Wunderlich reaffirmed their buy rating on shares of Resolute Energy Corp. (NYSE:REN) in a research report sent to investors on Thursday. They currently have a $40.00 price target on the oil and gas exploration company’s stock, up from their prior price target of $25.00.
REN has been the subject of a number of 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. 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 Resolute Energy Corp. from a buy rating to a hold rating in a research note on Tuesday, August 23rd. Johnson Rice upgraded Resolute Energy Corp. from an accumulate rating to a buy rating in a research note on Monday, July 11th. Finally, Seaport Global Securities initiated coverage on Resolute Energy Corp. in a research note on Wednesday, October 5th. They set a buy rating and a $45.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Resolute Energy Corp. presently has a consensus rating of Buy and a consensus target price of $34.43.
Shares of Resolute Energy Corp. (NYSE:REN) opened at 29.18 on Thursday. The company has a 50 day moving average price of $22.85 and a 200-day moving average price of $9.55. The stock’s market capitalization is $445.43 million. Resolute Energy Corp. has a 52-week low of $2.25 and a 52-week high of $31.05.
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 Zacks’ consensus estimate of ($0.03) by $2.41. The business earned $35.40 million during the quarter, compared to analyst estimates of $51.82 million. The business’s revenue was down 26.9% on a year-over-year basis. During the same period in the prior year, the firm earned ($3.46) EPS. On average, analysts predict that Resolute Energy Corp. will post $0.72 earnings per share for the current fiscal year.
An institutional investor recently bought a new position in Resolute Energy Corp. stock. JPMorgan Chase & Co. acquired a new stake in Resolute Energy Corp. (NYSE:REN) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 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 quarter. 39.98% of the stock is owned by institutional investors and hedge funds.
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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