Resolute Energy (REN) Trading 5.3% Higher

Shares of Resolute Energy Corporation (NYSE:REN) traded up 5.3% during trading on Tuesday . The stock traded as high as $35.87 and last traded at $35.63. 1,007,375 shares were traded during mid-day trading, an increase of 73% from the average session volume of 582,346 shares. The stock had previously closed at $33.84.

A number of research firms have issued reports on REN. Imperial Capital restated a “buy” rating and set a $50.00 price target on shares of Resolute Energy in a report on Monday, September 18th. ValuEngine upgraded Resolute Energy from a “sell” rating to a “hold” rating in a report on Wednesday, January 3rd. SunTrust Banks restated a “buy” rating on shares of Resolute Energy in a report on Friday, November 10th. BMO Capital Markets set a $35.00 price target on Resolute Energy and gave the stock a “hold” rating in a report on Tuesday, October 24th. Finally, Goldman Sachs Group set a $37.00 price target on Resolute Energy and gave the stock a “buy” rating in a report on Wednesday, December 6th. One analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $45.29.

The stock has a market capitalization of $791.91, a price-to-earnings ratio of -25.88 and a beta of 3.42. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of -8.75.

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 analysts’ consensus estimates of $0.36 by ($0.21). The business had revenue of $81.60 million during the quarter, compared to analysts’ expectations of $86.76 million. The business’s quarterly revenue was up 72.2% on a year-over-year basis. During the same quarter last year, the firm earned ($1.24) EPS. research analysts expect that Resolute Energy Corporation will post 0.6 earnings per share for the current fiscal year.

In other news, insider Nicholas J. Sutton sold 9,999 shares of the company’s stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $27.29, for a total transaction of $272,872.71. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director James E. Duffy sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 27th. The stock was sold at an average price of $30.96, for a total value of $92,880.00. The disclosure for this sale can be found here. Insiders have sold a total of 19,999 shares of company stock worth $559,458 over the last 90 days. Company insiders own 7.30% of the company’s stock.

Several large investors have recently modified their holdings of the company. Monarch Alternative Capital LP raised its position in Resolute Energy by 33.3% in 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 buying an additional 453,251 shares during the last quarter. Jane Street Group LLC purchased a new stake in Resolute Energy in the 3rd quarter valued at $270,000. Westfield Capital Management Co. LP purchased a new stake in Resolute Energy in the 3rd quarter valued at $9,130,000. Dimensional Fund Advisors LP purchased a new stake in Resolute Energy in the 3rd quarter valued at $2,640,000. Finally, Brown Advisory Inc. purchased a new stake in Resolute Energy in the 3rd quarter valued at $233,000. 97.76% of the stock is currently owned by 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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