Resolute Energy Corp. (NYSE:REN) was downgraded by research analysts at Vetr from a “strong-buy” rating to a “hold” rating in a research note issued on Monday. They currently have a $34.90 target price on the oil and gas exploration company’s stock. Vetr‘s price objective points to a potential upside of 2.29% from the stock’s current price.

Several other brokerages have also recently commented on REN. Wunderlich reiterated a “buy” rating and issued a $40.00 price target (up previously from $25.00) on shares of Resolute Energy Corp. in a research note on Thursday, October 6th. Wells Fargo & Co. reiterated a “hold” rating on shares of Resolute Energy Corp. in a research note on Wednesday, November 9th. HC Wainwright initiated coverage on shares of Resolute Energy Corp. in a research report on Wednesday, October 5th. They set a “buy” rating and a $32.00 target price on the stock. Seaport Global Securities initiated coverage on shares of Resolute Energy Corp. in a research report on Wednesday, October 5th. They set a “buy” rating and a $45.00 target price on the stock. Finally, Rodman & Renshaw initiated coverage on shares of Resolute Energy Corp. in a research report on Wednesday, October 5th. They set a “buy” rating and a $32.00 target price on the stock. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $34.49.

Analyst Recommendations for Resolute Energy Corp. (NYSE:REN)

Resolute Energy Corp. (NYSE:REN) traded up 9.57% during mid-day trading on Monday, hitting $34.12. The company had a trading volume of 1,202,754 shares. Resolute Energy Corp. has a 1-year low of $2.25 and a 1-year high of $35.00. The stock’s market capitalization is $599.39 million. The stock has a 50 day moving average price of $28.86 and a 200-day moving average price of $14.99.

Resolute Energy Corp. (NYSE:REN) last announced its quarterly earnings results on Monday, November 7th. The oil and gas exploration company reported ($1.24) EPS for the quarter, missing the consensus estimate of $0.29 by $1.53. The business had revenue of $47.42 million for the quarter, compared to analyst estimates of $63.08 million. The firm’s quarterly revenue was up 29.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($2.44) EPS. On average, analysts forecast that Resolute Energy Corp. will post ($5.75) earnings per share for the current year.

Institutional investors have recently modified their holdings of the stock. JPMorgan Chase & Co. purchased a new position in shares of Resolute Energy Corp. during the second quarter valued at approximately $1,681,000. Two Sigma Advisers LP bought a new position in shares of Resolute Energy Corp. during the third quarter worth approximately $334,000. Scoria Capital Partners LP bought a new position in shares of Resolute Energy Corp. during the third quarter worth approximately $652,000. 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 worth $117,000 after buying an additional 2,500 shares in the last quarter. Finally, Spark Investment Management LLC increased its position in shares of Resolute Energy Corp. by 156.6% in the third quarter. Spark Investment Management LLC now owns 215,300 shares of the oil and gas exploration company’s stock worth $5,610,000 after buying an additional 131,400 shares in the last quarter. Institutional investors own 34.10% 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).

5 Day Chart for NYSE:REN

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