ValuEngine upgraded shares of Resolute Energy (NYSE:REN) from a strong sell rating to a sell rating in a report issued on Friday morning.

A number of other equities analysts have also commented on the company. SunTrust Banks lowered Resolute Energy from a buy rating to a hold rating and set a $41.00 price objective on the stock. in a research note on Monday, April 16th. Goldman Sachs Group lowered Resolute Energy from a buy rating to a neutral rating and set a $39.00 price objective on the stock. in a research note on Thursday, April 12th. Two analysts have rated the stock with a sell rating, six have given a hold rating and four 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 $43.11.

Shares of NYSE:REN opened at $30.25 on Friday. Resolute Energy has a fifty-two week low of $23.64 and a fifty-two week high of $38.64. The firm has a market capitalization of $694.98 million, a price-to-earnings ratio of 504.17 and a beta of 3.35. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of -6.88.

In other Resolute Energy news, Director James E. Duffy sold 2,000 shares of the business’s stock in a transaction on Wednesday, June 27th. The stock was sold at an average price of $33.65, for a total value of $67,300.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Nicholas J. Sutton sold 55,000 shares of the business’s stock in a transaction on Tuesday, May 29th. The stock was sold at an average price of $33.56, for a total value of $1,845,800.00. The disclosure for this sale can be found here. 11.20% of the stock is currently owned by insiders.

A number of institutional investors have recently bought and sold shares of REN. Sei Investments Co. lifted its stake in shares of Resolute Energy by 63.2% during the second quarter. Sei Investments Co. now owns 40,255 shares of the oil and gas exploration company’s stock valued at $1,256,000 after acquiring an additional 15,590 shares during the period. Penn Capital Management Co. Inc. lifted its stake in shares of Resolute Energy by 17.2% during the second quarter. Penn Capital Management Co. Inc. now owns 480,546 shares of the oil and gas exploration company’s stock valued at $15,010,000 after acquiring an additional 70,468 shares during the period. Brown Advisory Inc. lifted its stake in shares of Resolute Energy by 90.1% during the first quarter. Brown Advisory Inc. now owns 18,805 shares of the oil and gas exploration company’s stock valued at $652,000 after acquiring an additional 8,911 shares during the period. WINTON GROUP Ltd acquired a new position in shares of Resolute Energy during the first quarter valued at $907,000. Finally, Wexford Capital LP acquired a new position in shares of Resolute Energy during the first quarter valued at $8,155,000.

Resolute Energy Company Profile

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.

Further Reading: Closed-End Mutual Funds (CEFs)

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Analyst Recommendations for Resolute Energy (NYSE:REN)

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