolute Energy Corp. (NYSE:REN) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 565,882 shares of the oil and gas exploration company’s stock, valued at approximately $1,681,000. JPMorgan Chase & Co. owned approximately 3.72% of Resolute Energy Corp. as of its most recent filing with the SEC. Hedge funds and other institutional investors own 39.98% of the company’s stock.
Resolute Energy Corp. Company Profile
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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