JPMorgan Chase & Co. Buys 61,264 Shares of Resolute Energy Corporation (REN)
JPMorgan Chase & Co. boosted its stake in shares of Resolute Energy Corporation (NYSE:REN) by 37.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 224,212 shares of the oil and gas exploration company’s stock after acquiring an additional 61,264 shares during the period. JPMorgan Chase & Co. owned 1.00% of Resolute Energy Corporation worth $6,675,000 at the end of the most recent reporting period.
A number of other institutional investors also recently bought and sold shares of REN. Wells Fargo & Company MN raised its holdings in Resolute Energy Corporation by 2.6% in 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 in the last quarter. Tudor Investment Corp ET AL lifted its position in shares of Resolute Energy Corporation by 30.8% during the 1st quarter. Tudor Investment Corp ET AL now owns 6,539 shares of the oil and gas exploration company’s stock valued at $264,000 after acquiring an additional 1,539 shares during the period. California Public Employees Retirement System lifted its position in shares of Resolute Energy Corporation by 17.5% during the 1st quarter. California Public Employees Retirement System now owns 14,800 shares of the oil and gas exploration company’s stock valued at $598,000 after acquiring an additional 2,200 shares during the period. Bank of America Corp DE lifted its position in shares of Resolute Energy Corporation by 799.4% during the 1st 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 acquiring an additional 4,269 shares during the period. Finally, Northpointe Capital LLC bought a new stake in shares of Resolute Energy Corporation during the 2nd quarter valued at $152,000. Hedge funds and other institutional investors own 93.81% of the company’s stock.
In other Resolute Energy Corporation news, Director James E. Duffy sold 2,500 shares of the firm’s stock in a transaction dated Wednesday, September 27th. The stock was sold at an average price of $30.44, for a total value of $76,100.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 7.30% of the stock is owned by corporate insiders.
Resolute Energy Corporation (NYSE:REN) opened at 29.98 on Wednesday. The stock has a 50 day moving average of $28.42 and a 200-day moving average of $34.27. Resolute Energy Corporation has a 12-month low of $22.27 and a 12-month high of $49.14. The company’s market cap is $661.27 million.
Resolute Energy Corporation (NYSE:REN) last posted its earnings results on Monday, August 7th. The oil and gas exploration company reported $0.47 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.25. The business had revenue of $71.06 million for the quarter, compared to analysts’ expectations of $77.09 million. During the same quarter in the previous year, the firm earned ($2.44) earnings per share. Resolute Energy Corporation’s quarterly revenue was up 100.8% compared to the same quarter last year. On average, equities research analysts anticipate that Resolute Energy Corporation will post $1.08 earnings per share for the current fiscal year.
REN has been the topic of several analyst reports. Imperial Capital reissued a “buy” rating and set a $50.00 target price on shares of Resolute Energy Corporation in a report on Monday, September 18th. KLR Group reaffirmed a “buy” rating and issued a $64.00 price target (up previously from $60.00) on shares of Resolute Energy Corporation in a research note on Friday, September 15th. Northland Securities set a $60.00 price target on Resolute Energy Corporation and gave the company a “buy” rating in a research note on Monday, July 17th. BMO Capital Markets set a $38.00 price objective on shares of Resolute Energy Corporation and gave the stock a “buy” rating in a research report on Monday, June 26th. Finally, 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. Two research analysts have rated the stock with a sell rating, five have given a hold rating and ten have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $44.99.
Resolute Energy Corporation Company Profile
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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