Resolute Energy Corp (NYSE:REN) – Analysts at Seaport Global Securities raised their Q3 2018 earnings per share (EPS) estimates for shares of Resolute Energy in a research report issued on Monday, August 27th. Seaport Global Securities analyst M. Kelly now forecasts that the oil and gas exploration company will earn $1.11 per share for the quarter, up from their prior estimate of $1.04. Seaport Global Securities also issued estimates for Resolute Energy’s Q4 2018 earnings at $1.31 EPS, Q1 2019 earnings at $1.54 EPS, Q2 2019 earnings at $1.73 EPS, Q3 2019 earnings at $1.99 EPS, Q4 2019 earnings at $2.44 EPS and FY2019 earnings at $7.71 EPS.

Resolute Energy (NYSE:REN) last released its earnings results on Monday, August 6th. The oil and gas exploration company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.26). Resolute Energy had a negative return on equity of 16.12% and a negative net margin of 10.99%. The firm had revenue of $73.38 million for the quarter, compared to the consensus estimate of $76.24 million. During the same period in the prior year, the business earned $0.47 EPS. The company’s quarterly revenue was up 4.4% on a year-over-year basis.

Separately, ValuEngine cut Resolute Energy from a “hold” rating to a “sell” rating in a research report on Monday, July 16th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $43.11.

NYSE:REN opened at $30.85 on Wednesday. The company has a debt-to-equity ratio of -8.08, a quick ratio of 0.35 and a current ratio of 0.35. Resolute Energy has a 52 week low of $23.64 and a 52 week high of $38.64. The company has a market cap of $720.71 million, a price-to-earnings ratio of 63.49 and a beta of 3.35.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Monarch Alternative Capital LP increased its position in Resolute Energy by 3.4% in the 2nd quarter. Monarch Alternative Capital LP now owns 2,268,400 shares of the oil and gas exploration company’s stock valued at $70,774,000 after acquiring an additional 75,000 shares during the period. BlackRock Inc. increased its position in Resolute Energy by 5.7% in the 2nd quarter. BlackRock Inc. now owns 1,471,841 shares of the oil and gas exploration company’s stock valued at $45,922,000 after acquiring an additional 78,785 shares during the period. Cardinal Capital Management LLC CT increased its position in Resolute Energy by 69.0% in the 1st quarter. Cardinal Capital Management LLC CT now owns 1,074,687 shares of the oil and gas exploration company’s stock valued at $37,238,000 after acquiring an additional 438,649 shares during the period. VR Advisory Services Ltd increased its position in shares of Resolute Energy by 68.6% during the 1st quarter. VR Advisory Services Ltd now owns 983,000 shares of the oil and gas exploration company’s stock valued at $34,061,000 after purchasing an additional 400,000 shares during the period. Finally, Carmignac Gestion acquired a new position in shares of Resolute Energy during the 1st quarter valued at $18,711,000.

In related news, CEO Richard F. Betz purchased 3,500 shares of the company’s stock in a transaction dated Tuesday, June 5th. The shares were acquired at an average cost of $29.00 per share, for a total transaction of $101,500.00. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director James E. Duffy sold 2,000 shares of the stock in a transaction that occurred on Wednesday, June 27th. The stock was sold at an average price of $33.65, for a total value of $67,300.00. The disclosure for this sale can be found here. Insiders have sold a total of 3,328 shares of company stock worth $107,965 over the last quarter. Insiders own 11.20% of the company’s stock.

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.

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Earnings History and Estimates for Resolute Energy (NYSE:REN)

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