Resolute Energy Corporation (NYSE:REN) has earned a consensus rating of “Hold” from the seventeen analysts that are covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have assigned a buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $44.73.

Several equities analysts recently weighed in on REN shares. Imperial Capital reaffirmed a “buy” rating and set a $50.00 target price on shares of Resolute Energy Corporation in a research note on Monday, September 18th. BMO Capital Markets dropped their price objective on shares of Resolute Energy Corporation from $38.00 to $35.00 and set an “outperform” rating for the company in a research note on Friday, July 14th. Goldman Sachs Group, Inc. (The) started coverage on shares of Resolute Energy Corporation in a research note on Monday, July 17th. They issued a “neutral” rating and a $34.00 price objective for the company. Zacks Investment Research raised shares of Resolute Energy Corporation from a “strong sell” rating to a “hold” rating in a research note on Saturday, August 12th. Finally, Northland Securities set a $60.00 price objective on shares of Resolute Energy Corporation and gave the stock a “buy” rating in a research note on Monday, July 17th.

Shares of Resolute Energy Corporation (REN) traded down 2.66% on Wednesday, reaching $29.69. 624,252 shares of the company traded hands. Resolute Energy Corporation has a 1-year low of $20.47 and a 1-year high of $49.14. The stock has a 50-day moving average price of $28.33 and a 200 day moving average price of $34.97. The firm’s market capitalization is $654.87 million.

Resolute Energy Corporation (NYSE:REN) last posted its earnings results on Monday, August 7th. The oil and gas exploration company reported $0.47 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.25. The company had revenue of $71.06 million for the quarter, compared to analysts’ expectations of $77.09 million. The business’s revenue was up 100.8% on a year-over-year basis. During the same period in the previous year, the business posted ($2.44) earnings per share. Analysts anticipate that Resolute Energy Corporation will post $1.08 EPS for the current fiscal year.

In related news, Director James E. Duffy sold 2,500 shares of Resolute Energy Corporation stock in a transaction dated Wednesday, September 27th. The shares were sold at an average price of $30.44, for a total transaction of $76,100.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 7.30% of the company’s stock.

Several large investors have recently bought and sold shares of REN. Wellington Management Group LLP raised its holdings in shares of Resolute Energy Corporation by 68.9% in the 1st quarter. Wellington Management Group LLP now owns 3,097,194 shares of the oil and gas exploration company’s stock valued at $125,127,000 after purchasing an additional 1,263,959 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Resolute Energy Corporation by 46.2% in the 2nd quarter. Vanguard Group Inc. now owns 1,495,382 shares of the oil and gas exploration company’s stock valued at $44,518,000 after purchasing an additional 472,759 shares in the last quarter. Franklin Resources Inc. raised its holdings in shares of Resolute Energy Corporation by 32.0% in the 2nd quarter. Franklin Resources Inc. now owns 1,719,287 shares of the oil and gas exploration company’s stock valued at $51,182,000 after purchasing an additional 416,802 shares in the last quarter. Westwood Holdings Group Inc. bought a new stake in shares of Resolute Energy Corporation in the 1st quarter valued at about $15,194,000. Finally, Caymus Capital Partners L.P. raised its holdings in shares of Resolute Energy Corporation by 82.2% in the 2nd quarter. Caymus Capital Partners L.P. now owns 746,900 shares of the oil and gas exploration company’s stock valued at $22,235,000 after purchasing an additional 336,900 shares in the last quarter. Institutional investors and hedge funds own 93.81% of the company’s stock.

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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).

Analyst Recommendations for Resolute Energy Corporation (NYSE:REN)

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