Resolute Energy Corp (NYSE:REN) VP Michael Stefanoudakis sold 29,922 shares of the company’s stock in a transaction on Friday, November 30th. The stock was sold at an average price of $34.79, for a total value of $1,040,986.38. The sale was disclosed in a filing with the SEC, which is accessible through this link.
NYSE:REN opened at $35.56 on Monday. Resolute Energy Corp has a 1 year low of $24.60 and a 1 year high of $39.28. The firm has a market capitalization of $823.71 million, a PE ratio of 592.67 and a beta of 3.46.
Resolute Energy (NYSE:REN) last released its quarterly earnings results 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 return on equity of 22.38% and a negative net margin of 10.10%. The business had revenue of $106.75 million during the quarter, compared to the consensus estimate of $104.54 million. On average, research analysts expect that Resolute Energy Corp will post 1.66 EPS for the current year.
A number of brokerages recently commented on REN. Zacks Investment Research upgraded Resolute Energy from a “strong sell” rating to a “hold” rating in a research note on Saturday. SunTrust Banks set a $36.00 price objective on Resolute Energy and gave the stock a “hold” rating in a research note on Tuesday, November 27th. ValuEngine upgraded Resolute Energy from a “sell” rating to a “hold” rating in a research note on Friday, November 16th. BMO Capital Markets restated a “hold” rating and set a $33.00 price objective on shares of Resolute Energy in a research note on Tuesday, November 13th. Finally, Seaport Global Securities restated a “hold” rating and set a $35.00 price objective on shares of Resolute Energy in a research note on Wednesday, November 7th. Seven research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Resolute Energy currently has a consensus rating of “Hold” and a consensus price target of $37.75.
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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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