Analysts Set Resolute Energy Corp (REN) Price Target at $43.75

Shares of Resolute Energy Corp (NYSE:REN) have earned a consensus recommendation of “Hold” from the eleven analysts that are presently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and six have given a buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $43.75.

REN has been the topic of a number of recent research reports. Northland Securities set a $45.00 price objective on shares of Resolute Energy and gave the stock a “buy” rating in a report on Wednesday, March 14th. SunTrust Banks set a $44.00 price objective on shares of Resolute Energy and gave the stock a “buy” rating in a report on Wednesday, March 14th. Barclays restated a “buy” rating and issued a $36.00 price objective on shares of Resolute Energy in a report on Sunday, December 24th. Goldman Sachs set a $37.00 price objective on shares of Resolute Energy and gave the stock a “buy” rating in a report on Wednesday, December 6th. Finally, ValuEngine upgraded shares of Resolute Energy from a “sell” rating to a “hold” rating in a report on Wednesday, January 3rd.

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In other news, Director James E. Duffy sold 3,000 shares of the stock in a transaction that occurred on Wednesday, December 27th. The shares were sold at an average price of $30.96, for a total transaction of $92,880.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 7.30% of the company’s stock.

Large investors have recently bought and sold shares of the company. Schwab Charles Investment Management Inc. grew its holdings in shares of Resolute Energy by 92.8% during the third quarter. Schwab Charles Investment Management Inc. now owns 88,636 shares of the oil and gas exploration company’s stock valued at $2,632,000 after buying an additional 42,656 shares during the last quarter. Monarch Alternative Capital LP grew its holdings 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 last quarter. JPMorgan Chase & Co. grew its holdings in shares of Resolute Energy by 4.6% during the third quarter. JPMorgan Chase & Co. now owns 234,495 shares of the oil and gas exploration company’s stock valued at $7,152,000 after buying an additional 10,283 shares during the last quarter. Dumac Inc. purchased a new stake in shares of Resolute Energy during the fourth quarter valued at approximately $4,639,000. Finally, California State Teachers Retirement System purchased a new stake in shares of Resolute Energy during the second quarter valued at approximately $1,146,000.

Shares of REN stock traded up $0.15 on Wednesday, reaching $33.63. 431,588 shares of the company’s stock were exchanged, compared to its average volume of 582,321. The stock has a market capitalization of $753.43, a PE ratio of -82.02 and a beta of 3.33. The company has a current ratio of 0.48, a quick ratio of 0.48 and a debt-to-equity ratio of -7.40. Resolute Energy has a twelve month low of $23.64 and a twelve month high of $45.70.

Resolute Energy (NYSE:REN) last announced its quarterly earnings data on Monday, March 12th. The oil and gas exploration company reported $0.42 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.02. The business had revenue of $89.23 million for the quarter, compared to analysts’ expectations of $87.71 million. Resolute Energy had a negative net margin of 1.23% and a negative return on equity of 25.97%. The business’s revenue was up 10.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($1.23) earnings per share. sell-side analysts forecast that Resolute Energy will post 3.71 EPS for the current fiscal year.

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Resolute Energy Company Profile

Resolute Energy Corporation, an independent oil and gas company, engages in the acquisition, exploitation, exploration for, and development of oil and gas properties in the United States. Its principal project area is located in the Delaware Basin portion of the Permian Basin, Reeves County. As of December 31, 2017, it had interests in approximately 27,100 gross acres located in the Permian Basin of Texas; and its estimated net proved reserves were approximately 53.4 million barrels of oil equivalent.

Analyst Recommendations for Resolute Energy (NYSE:REN)

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