Resolute Energy Corp. (REN) Forecasted to Earn Q3 2017 Earnings of $0.16 Per Share
Resolute Energy Corp. (NYSE:REN) – Analysts at Seaport Global Securities issued their Q3 2017 EPS estimates for shares of Resolute Energy Corp. in a research note issued to investors on Wednesday. Seaport Global Securities analyst M. Kelly anticipates that the firm will post earnings per share of $0.16 for the quarter. Seaport Global Securities has a “Buy” rating and a $45.00 price target on the stock. Seaport Global Securities also issued estimates for Resolute Energy Corp.’s Q4 2017 earnings at $0.30 EPS.
A number of other equities analysts have also recently issued reports on REN. Barclays PLC lifted their target price on Resolute Energy Corp. from $1.00 to $4.00 and gave the stock an “underweight” rating in a report on Tuesday, June 14th. Wunderlich upgraded Resolute Energy Corp. from a “hold” rating to a “buy” rating and lifted their target price for the stock from $4.00 to $8.00 in a report on Monday, July 11th. Johnson Rice upgraded Resolute Energy Corp. from an “accumulate” rating to a “buy” rating in a report on Monday, July 11th. Northland Securities upgraded Resolute Energy Corp. from a “market perform” rating to an “outperform” rating in a report on Monday, July 11th. Finally, Zacks Investment Research upgraded Resolute Energy Corp. from a “hold” rating to a “buy” rating and set a $8.50 target price on the stock in a report on Thursday, July 14th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $34.43.
Resolute Energy Corp. (NYSE:REN) traded down 0.57% during trading on Thursday, hitting $29.51. The stock had a trading volume of 947,107 shares. Resolute Energy Corp. has a 1-year low of $2.25 and a 1-year high of $31.05. The firm’s 50 day moving average is $22.26 and its 200 day moving average is $9.12. The firm’s market cap is $450.47 million.
Resolute Energy Corp. (NYSE:REN) last released its quarterly earnings data on Monday, August 8th. The oil and gas exploration company reported ($2.44) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by $2.41. The firm earned $35.40 million during the quarter, compared to the consensus estimate of $51.82 million. Resolute Energy Corp.’s revenue for the quarter was down 26.9% on a year-over-year basis. During the same quarter last year, the business posted ($3.46) EPS.
A hedge fund recently raised its stake in Resolute Energy Corp. stock. Spark Investment Management LLC boosted its position in shares of Resolute Energy Corp. (NYSE:REN) by 666.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor 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 about 0.66% of Resolute Energy Corp. worth $255,000 at the end of the most recent reporting period. 39.98% of the stock is currently owned by institutional investors.
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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