Resolute Energy Corporation (REN) Receiving Somewhat Positive News Coverage, Study Shows

Media stories about Resolute Energy Corporation (NYSE:REN) have been trending somewhat positive recently, Accern Sentiment Analysis reports. The research firm identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Resolute Energy Corporation earned a media sentiment score of 0.13 on Accern’s scale. Accern also assigned press coverage about the oil and gas exploration company an impact score of 46.3015974939208 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

Here are some of the news stories that may have impacted Accern Sentiment’s analysis:

Shares of Resolute Energy Corporation (NYSE REN) traded up 4.41% during mid-day trading on Friday, reaching $27.92. 720,496 shares of the company traded hands. The company’s 50 day moving average is $30.69 and its 200 day moving average is $37.88. The stock’s market capitalization is $615.83 million. Resolute Energy Corporation has a 52-week low of $15.70 and a 52-week high of $49.14.

Resolute Energy Corporation (NYSE:REN) last announced its earnings results on Monday, August 7th. The oil and gas exploration company reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.25. The business had revenue of $71.06 million for the quarter, compared to the consensus estimate of $77.09 million. During the same quarter in the previous year, the company earned ($2.44) EPS. Resolute Energy Corporation’s revenue for the quarter was up 100.8% compared to the same quarter last year. On average, equities analysts forecast that Resolute Energy Corporation will post $0.71 earnings per share for the current year.

Several equities research analysts recently commented on the stock. BMO Capital Markets set a $35.00 price target on shares of Resolute Energy Corporation and gave the stock a “buy” rating in a report on Wednesday. Zacks Investment Research raised shares of Resolute Energy Corporation from a “strong sell” rating to a “hold” rating in a research note on Saturday, August 12th. BidaskClub cut shares of Resolute Energy Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, August 8th. Imperial Capital started coverage on shares of Resolute Energy Corporation in a research note on Tuesday, July 18th. They set an “outperform” rating and a $40.00 target price on the stock. Finally, Northland Securities set a $60.00 target price on shares of Resolute Energy Corporation and gave the stock a “buy” rating in a research note on Monday, July 17th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $43.45.

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In other Resolute Energy Corporation news, Director James E. Duffy sold 1,250 shares of the company’s stock in a transaction that occurred on Monday, June 26th. The stock was sold at an average price of $29.91, for a total value of $37,387.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James E. Duffy sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 20th. The shares were sold at an average price of $30.69, for a total value of $92,070.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 25,250 shares of company stock valued at $1,020,578. Insiders own 7.30% of the company’s stock.

About Resolute Energy Corporation

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).

Insider Buying and Selling by Quarter for Resolute Energy Corporation (NYSE:REN)

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