Analysts Anticipate Resolute Energy Corp (REN) to Announce $0.42 EPS

Brokerages forecast that Resolute Energy Corp (NYSE:REN) will post earnings per share of $0.42 for the current quarter, according to Zacks. Five analysts have issued estimates for Resolute Energy’s earnings. The highest EPS estimate is $0.63 and the lowest is $0.21. Resolute Energy posted earnings per share of ($0.30) during the same quarter last year, which indicates a positive year over year growth rate of 240%. The company is expected to report its next earnings report on Wednesday, May 2nd.

According to Zacks, analysts expect that Resolute Energy will report full year earnings of $3.71 per share for the current financial year, with EPS estimates ranging from $2.51 to $4.46. For the next fiscal year, analysts expect that the firm will post earnings of $7.35 per share, with EPS estimates ranging from $5.95 to $8.30. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that follow Resolute Energy.

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Resolute Energy (NYSE:REN) last posted its quarterly earnings data on Monday, March 12th. The oil and gas exploration company reported $0.42 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.02. The firm had revenue of $89.23 million during the quarter, compared to the consensus estimate 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 for the quarter was up 10.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($1.23) EPS.

REN has been the subject of several analyst reports. Goldman Sachs set a $37.00 target price on shares of Resolute Energy and gave the company a “buy” rating in a research report on Wednesday, December 6th. Northland Securities set a $40.00 target price on shares of Resolute Energy and gave the company a “buy” rating in a research report on Monday, December 11th. Barclays restated a “buy” rating and issued a $36.00 target price on shares of Resolute Energy in a research report on Sunday, December 24th. ValuEngine upgraded shares of Resolute Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, January 3rd. Finally, Zacks Investment Research upgraded shares of Resolute Energy from a “hold” rating to a “strong-buy” rating and set a $42.00 target price for the company in a research report on Tuesday, January 16th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $43.22.

Shares of Resolute Energy (NYSE:REN) opened at $33.63 on Friday. The company has a quick ratio of 0.48, a current ratio of 0.48 and a debt-to-equity ratio of -7.40. The stock has a market cap of $756.81, a PE ratio of 57.00 and a beta of 3.33. Resolute Energy has a twelve month low of $23.64 and a twelve month high of $45.70.

In other news, Director James E. Duffy sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 27th. The shares were sold at an average price of $30.96, for a total value of $92,880.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 7.30% of the stock is currently owned by insiders.

A number of hedge funds have recently added to or reduced their stakes in REN. Parametric Portfolio Associates LLC increased its position in Resolute Energy by 6.7% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 7,507 shares of the oil and gas exploration company’s stock worth $223,000 after purchasing an additional 470 shares in the last quarter. Brown Advisory Inc. acquired a new position in Resolute Energy during the 3rd quarter worth approximately $233,000. Jane Street Group LLC acquired a new position in Resolute Energy during the 3rd quarter worth approximately $270,000. MetLife Investment Advisors LLC acquired a new position in Resolute Energy during the 4th quarter worth approximately $348,000. Finally, Quantbot Technologies LP increased its position in Resolute Energy by 50,603.0% during the 3rd quarter. Quantbot Technologies LP now owns 16,732 shares of the oil and gas exploration company’s stock worth $496,000 after purchasing an additional 16,699 shares in the last quarter.

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About Resolute Energy

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.

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