Resolute Energy Corporation (NYSE:REN) – Research analysts at Seaport Global Securities cut their Q1 2018 EPS estimates for Resolute Energy Corporation in a note issued to investors on Wednesday. Seaport Global Securities analyst M. Kelly now forecasts that the oil and gas exploration company will post earnings per share of $0.22 for the quarter, down from their previous forecast of $0.27. Seaport Global Securities also issued estimates for Resolute Energy Corporation’s Q2 2018 earnings at $0.12 EPS, Q3 2018 earnings at $0.82 EPS, Q4 2018 earnings at $0.93 EPS and FY2018 earnings at $2.09 EPS.

Resolute Energy Corporation (NYSE:REN) last issued its quarterly earnings results on Monday, August 7th. The oil and gas exploration company reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.25. The company had revenue of $71.06 million during the quarter, compared to the consensus estimate of $77.09 million. During the same period in the prior year, the firm earned ($2.44) earnings per share. The business’s revenue for the quarter was up 100.8% compared to the same quarter last year.

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REN has been the topic of several other reports. KLR Group reissued a “buy” rating and set a $64.00 price objective (up from $60.00) on shares of Resolute Energy Corporation in a report on Friday. BMO Capital Markets set a $38.00 price objective on shares of Resolute Energy Corporation and gave the company a “buy” rating in a report on Monday, June 26th. BidaskClub lowered shares of Resolute Energy Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, August 8th. Zacks Investment Research lowered shares of Resolute Energy Corporation from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 12th. Finally, SunTrust Banks, Inc. began coverage on shares of Resolute Energy Corporation in a report on Thursday, June 1st. They set a “buy” rating and a $55.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and eleven have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $44.22.

Shares of Resolute Energy Corporation (NYSE:REN) opened at 30.11 on Friday. The stock has a 50 day moving average price of $28.58 and a 200-day moving average price of $35.37. The company’s market capitalization is $664.14 million. Resolute Energy Corporation has a 12 month low of $20.47 and a 12 month high of $49.14.

In other news, Director James E. Duffy sold 3,000 shares of Resolute Energy Corporation 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director James E. Duffy sold 1,250 shares of Resolute Energy Corporation stock in a transaction on Monday, June 26th. The stock was 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 owned by company insiders.

Several large investors have recently bought and sold shares of REN. Wells Fargo & Company MN lifted its stake in shares of Resolute Energy Corporation by 2.6% during the first quarter. Wells Fargo & Company MN now owns 3,079 shares of the oil and gas exploration company’s stock worth $124,000 after buying an additional 79 shares during the period. Northpointe Capital LLC acquired a new stake in shares of Resolute Energy Corporation during the second quarter worth $152,000. Legal & General Group Plc acquired a new stake in shares of Resolute Energy Corporation during the second quarter worth $168,000. Bank of America Corp DE lifted its stake in shares of Resolute Energy Corporation by 799.4% during the first quarter. Bank of America Corp DE now owns 4,803 shares of the oil and gas exploration company’s stock worth $194,000 after buying an additional 4,269 shares during the period. Finally, UBS Asset Management Americas Inc. acquired a new stake in shares of Resolute Energy Corporation during the first quarter worth $218,000. Institutional investors and hedge funds own 93.81% of the company’s stock.

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).

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

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