VR Advisory Services Ltd grew its stake in Resolute Energy Corp (NYSE:REN) by 68.6% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 983,000 shares of the oil and gas exploration company’s stock after acquiring an additional 400,000 shares during the period. Resolute Energy comprises 17.9% of VR Advisory Services Ltd’s investment portfolio, making the stock its 3rd biggest holding. VR Advisory Services Ltd owned approximately 4.24% of Resolute Energy worth $34,061,000 as of its most recent filing with the SEC.

Several other institutional investors also recently added to or reduced their stakes in the company. Wells Fargo & Company MN raised its stake in shares of Resolute Energy by 4.2% in the 1st quarter. Wells Fargo & Company MN now owns 49,652 shares of the oil and gas exploration company’s stock valued at $1,720,000 after acquiring an additional 2,016 shares during the period. Brown Advisory Inc. raised its stake in shares of Resolute Energy by 26.2% in the 4th quarter. Brown Advisory Inc. now owns 9,894 shares of the oil and gas exploration company’s stock valued at $311,000 after acquiring an additional 2,052 shares during the period. Swiss National Bank raised its stake in shares of Resolute Energy by 9.2% in the 4th quarter. Swiss National Bank now owns 31,000 shares of the oil and gas exploration company’s stock valued at $976,000 after acquiring an additional 2,600 shares during the period. Schwab Charles Investment Management Inc. raised its stake in shares of Resolute Energy by 3.7% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 106,410 shares of the oil and gas exploration company’s stock valued at $3,688,000 after acquiring an additional 3,800 shares during the period. Finally, First Republic Investment Management Inc. raised its stake in shares of Resolute Energy by 4.2% in the 1st quarter. First Republic Investment Management Inc. now owns 113,467 shares of the oil and gas exploration company’s stock valued at $3,932,000 after acquiring an additional 4,534 shares during the period.

Shares of REN opened at $30.58 on Thursday. Resolute Energy Corp has a fifty-two week low of $23.64 and a fifty-two week high of $38.64. The company has a market cap of $751.97 million, a P/E ratio of 509.67 and a beta of 3.32. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of -6.88.

Resolute Energy (NYSE:REN) last announced its earnings results on Monday, May 7th. The oil and gas exploration company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.28). Resolute Energy had a negative return on equity of 37.53% and a negative net margin of 5.72%. The business had revenue of $74.70 million for the quarter, compared to analysts’ expectations of $73.17 million. During the same period in the previous year, the company earned $0.01 earnings per share. Resolute Energy’s quarterly revenue was up 15.6% on a year-over-year basis. research analysts forecast that Resolute Energy Corp will post 2.91 earnings per share for the current fiscal year.

In other Resolute Energy news, insider Nicholas J. Sutton sold 55,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 29th. The shares were sold at an average price of $33.56, for a total transaction of $1,845,800.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Richard F. Betz purchased 3,500 shares of the stock in a transaction on Tuesday, June 5th. The shares were purchased at an average price of $29.00 per share, with a total value of $101,500.00. The disclosure for this purchase can be found here. 11.20% of the stock is owned by corporate insiders.

A number of equities research analysts have recently issued reports on the stock. Goldman Sachs Group downgraded shares of Resolute Energy from a “buy” rating to a “neutral” rating and set a $39.00 price target on the stock. in a research note on Thursday, April 12th. SunTrust Banks set a $44.00 price target on shares of Resolute Energy and gave the company a “buy” rating in a research note on Wednesday, March 14th. Zacks Investment Research raised shares of Resolute Energy from a “sell” rating to a “hold” rating in a research note on Saturday, March 3rd. Northland Securities set a $45.00 target price on shares of Resolute Energy and gave the stock a “buy” rating in a research note on Wednesday, March 14th. Finally, Seaport Global Securities downgraded shares of Resolute Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, April 3rd. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the stock. Resolute Energy currently has a consensus rating of “Hold” and an average target price of $43.11.

About Resolute Energy

Resolute Energy Corporation, an independent oil and gas company, engages in the acquisition, exploitation, exploration for, and development of oil and gas properties in the United States. Its principal project area is located in the Delaware Basin portion of the Permian Basin, Reeves County. As of December 31, 2017, it had interests in approximately 27,100 gross acres located in the Permian Basin of Texas; and its estimated net proved reserves were approximately 53.4 million barrels of oil equivalent.

Institutional Ownership by Quarter for Resolute Energy (NYSE:REN)

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