Resolute Energy Corp (NYSE:REN) – Investment analysts at Capital One Financial issued their Q4 2017 earnings per share (EPS) estimates for Resolute Energy in a research note issued on Tuesday. Capital One Financial analyst R. Tullis expects that the oil and gas exploration company will earn $0.35 per share for the quarter. Capital One Financial also issued estimates for Resolute Energy’s Q1 2018 earnings at $0.42 EPS and FY2018 earnings at $2.72 EPS.
A number of other research analysts have also commented on the stock. B. Riley assumed coverage on shares of Resolute Energy in a research report on Monday. They set a “neutral” rating and a $39.00 price target for the company. ValuEngine lowered shares of Resolute Energy from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd. Zacks Investment Research upgraded shares of Resolute Energy from a “hold” rating to a “strong-buy” rating and set a $42.00 price target for the company in a research report on Tuesday, January 16th. Barclays restated a “buy” rating and set a $36.00 price target on shares of Resolute Energy in a research report on Sunday, December 24th. Finally, Northland Securities set a $40.00 price target on shares of Resolute Energy and gave the company 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 issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $44.22.
Resolute Energy (NYSE:REN) last released its quarterly earnings results on Monday, November 6th. The oil and gas exploration company reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.21). The firm had revenue of $81.60 million for the quarter, compared to analysts’ expectations of $86.76 million. Resolute Energy’s quarterly revenue was up 72.2% on a year-over-year basis. During the same period in the prior year, the business earned ($1.24) EPS.
In other news, insider Nicholas J. Sutton sold 9,999 shares of Resolute Energy 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 filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director James E. Duffy sold 2,000 shares of Resolute Energy 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 a total of 19,999 shares of company stock valued at $559,458 over the last ninety days. 7.30% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of REN. Legal & General Group Plc bought a new stake in shares of Resolute Energy during the 2nd quarter worth $168,000. Parametric Portfolio Associates LLC lifted its holdings 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 acquiring an additional 470 shares during the last quarter. Brown Advisory Inc. bought a new stake in shares of Resolute Energy during the 3rd quarter worth $233,000. UBS Asset Management Americas Inc. lifted its holdings in shares of Resolute Energy by 63.0% during the 2nd 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 during the last quarter. Finally, Jane Street Group LLC bought a new stake in shares of Resolute Energy during the 3rd quarter worth $270,000.
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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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