Media stories about Resolute Energy Corporation (NYSE:REN) have trended somewhat positive recently, according to Accern Sentiment. Accern identifies positive and negative news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Resolute Energy Corporation earned a news sentiment score of 0.13 on Accern’s scale. Accern also gave headlines about the oil and gas exploration company an impact score of 46.3015974939208 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the headlines that may have impacted Accern Sentiment’s analysis:
- Q1 2018 Earnings Estimate for Resolute Energy Corporation (NYSE:REN) Issued By Seaport Global Securities (americanbankingnews.com)
- Q3 2017 Earnings Forecast for Resolute Energy Corporation Issued By SunTrust Banks (NYSE:REN) (americanbankingnews.com)
- Imperial Capital Weighs in on Resolute Energy Corporation’s Q3 2017 Earnings (NYSE:REN) (americanbankingnews.com)
- Resolute Energy Corporation to Post Q3 2017 Earnings of $0.49 Per Share, Capital One Financial Corporation Forecasts (NYSE:REN) (americanbankingnews.com)
- Resolute Energy: Entry Opportunity Into This Small-Cap Permian Pure Play Is Ripening (seekingalpha.com)
Resolute Energy Corporation (NYSE:REN) traded down 0.71% during midday trading on Friday, reaching $28.01. The company had a trading volume of 647,103 shares. Resolute Energy Corporation has a 1-year low of $14.00 and a 1-year high of $49.14. The firm’s 50 day moving average is $30.95 and its 200 day moving average is $38.56. The stock’s market capitalization is $617.82 million.
Resolute Energy Corporation (NYSE:REN) last issued its earnings results on Monday, August 7th. The oil and gas exploration company reported $0.47 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.25. The company had revenue of $71.06 million during the quarter, compared to analysts’ expectations of $77.09 million. During the same period last year, the business posted ($2.44) earnings per share. The company’s quarterly revenue was up 100.8% on a year-over-year basis. On average, equities analysts anticipate that Resolute Energy Corporation will post $1.00 EPS for the current fiscal year.
Several equities analysts recently weighed in on REN shares. SunTrust Banks, Inc. started coverage on Resolute Energy Corporation in a research note on Thursday, June 1st. They issued a “buy” rating and a $55.00 price target for the company. BMO Capital Markets set a $38.00 price target on Resolute Energy Corporation and gave the company a “buy” rating in a research note on Monday, June 26th. Zacks Investment Research lowered Resolute Energy Corporation from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 12th. BidaskClub upgraded Resolute Energy Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. Finally, Goldman Sachs Group, Inc. (The) started coverage on Resolute Energy Corporation in a research note on Monday, July 17th. They issued a “neutral” rating and a $34.00 price target for the company. Two analysts have rated the stock with a sell rating, three have issued a hold rating and eleven have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $43.45.
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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 transaction of $465,520.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Richard F. Betz sold 12,500 shares of the firm’s stock in a transaction that occurred on Friday, May 19th. The stock was sold at an average price of $40.96, for a total transaction of $512,000.00. The disclosure for this sale can be found here. Insiders sold 37,750 shares of company stock worth $1,532,578 over the last quarter. Company insiders own 7.30% 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).
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