Barclays restated their buy rating on shares of Resolute Energy (NYSE:REN) in a research report released on Sunday morning. The brokerage currently has a $36.00 target price on the oil and gas exploration company’s stock.

Other analysts have also recently issued reports about the stock. Northland Securities set a $40.00 price target on shares of Resolute Energy and gave the company a buy rating in a research note on Monday, December 11th. Goldman Sachs Group set a $37.00 price target on shares of Resolute Energy and gave the company a buy rating in a research note on Wednesday, December 6th. BMO Capital Markets set a $35.00 price target on shares of Resolute Energy and gave the company a hold rating in a research note on Tuesday, October 24th. Imperial Capital reissued a buy rating and set a $50.00 price target on shares of Resolute Energy in a research note on Monday, September 18th. Finally, SunTrust Banks reissued a buy rating on shares of Resolute Energy in a research note on Friday, November 10th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company’s stock. The company currently has an average rating of Hold and an average target price of $45.29.

Shares of Resolute Energy (NYSE REN) opened at $31.28 on Friday. The company has a debt-to-equity ratio of -8.75, a quick ratio of 0.42 and a current ratio of 0.42. The firm has a market cap of $703.92, a PE ratio of -23.00 and a beta of 3.43. Resolute Energy has a 52 week low of $23.64 and a 52 week high of $49.14.

Resolute Energy (NYSE:REN) last issued 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 Thomson Reuters’ consensus estimate of $0.36 by ($0.21). The business had revenue of $81.60 million for the quarter, compared to analysts’ expectations of $86.76 million. The company’s revenue was up 72.2% on a year-over-year basis. During the same quarter last year, the company earned ($1.24) earnings per share. sell-side analysts predict that Resolute Energy will post 0.6 EPS for the current fiscal year.

In other Resolute Energy news, Director James E. Duffy sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $27.99, for a total value of $69,975.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Nicholas J. Sutton sold 9,999 shares of the firm’s stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $27.29, for a total transaction of $272,872.71. The disclosure for this sale can be found here. Insiders have sold 16,999 shares of company stock worth $466,578 over the last three months. 7.30% of the stock is owned by insiders.

Hedge funds have recently made changes to their positions in the business. Bank of America Corp DE boosted its stake in Resolute Energy 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 acquiring an additional 4,269 shares during the last quarter. Legal & General Group Plc bought a new position in Resolute Energy in the second quarter valued at approximately $168,000. Parametric Portfolio Associates LLC boosted its stake in Resolute Energy 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 acquiring an additional 470 shares during the last quarter. Brown Advisory Inc. bought a new position in Resolute Energy in the third quarter valued at approximately $233,000. Finally, UBS Asset Management Americas Inc. boosted its stake in Resolute Energy 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 acquiring an additional 3,400 shares during the last quarter. 97.76% of the stock is currently owned by hedge funds and other institutional investors.

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Resolute Energy 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).

Analyst Recommendations for Resolute Energy (NYSE:REN)

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