Published On: Thu, Sep 8th, 2016

Resolute Energy Corp. (REN) Stock Price Down 4.5%

Resolute Energy Corp. (NYSE:REN) fell 4.5% during trading on Wednesday . The company traded as low as $21.31 and last traded at $21.85, with a volume of 1,125,491 shares. The stock had previously closed at $22.88.
A number of research firms recently commented on REN. Northland Securities reaffirmed an “outperform” rating and issued a $35.00 price target (up previously from $12.00) on shares of Resolute Energy Corp. in a report on Wednesday. Zacks Investment Research cut shares of Resolute Energy Corp. from a “buy” rating to a “hold” rating in a report on Tuesday, August 23rd. Wunderlich lifted their price target on shares of Resolute Energy Corp. from $15.00 to $25.00 and gave the stock a “buy” rating in a report on Monday, August 22nd. Barclays PLC raised shares of Resolute Energy Corp. from an “underweight” rating to an “equal weight” rating and lifted their price target for the stock from $4.00 to $8.00 in a report on Wednesday, July 13th. Finally, Johnson Rice raised shares of Resolute Energy Corp. from an “accumulate” rating to a “buy” rating in a report on Monday, July 11th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Resolute Energy Corp. has an average rating of “Buy” and an average target price of $21.75.

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The stock’s 50 day moving average price is $12.69 and its 200 day moving average price is $5.63. The firm’s market cap is $350.33 million.
Resolute Energy Corp. (NYSE:REN) last issued its quarterly earnings results on Monday, August 8th. The oil and gas exploration company reported ($2.44) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.03) by $2.41. During the same quarter in the previous year, the company earned ($3.46) EPS. The firm had revenue of $35.40 million for the quarter, compared to analyst estimates of $51.82 million. Resolute Energy Corp.’s revenue was down 26.9% on a year-over-year basis. Equities analysts forecast that Resolute Energy Corp. will post $0.49 earnings per share for the current fiscal year.
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. Its properties are Aneth Field located in the Paradox Basin in southeast Utah (the Aneth Field Properties or Aneth Field), and the Permian Basin in Texas and southeast New Mexico (the Permian Properties or Permian Basin Properties).

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