Resolute Energy Corp. (NYSE:REN) – Stock analysts at Capital One Financial Corp. lifted their FY2016 earnings estimates for Resolute Energy Corp. in a note issued to investors on Wednesday. Capital One Financial Corp. analyst R. Tullis now expects that the brokerage will post earnings of $1.47 per share for the year, up from their prior forecast of $0.89. Capital One Financial Corp. also issued estimates for Resolute Energy Corp.’s Q4 2016 earnings at $0.53 EPS and FY2017 earnings at ($0.94) EPS.

Resolute Energy Corp. (NYSE:REN) last released its earnings results on Monday, November 7th. The oil and gas exploration company reported ($1.24) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.29 by $1.53. The business had revenue of $47.42 million for the quarter, compared to analysts’ expectations of $63.08 million. The firm’s revenue was up 29.6% on a year-over-year basis. During the same quarter last year, the firm posted ($2.44) EPS.

Earnings History and Estimates for Resolute Energy Corp. (NYSE:REN)

A number of other analysts have also weighed in on the stock. Wells Fargo & Co. restated a “hold” rating on shares of Resolute Energy Corp. in a research note on Wednesday. Vetr raised shares of Resolute Energy Corp. from a “buy” rating to a “strong-buy” rating and set a $34.90 price target on the stock in a report on Monday, October 24th. Wunderlich reaffirmed a “buy” rating and set a $40.00 price target (up previously from $25.00) on shares of Resolute Energy Corp. in a report on Thursday, October 6th. HC Wainwright started coverage on shares of Resolute Energy Corp. in a report on Wednesday, October 5th. They set a “buy” rating and a $32.00 price target on the stock. Finally, Seaport Global Securities started coverage on shares of Resolute Energy Corp. in a report on Wednesday, October 5th. They set a “buy” rating and a $45.00 price target on the stock. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Resolute Energy Corp. currently has an average rating of “Buy” and an average target price of $34.49.

Resolute Energy Corp. (NYSE:REN) opened at 25.50 on Friday. The stock’s market capitalization is $389.26 million. The firm has a 50-day moving average of $27.67 and a 200-day moving average of $13.66. Resolute Energy Corp. has a 1-year low of $2.25 and a 1-year high of $33.84.

A number of institutional investors have recently modified their holdings of the stock. Acrospire Investment Management LLC increased its position in shares of Resolute Energy Corp. by 125.0% in the third quarter. Acrospire Investment Management LLC now owns 4,500 shares of the oil and gas exploration company’s stock valued at $117,000 after buying an additional 2,500 shares in the last quarter. Northern Trust Corp increased its position in shares of Resolute Energy Corp. by 13.8% in the third quarter. Northern Trust Corp now owns 26,221 shares of the oil and gas exploration company’s stock valued at $683,000 after buying an additional 3,188 shares in the last quarter. Acadian Asset Management LLC purchased a new position in shares of Resolute Energy Corp. during the third quarter valued at $112,000. BlackRock Group LTD purchased a new position in shares of Resolute Energy Corp. during the third quarter valued at $140,000. Finally, Bank of New York Mellon Corp increased its position in shares of Resolute Energy Corp. by 144.5% in the third quarter. Bank of New York Mellon Corp now owns 44,790 shares of the oil and gas exploration company’s stock valued at $1,167,000 after buying an additional 26,472 shares in the last quarter. 38.35% of the stock is currently owned by institutional investors and hedge funds.

Resolute Energy Corp. Company Profile

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).

5 Day Chart for NYSE:REN

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