JPMorgan Chase & Co. Acquires 10,283 Shares of Resolute Energy Corporation (REN)

JPMorgan Chase & Co. grew its holdings in Resolute Energy Corporation (NYSE:REN) by 4.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 234,495 shares of the oil and gas exploration company’s stock after acquiring an additional 10,283 shares during the period. JPMorgan Chase & Co. owned about 1.04% of Resolute Energy worth $7,152,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in REN. Legal & General Group Plc acquired a new position in shares of Resolute Energy in the 2nd quarter valued at $168,000. Bank of America Corp DE lifted its stake in shares of Resolute Energy by 799.4% in the 1st quarter. Bank of America Corp DE now owns 4,803 shares of the oil and gas exploration company’s stock valued at $194,000 after purchasing an additional 4,269 shares during the period. Parametric Portfolio Associates LLC lifted its stake in shares of Resolute Energy by 6.7% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 7,507 shares of the oil and gas exploration company’s stock valued at $223,000 after purchasing an additional 470 shares during the period. UBS Asset Management Americas Inc. lifted its stake in shares of Resolute Energy by 63.0% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 8,800 shares of the oil and gas exploration company’s stock valued at $262,000 after purchasing an additional 3,400 shares during the period. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of Resolute Energy in the 2nd quarter valued at $285,000. 97.76% of the stock is currently owned by institutional investors and hedge funds.

In other news, insider Nicholas J. Sutton sold 9,999 shares of the company’s stock in a transaction on Monday, December 18th. The shares were sold at an average price of $27.29, for a total transaction of $272,872.71. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James E. Duffy sold 2,000 shares of the company’s stock in a transaction on Thursday, December 7th. The stock was sold at an average price of $28.04, for a total transaction of $56,080.00. The disclosure for this sale can be found here. Insiders have sold 16,999 shares of company stock valued at $466,578 in the last ninety days. Insiders own 7.30% of the company’s stock.

Several research firms recently issued reports on REN. Imperial Capital reiterated a “buy” rating and issued a $50.00 target price on shares of Resolute Energy in a research note on Monday, September 18th. SunTrust Banks restated a “buy” rating on shares of Resolute Energy in a research report on Friday, November 10th. BMO Capital Markets cut shares of Resolute Energy from an “outperform” rating to a “market perform” rating and set a $35.00 price objective for the company. in a research report on Monday, September 18th. They noted that the move was a valuation call. Goldman Sachs Group set a $37.00 price objective on shares of Resolute Energy and gave the stock a “buy” rating in a research report on Wednesday, December 6th. Finally, Northland Securities set a $40.00 price objective on shares of Resolute Energy and gave the stock a “buy” rating in a research report on Monday, December 11th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company’s stock. Resolute Energy presently has an average rating of “Hold” and an average target price of $45.29.

Resolute Energy Corporation (NYSE:REN) opened at $30.96 on Thursday. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of -8.75. The firm has a market cap of $703.92, a price-to-earnings ratio of -22.76 and a beta of 3.43. Resolute Energy Corporation has a 12-month low of $23.64 and a 12-month high of $49.14.

Resolute Energy (NYSE:REN) last posted its quarterly earnings data on Monday, November 6th. The oil and gas exploration company reported $0.15 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.36 by ($0.21). The business had revenue of $81.60 million for the quarter, compared to the consensus estimate of $86.76 million. During the same period in the previous year, the company earned ($1.24) EPS. The business’s revenue for the quarter was up 72.2% compared to the same quarter last year. equities analysts predict that Resolute Energy Corporation will post 0.6 EPS for the current fiscal year.

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Resolute Energy 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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Institutional Ownership by Quarter for Resolute Energy (NYSE:REN)

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