Resolute Energy Corp (NYSE:REN) Director James E. Duffy sold 1,000 shares of the business’s stock in a transaction on Wednesday, November 28th. The shares were sold at an average price of $34.07, for a total value of $34,070.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of REN stock opened at $35.56 on Friday. Resolute Energy Corp has a one year low of $24.60 and a one year high of $39.28. The firm has a market capitalization of $823.71 million, a P/E ratio of 46.79 and a beta of 3.46.
Resolute Energy (NYSE:REN) last issued its quarterly earnings data on Monday, November 5th. The oil and gas exploration company reported $0.48 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.71 by ($0.23). Resolute Energy had a negative net margin of 10.10% and a negative return on equity of 22.38%. The business had revenue of $106.75 million during the quarter, compared to the consensus estimate of $104.54 million. Equities analysts forecast that Resolute Energy Corp will post 1.66 earnings per share for the current year.
Several brokerages recently commented on REN. Zacks Investment Research raised Resolute Energy from a “strong sell” rating to a “hold” rating in a research note on Saturday. SunTrust Banks set a $36.00 price target on Resolute Energy and gave the company a “hold” rating in a research note on Tuesday, November 27th. ValuEngine raised Resolute Energy from a “sell” rating to a “hold” rating in a research note on Friday, November 16th. BMO Capital Markets reaffirmed a “hold” rating and issued a $33.00 price target on shares of Resolute Energy in a research note on Tuesday, November 13th. Finally, Seaport Global Securities reaffirmed a “hold” rating and issued a $35.00 price target on shares of Resolute Energy in a research note on Wednesday, November 7th. Seven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Resolute Energy currently has an average rating of “Hold” and a consensus price target of $37.75.
About Resolute Energy
Resolute Energy Corporation, an independent oil and gas company, engages in the acquisition, exploitation, exploration for, and development of oil and gas properties in the United States. Its principal project area is located in the Delaware Basin portion of the Permian Basin, Reeves County. As of December 31, 2017, it had interests in approximately 27,100 gross acres located in the Permian Basin of Texas; and its estimated net proved reserves were approximately 53.4 million barrels of oil equivalent.
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