Resolute Energy (NYSE:REN) received a $37.00 price objective from analysts at Goldman Sachs Group in a note issued to investors on Wednesday. The firm currently has a “buy” rating on the oil and gas exploration company’s stock. Goldman Sachs Group’s target price suggests a potential upside of 26.45% from the company’s previous close.
Several other research firms have also recently commented on REN. SunTrust Banks restated a “buy” rating on shares of Resolute Energy in a research note on Friday, November 10th. BMO Capital Markets cut Resolute Energy from an “outperform” rating to a “market perform” rating and set a $35.00 target price on the stock. in a research note on Monday, September 18th. They noted that the move was a valuation call. Imperial Capital restated a “buy” rating and issued a $50.00 target price on shares of Resolute Energy in a research note on Monday, September 18th. BidaskClub cut Resolute Energy from a “hold” rating to a “sell” rating in a research note on Tuesday, August 8th. Finally, Zacks Investment Research upgraded Resolute Energy from a “strong sell” rating to a “hold” rating in a research note on Saturday, August 12th. Two analysts have rated the stock with a sell rating, two have given a hold rating and eight have issued a buy rating to the company’s stock. Resolute Energy has an average rating of “Buy” and a consensus target price of $45.73.
Resolute Energy (NYSE:REN) traded down $0.27 during trading hours on Wednesday, hitting $29.26. The stock had a trading volume of 582,500 shares, compared to its average volume of 735,407. Resolute Energy has a fifty-two week low of $23.64 and a fifty-two week high of $49.14. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of -8.75.
In other Resolute Energy news, Director James E. Duffy sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $27.99, for a total transaction of $69,975.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 7.30% of the stock is owned by insiders.
Several large investors have recently bought and sold shares of the business. Parametric Portfolio Associates LLC lifted its position in shares of 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 buying an additional 470 shares during the last quarter. California Public Employees Retirement System boosted its holdings in Resolute Energy by 17.5% in the first quarter. California Public Employees Retirement System now owns 14,800 shares of the oil and gas exploration company’s stock worth $598,000 after acquiring an additional 2,200 shares in the last quarter. UBS Asset Management Americas Inc. boosted its holdings in Resolute Energy by 63.0% in the second quarter. UBS Asset Management Americas Inc. now owns 8,800 shares of the oil and gas exploration company’s stock worth $262,000 after acquiring an additional 3,400 shares in the last quarter. Cubist Systematic Strategies LLC boosted its holdings in Resolute Energy by 53.5% in the second quarter. Cubist Systematic Strategies LLC now owns 11,400 shares of the oil and gas exploration company’s stock worth $339,000 after acquiring an additional 3,974 shares in the last quarter. Finally, Bank of America Corp DE boosted its holdings in Resolute Energy 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 acquiring an additional 4,269 shares in the last quarter. 97.83% of the stock is currently owned by hedge funds and other institutional investors.
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Resolute Energy 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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