Franklin Resources Inc. grew its holdings in shares of Resolute Energy Corporation (NYSE:REN) by 32.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,719,287 shares of the oil and gas exploration company’s stock after acquiring an additional 416,802 shares during the period. Franklin Resources Inc. owned about 7.66% of Resolute Energy Corporation worth $51,182,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of REN. Nationwide Fund Advisors bought a new stake in shares of Resolute Energy Corporation during the 1st quarter valued at $432,000. Wells Fargo & Company MN grew its position in shares of Resolute Energy Corporation by 2.6% during the 1st quarter. Wells Fargo & Company MN now owns 3,079 shares of the oil and gas exploration company’s stock valued at $124,000 after acquiring an additional 79 shares during the period. UBS Asset Management Americas Inc. bought a new stake in shares of Resolute Energy Corporation during the 1st quarter valued at $218,000. Raymond James Financial Services Advisors Inc. bought a new stake in shares of Resolute Energy Corporation during the 1st quarter valued at $309,000. Finally, Tokio Marine Asset Management Co. Ltd. bought a new stake in shares of Resolute Energy Corporation during the 1st quarter valued at $465,000. 93.81% of the stock is owned by hedge funds and other institutional investors.

Shares of Resolute Energy Corporation (NYSE REN) opened at 30.11 on Friday. Resolute Energy Corporation has a 52 week low of $20.47 and a 52 week high of $49.14. The stock’s market cap is $664.14 million. The firm has a 50-day moving average of $28.58 and a 200 day moving average of $35.37.

Resolute Energy Corporation (NYSE:REN) last released its quarterly earnings results on Monday, August 7th. The oil and gas exploration company reported $0.47 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.25. The firm had revenue of $71.06 million for the quarter, compared to analyst estimates of $77.09 million. The firm’s quarterly revenue was up 100.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($2.44) EPS. On average, equities analysts forecast that Resolute Energy Corporation will post $0.89 EPS for the current fiscal year.

A number of equities research analysts have recently issued reports on the stock. Zacks Investment Research raised shares of Resolute Energy Corporation from a “strong sell” rating to a “hold” rating in a research report on Saturday, August 12th. KLR Group reissued a “buy” rating and set a $64.00 price objective (up previously from $60.00) on shares of Resolute Energy Corporation in a research report on Friday. BidaskClub raised shares of Resolute Energy Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. Northland Securities set a $60.00 target price on shares of Resolute Energy Corporation and gave the stock a “buy” rating in a report on Monday, July 17th. Finally, Imperial Capital started coverage on shares of Resolute Energy Corporation in a report on Tuesday, July 18th. They issued an “outperform” rating and a $40.00 target price for the company. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and eleven have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $44.22.

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In related news, Director James E. Duffy sold 3,000 shares of the firm’s stock in a transaction on Tuesday, June 20th. The shares were sold at an average price of $30.69, for a total transaction of $92,070.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director James E. Duffy sold 1,250 shares of the firm’s stock in a transaction on Monday, June 26th. The shares were sold at an average price of $29.91, for a total transaction of $37,387.50. The disclosure for this sale can be found here. 7.30% of the stock is currently owned by company insiders.

About Resolute Energy Corporation

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. The Company’s assets are located primarily in the Delaware Basin in west Texas (the Permian Properties or Permian Basin Properties) and Aneth Field located in the Paradox Basin in southeast Utah (the Aneth Field Properties or Aneth Field).

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Institutional Ownership by Quarter for Resolute Energy Corporation (NYSE:REN)

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