Resolute Energy Corporation (NYSE:REN) Lifted to Hold at BidaskClub

BidaskClub upgraded shares of Resolute Energy Corporation (NYSE:REN) from a sell rating to a hold rating in a report published on Wednesday morning.

REN has been the subject of a number of other research reports. KLR Group restated a buy rating and set a $54.00 price objective on shares of Resolute Energy Corporation in a report on Wednesday, March 15th. BMO Capital Markets set a $38.00 price objective on Resolute Energy Corporation and gave the stock a buy rating in a report on Monday, June 26th. Zacks Investment Research cut Resolute Energy Corporation from a hold rating to a strong sell rating in a report on Wednesday, July 12th. SunTrust Banks, Inc. began coverage on Resolute Energy Corporation in a report on Thursday, June 1st. They set a buy rating and a $55.00 price objective for the company. Finally, Barclays PLC boosted their price objective on Resolute Energy Corporation to $52.00 and gave the stock an equal weight rating in a report on Wednesday, March 15th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and ten have issued a buy rating to the stock. The stock has an average rating of Buy and an average target price of $41.65.

Resolute Energy Corporation (NYSE REN) traded down 4.62% during trading on Wednesday, reaching $31.19. The company’s stock had a trading volume of 584,514 shares. Resolute Energy Corporation has a 52-week low of $5.72 and a 52-week high of $49.14. The stock’s market cap is $687.37 million. The firm’s 50-day moving average is $36.74 and its 200-day moving average is $40.58.

WARNING: “Resolute Energy Corporation (NYSE:REN) Lifted to Hold at BidaskClub” was posted by Ticker Report and is owned by of Ticker Report. If you are accessing this article on another domain, it was illegally copied and republished in violation of international trademark & copyright law. The legal version of this article can be accessed at https://www.tickerreport.com/banking-finance/2723132/resolute-energy-corporation-nyseren-lifted-to-hold-at-bidaskclub.html.

In related news, Director James E. Duffy sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 20th. The stock was sold at an average price of $30.69, for a total value of $92,070.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Bob D. Brady, Jr. sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, May 22nd. The shares were sold at an average price of $42.56, for a total value of $425,600.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 37,750 shares of company stock valued at $1,532,578. 7.70% of the stock is currently owned by corporate insiders.

Large investors have recently modified their holdings of the stock. Wells Fargo & Company MN increased its position in shares of Resolute Energy Corporation by 2.6% in the first quarter. Wells Fargo & Company MN now owns 3,079 shares of the oil and gas exploration company’s stock valued at $124,000 after buying an additional 79 shares in the last quarter. Tudor Investment Corp ET AL increased its position in shares of Resolute Energy Corporation by 30.8% in the first quarter. Tudor Investment Corp ET AL now owns 6,539 shares of the oil and gas exploration company’s stock valued at $264,000 after buying an additional 1,539 shares in the last quarter. California Public Employees Retirement System increased its position in shares of Resolute Energy Corporation by 17.5% in the first quarter. California Public Employees Retirement System now owns 14,800 shares of the oil and gas exploration company’s stock valued at $598,000 after buying an additional 2,200 shares in the last quarter. Bank of America Corp DE increased its position in shares of Resolute Energy Corporation by 799.4% in the first quarter. Bank of America Corp DE now owns 4,803 shares of the oil and gas exploration company’s stock valued at $194,000 after buying an additional 4,269 shares in the last quarter. Finally, Tudor Investment Corp Et Al purchased a new position in shares of Resolute Energy Corporation during the fourth quarter valued at approximately $206,000. Institutional investors and hedge funds own 86.22% of the company’s stock.

Resolute Energy Corporation 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. The Company’s assets are located primarily in the Delaware Basin in west Texas (the Permian Properties or Permian Basin Properties) and Aneth Field located in the Paradox Basin in southeast Utah (the Aneth Field Properties or Aneth Field).

Analyst Recommendations for Resolute Energy Corporation (NYSE:REN)

Receive News & Ratings for Resolute Energy Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Resolute Energy Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
Shares at Radius Jump as Bone Drug of Amgen Has Setback
Shares at Radius Jump as Bone Drug of Amgen Has Setback


Leave a Reply

© 2006-2017 Ticker Report. Google+.