Shares of Resolute Energy Corporation (NYSE:REN) have been given a consensus recommendation of “Hold” by the twelve research firms that are presently covering the stock, Marketbeat reports. Two analysts have rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $47.26.

REN has been the topic of a number of analyst reports. 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 upgraded shares of Resolute Energy Corporation from a “strong sell” rating to a “hold” rating in a report on Saturday, August 12th. BMO Capital Markets set a $35.00 price objective on shares of Resolute Energy Corporation and gave the company a “buy” rating in a report on Wednesday, August 16th. ValuEngine lowered shares of Resolute Energy Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, September 6th. Finally, KLR Group reaffirmed a “buy” rating and issued a $64.00 target price (up from $60.00) on shares of Resolute Energy Corporation in a research report on Friday, September 15th.

In other 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 value of $76,100.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 7.30% of the company’s stock.

Several large investors have recently modified their holdings of REN. Wells Fargo & Company MN lifted its stake in shares of 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 during the period. Parametric Portfolio Associates LLC lifted its stake in shares of Resolute Energy Corporation by 6.7% in the second quarter. Parametric Portfolio Associates LLC now owns 7,507 shares of the oil and gas exploration company’s stock valued at $223,000 after purchasing an additional 470 shares during the period. Tudor Investment Corp ET AL lifted its stake in shares of Resolute Energy Corporation by 30.8% in the first 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 purchasing an additional 1,539 shares during the period. California Public Employees Retirement System lifted its stake in shares of Resolute Energy Corporation by 17.5% in the first 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 purchasing an additional 2,200 shares during the period. Finally, UBS Asset Management Americas Inc. lifted its stake in shares of Resolute Energy Corporation by 63.0% in the second quarter. UBS Asset Management Americas Inc. now owns 8,800 shares of the oil and gas exploration company’s stock valued at $262,000 after purchasing an additional 3,400 shares during the period. 93.45% of the stock is currently owned by institutional investors and hedge funds.

Resolute Energy Corporation (NYSE:REN) remained flat at $$26.60 during trading on Thursday. The company had a trading volume of 642,888 shares, compared to its average volume of 746,471. Resolute Energy Corporation has a fifty-two week low of $23.64 and a fifty-two week high of $49.14. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of -8.75.

Resolute Energy Corporation (NYSE:REN) last announced its quarterly earnings data on Monday, November 6th. The oil and gas exploration company reported $0.15 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.36 by ($0.21). The firm had revenue of $81.60 million for the quarter, compared to analyst estimates of $86.76 million. During the same quarter last year, the firm earned ($1.24) EPS. The company’s quarterly revenue was up 72.2% on a year-over-year basis. equities analysts predict that Resolute Energy Corporation will post 0.61 earnings per share for the current year.

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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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