Resolute Energy Corporation (NYSE:REN) had its price target decreased by BMO Capital Markets from $38.00 to $35.00 in a report issued on Friday. BMO Capital Markets currently has an outperform rating on the oil and gas exploration company’s stock.
A number of other brokerages have also recently weighed in on REN. SunTrust Banks, Inc. began coverage on shares of Resolute Energy Corporation in a report on Thursday, June 1st. They set a buy rating and a $55.00 target price for the company. BidaskClub upgraded shares of Resolute Energy Corporation from a sell rating to a hold rating in a report on Wednesday, July 12th. Finally, Zacks Investment Research cut shares of Resolute Energy Corporation from a hold rating to a strong sell rating in a report on Wednesday, July 12th. One analyst has rated the stock with a sell rating, four have given a hold rating and ten have assigned a buy rating to the stock. The company currently has a consensus rating of Buy and an average price target of $43.73.
Resolute Energy Corporation (REN) traded down 3.85% during mid-day trading on Friday, reaching $31.44. The company’s stock had a trading volume of 695,981 shares. Resolute Energy Corporation has a 1-year low of $5.72 and a 1-year high of $49.14. The stock’s market capitalization is $692.87 million. The stock’s 50 day moving average price is $36.74 and its 200 day moving average price is $40.58.
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In related news, Director William Kemper White sold 11,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 23rd. The shares were sold at an average price of $42.32, for a total value of $465,520.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Bob D. Brady, Jr. sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, May 22nd. The stock was sold at an average price of $42.56, for a total transaction of $425,600.00. The disclosure for this sale can be found here. Insiders sold a total of 37,750 shares of company stock valued at $1,532,578 in the last ninety days. Company insiders own 7.70% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. Wells Fargo & Company MN raised its position in 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 worth $124,000 after buying an additional 79 shares in the last quarter. Bank of America Corp DE raised its position in 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 worth $194,000 after buying an additional 4,269 shares in the last quarter. Tudor Investment Corp Et Al purchased a new position in Resolute Energy Corporation during the fourth quarter worth approximately $206,000. UBS Asset Management Americas Inc. purchased a new position in Resolute Energy Corporation during the first quarter worth approximately $218,000. Finally, Tudor Investment Corp ET AL raised its position in 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 worth $264,000 after buying an additional 1,539 shares in the last quarter. 86.22% of the stock is owned by hedge funds and other institutional investors.
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).
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