Resolute Energy Corp. (NYSE:REN) was upgraded by research analysts at Vetr from a “buy” rating to a “strong-buy” rating in a research note issued on Monday. The brokerage currently has a $34.90 target price on the oil and gas exploration company’s stock. Vetr‘s price objective points to a potential upside of 25.13% from the stock’s current price.

REN has been the topic of several other research reports. Northland Securities reiterated an “outperform” rating and set a $35.00 target price (up previously from $12.00) on shares of Resolute Energy Corp. in a report on Wednesday, September 7th. Wunderlich upped their target price on 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 reiterated an “equal weight” rating and set a $28.00 target price (up previously from $5.00) on shares of Resolute Energy Corp. in a report on Friday, September 16th. Zacks Investment Research lowered Resolute Energy Corp. from a “buy” rating to a “hold” rating in a report on Tuesday, August 23rd. Finally, Wells Fargo & Co. reiterated a “hold” rating on shares of Resolute Energy Corp. in a report on Wednesday, November 9th. Two investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Resolute Energy Corp. has a consensus rating of “Buy” and an average target price of $34.49.

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

Shares of Resolute Energy Corp. (NYSE:REN) opened at 27.89 on Monday. The company’s market cap is $426.16 million. The firm has a 50 day moving average price of $29.28 and a 200-day moving average price of $15.91. Resolute Energy Corp. has a 12 month low of $2.25 and a 12 month high of $35.00.

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 (EPS) for the quarter, missing the consensus estimate of $0.29 by $1.53. The company earned $47.42 million during the quarter, compared to analyst estimates of $63.08 million. During the same quarter in the previous year, the firm earned ($2.44) EPS. The business’s quarterly revenue was up 29.6% compared to the same quarter last year. Analysts anticipate that Resolute Energy Corp. will post ($5.75) earnings per share for the current fiscal year.

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Several institutional investors have recently bought and sold shares of the stock. Credit Suisse AG purchased a new position in Resolute Energy Corp. during the third quarter valued at approximately $1,028,000. Penn Capital Management Co. Inc. purchased a new position in Resolute Energy Corp. during the third quarter valued at approximately $3,482,000. Jane Street Group LLC purchased a new position in Resolute Energy Corp. during the third quarter valued at approximately $1,247,000. Highbridge Capital Management LLC purchased a new position in Resolute Energy Corp. during the third quarter valued at approximately $294,000. Finally, Two Sigma Advisers LP purchased a new position in Resolute Energy Corp. during the third quarter valued at approximately $334,000. 57.48% 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).

5 Day Chart for NYSE:REN

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