Resolute Energy Corp (NYSE:REN) – Equities researchers at Seaport Global Securities lifted their Q4 2017 earnings estimates for Resolute Energy in a research note issued to investors on Tuesday. Seaport Global Securities analyst M. Kelly now expects that the oil and gas exploration company will post earnings of $0.80 per share for the quarter, up from their prior estimate of $0.78.
A number of other analysts also recently weighed in on REN. Zacks Investment Research downgraded Resolute Energy from a “strong-buy” rating to a “sell” rating in a research report on Wednesday, February 21st. ValuEngine downgraded Resolute Energy from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd. B. Riley initiated coverage on Resolute Energy in a research report on Monday, February 5th. They issued a “neutral” rating and a $39.00 price objective for the company. Northland Securities set a $40.00 price objective on Resolute Energy and gave the company a “buy” rating in a research report on Monday, December 11th. Finally, Barclays reiterated a “buy” rating and issued a $36.00 price objective on shares of Resolute Energy in a research report on Sunday, December 24th. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $43.89.
In other Resolute Energy news, Director James E. Duffy sold 1,500 shares of the business’s stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $26.64, for a total value of $39,960.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James E. Duffy sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $27.69, for a total value of $27,690.00. The disclosure for this sale can be found here. Insiders sold 17,499 shares of company stock valued at $489,483 in the last quarter. Corporate insiders own 7.30% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Monarch Alternative Capital LP increased its stake in shares of Resolute Energy by 33.3% during the third quarter. Monarch Alternative Capital LP now owns 1,816,300 shares of the oil and gas exploration company’s stock valued at $53,926,000 after buying an additional 453,251 shares during the period. Vanguard Group Inc. increased its stake in shares of Resolute Energy by 46.2% during the second quarter. Vanguard Group Inc. now owns 1,495,382 shares of the oil and gas exploration company’s stock valued at $44,518,000 after buying an additional 472,759 shares during the period. BlackRock Inc. increased its stake in shares of Resolute Energy by 2.2% during the fourth quarter. BlackRock Inc. now owns 1,399,693 shares of the oil and gas exploration company’s stock valued at $44,049,000 after buying an additional 30,337 shares during the period. State Street Corp increased its stake in shares of Resolute Energy by 8.0% during the second quarter. State Street Corp now owns 1,088,191 shares of the oil and gas exploration company’s stock valued at $32,396,000 after buying an additional 80,369 shares during the period. Finally, Lion Point Capital LP purchased a new position in shares of Resolute Energy during the fourth quarter valued at approximately $30,683,000.
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Resolute Energy 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).
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