Resolute Energy Corporation (REN) Director James E. Duffy Sells 2,500 Shares
Resolute Energy Corporation (NYSE:REN) Director James E. Duffy sold 2,500 shares of the stock in a transaction on Wednesday, September 27th. The stock was 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 SEC, which is available at this link.
Shares of Resolute Energy Corporation (NYSE REN) traded down 2.66% on Friday, hitting $29.69. The stock had a trading volume of 624,252 shares. The company’s market cap is $654.87 million. Resolute Energy Corporation has a 52 week low of $20.47 and a 52 week high of $49.14. The stock’s 50-day moving average price is $28.33 and its 200 day moving average price is $34.97.
Resolute Energy Corporation (NYSE:REN) last posted its quarterly earnings results on Monday, August 7th. The oil and gas exploration company reported $0.47 earnings per share for the quarter, beating the Zacks’ consensus estimate 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. The firm’s revenue for the quarter was up 100.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($2.44) earnings per share. On average, analysts predict that Resolute Energy Corporation will post $1.08 EPS for the current year.
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REN has been the subject of a number of recent research reports. ValuEngine cut shares of Resolute Energy Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, September 6th. BMO Capital Markets cut 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 report on Friday, July 14th. Goldman Sachs Group, Inc. (The) began coverage on shares of Resolute Energy Corporation in a research report on Monday, July 17th. They set a “neutral” rating and a $34.00 price objective for the company. Imperial Capital began coverage on shares of Resolute Energy Corporation in a research report on Tuesday, July 18th. They set an “outperform” rating and a $40.00 price objective for the company. Finally, KLR Group restated 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, September 15th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $44.99.
A number of hedge funds have recently bought and sold shares of REN. Wells Fargo & Company MN grew its stake in Resolute Energy Corporation by 2.6% in the first quarter. Wells Fargo & Company MN now owns 3,079 shares of the oil and gas exploration company’s stock valued at $124,000 after purchasing an additional 79 shares in the last quarter. Northpointe Capital LLC bought a new position in Resolute Energy Corporation in the second quarter valued at approximately $152,000. Legal & General Group Plc bought a new position in Resolute Energy Corporation in the second quarter valued at approximately $168,000. Bank of America Corp DE grew its stake in Resolute Energy Corporation by 799.4% in the first quarter. Bank of America Corp DE now owns 4,803 shares of the oil and gas exploration company’s stock valued at $194,000 after purchasing an additional 4,269 shares in the last quarter. Finally, UBS Asset Management Americas Inc. bought a new position in Resolute Energy Corporation in the first quarter valued at approximately $218,000. Hedge funds and other institutional investors 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).
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