Q3 2016 Earnings Forecast for Resolute Energy Corp. (REN) Issued By Capital One Financial Corp.
Resolute Energy Corp. (NYSE:REN) – Stock analysts at Capital One Financial Corp. cut their Q3 2016 earnings per share estimates for Resolute Energy Corp. in a research report issued to clients and investors on Wednesday. Capital One Financial Corp. analyst R. Tullis now anticipates that the firm will earn $0.24 per share for the quarter, down from their previous estimate of $0.32.
REN has been the topic of several other research reports. Northland Securities reiterated an “outperform” rating and set a $35.00 price target (up previously from $12.00) on shares of Resolute Energy Corp. in a research report on Wednesday, September 7th. Wunderlich upped their price target on shares of Resolute Energy Corp. from $15.00 to $25.00 and gave the stock a “buy” rating in a research report on Monday, August 22nd. Barclays PLC reiterated an “equal weight” rating and set a $28.00 price target (up previously from $5.00) on shares of Resolute Energy Corp. in a research report on Friday, September 16th. Zacks Investment Research downgraded shares of Resolute Energy Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday, August 23rd. Finally, Johnson Rice upgraded shares of Resolute Energy Corp. from an “accumulate” rating to a “buy” rating in a research report on Monday, July 11th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $34.43.
Resolute Energy Corp. (NYSE:REN) opened at 29.68 on Thursday. Resolute Energy Corp. has a 52-week low of $2.25 and a 52-week high of $31.05. The stock has a 50 day moving average of $21.93 and a 200-day moving average of $8.93. The company’s market capitalization is $453.07 million.
Resolute Energy Corp. (NYSE:REN) last posted its quarterly earnings results on Monday, August 8th. The oil and gas exploration company reported ($2.44) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.03) by $2.41. The firm had revenue of $35.40 million for the quarter, compared to the consensus estimate of $51.82 million. During the same quarter in the prior year, the firm posted ($3.46) EPS. The business’s revenue was down 26.9% on a year-over-year basis.
A hedge fund recently raised its stake in Resolute Energy Corp. stock. Spark Investment Management LLC increased its position in shares of Resolute Energy Corp. (NYSE:REN) by 666.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 500,100 shares of the oil and gas exploration company’s stock after buying an additional 434,842 shares during the period. Spark Investment Management LLC owned approximately 0.66% of Resolute Energy Corp. worth $255,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 39.98% of the company’s stock.
About Resolute Energy Corp.
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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