James E. Duffy Sells 1,500 Shares of Resolute Energy Corporation (REN) Stock

Resolute Energy Corporation (NYSE:REN) Director James E. Duffy sold 1,500 shares of the company’s stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $26.64, for a total value of $39,960.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Resolute Energy Corporation (NYSE REN) traded up $0.66 during mid-day trading on Monday, hitting $27.09. The company had a trading volume of 466,369 shares, compared to its average volume of 731,263. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of -8.75. Resolute Energy Corporation has a twelve month low of $23.64 and a twelve month high of $49.14.

Resolute Energy (NYSE:REN) last posted its quarterly earnings results on Monday, November 6th. The oil and gas exploration company reported $0.15 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by ($0.21). The company had revenue of $81.60 million during the quarter, compared to analyst estimates of $86.76 million. The company’s quarterly revenue was up 72.2% on a year-over-year basis. During the same quarter in the prior year, the company posted ($1.24) earnings per share. sell-side analysts expect that Resolute Energy Corporation will post 0.6 earnings per share for the current year.

REN has been the topic of a number of recent analyst reports. Goldman Sachs Group raised Resolute Energy from a “neutral” rating to a “buy” rating and set a $32.00 target price on the stock in a research report on Thursday, October 19th. They noted that the move was a valuation call. KLR Group reaffirmed a “buy” rating and issued a $64.00 target price (up from $60.00) on shares of Resolute Energy in a research report on Friday, September 15th. ValuEngine lowered Resolute Energy from a “hold” rating to a “sell” rating in a research report on Wednesday, September 6th. Northland Securities set a $50.00 price target on Resolute Energy and gave the company a “buy” rating in a research report on Thursday, November 16th. Finally, Barclays reissued an “overweight” rating and set a $37.00 price target on shares of Resolute Energy in a research report on Monday, November 20th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $45.43.

Several hedge funds have recently bought and sold shares of the stock. Monarch Alternative Capital LP raised its position in shares of Resolute Energy by 33.3% during the 3rd quarter. Monarch Alternative Capital LP now owns 1,816,300 shares of the oil and gas exploration company’s stock valued at $53,926,000 after acquiring an additional 453,251 shares in the last quarter. Jane Street Group LLC bought a new position in Resolute Energy during the 3rd quarter worth $270,000. Westfield Capital Management Co. LP bought a new position in Resolute Energy during the 3rd quarter worth $9,130,000. Dimensional Fund Advisors LP bought a new position in Resolute Energy during the 3rd quarter worth $2,640,000. Finally, Brown Advisory Inc. bought a new position in Resolute Energy during the 3rd quarter worth $233,000. 97.83% of the stock is currently owned by institutional investors and hedge funds.

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About Resolute Energy

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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