Investors Buy High Volume of Call Options on Resolute Energy Corporation (REN)

Resolute Energy Corporation (NYSE:REN) was the recipient of some unusual options trading activity on Wednesday. Stock traders bought 5,552 call options on the company. This represents an increase of Infinity compared to the average daily volume of 0 call options.

Resolute Energy Corporation (NYSE:REN) opened at $30.36 on Friday. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of -8.40.

Resolute Energy Corporation (NYSE:REN) last posted its quarterly earnings data on Monday, August 7th. The oil and gas exploration company reported $0.47 earnings per share 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 analyst estimates of $77.09 million. The business’s revenue for the quarter was up 100.8% on a year-over-year basis. During the same quarter in the previous year, the company earned ($2.44) earnings per share. research analysts expect that Resolute Energy Corporation will post 0.31 earnings per share for the current year.

A number of analysts have recently issued reports on the stock. BMO Capital Markets set a $35.00 price objective on shares of Resolute Energy Corporation and gave the stock a “hold” rating in a report on Tuesday, October 24th. 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 raised shares of Resolute Energy Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. Northland Securities set a $60.00 price target on shares of Resolute Energy Corporation and gave the stock a “buy” rating in a research note on Monday, July 17th. Finally, Imperial Capital started coverage on shares of Resolute Energy Corporation in a research note on Tuesday, July 18th. They issued an “outperform” rating and a $40.00 price target for the company. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $48.23.

In other news, Director James E. Duffy sold 2,500 shares of the business’s stock in a transaction on Wednesday, September 27th. The shares were sold at an average price of $30.44, for a total transaction of $76,100.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 7.30% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of REN. Vanguard Group Inc. increased its holdings in Resolute Energy Corporation by 46.2% in the second quarter. Vanguard Group Inc. now owns 1,495,382 shares of the oil and gas exploration company’s stock valued at $44,518,000 after purchasing an additional 472,759 shares during the period. Franklin Resources Inc. increased its holdings in Resolute Energy Corporation by 32.0% in the second quarter. Franklin Resources Inc. now owns 1,719,287 shares of the oil and gas exploration company’s stock valued at $51,182,000 after purchasing an additional 416,802 shares during the period. Caymus Capital Partners L.P. increased its holdings in Resolute Energy Corporation by 82.2% in the second quarter. Caymus Capital Partners L.P. now owns 746,900 shares of the oil and gas exploration company’s stock valued at $22,235,000 after purchasing an additional 336,900 shares during the period. Westwood Holdings Group Inc. increased its holdings in Resolute Energy Corporation by 77.4% in the second quarter. Westwood Holdings Group Inc. now owns 667,290 shares of the oil and gas exploration company’s stock valued at $19,865,000 after purchasing an additional 291,195 shares during the period. Finally, Northern Trust Corp grew its holdings in Resolute Energy Corporation by 349.4% during the 2nd quarter. Northern Trust Corp now owns 249,562 shares of the oil and gas exploration company’s stock worth $7,429,000 after acquiring an additional 194,029 shares during the period. Institutional investors and hedge funds own 94.16% of the company’s stock.

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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).

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