Resolute Energy (NYSE:REN)‘s stock had its “hold” rating reaffirmed by analysts at BMO Capital Markets in a research note issued on Tuesday. They currently have a $33.00 price target on the oil and gas exploration company’s stock. BMO Capital Markets’ target price suggests a potential upside of 16.65% from the stock’s current price.

A number of other equities research analysts also recently weighed in on the company. ValuEngine downgraded Resolute Energy from a “hold” rating to a “sell” rating in a report on Thursday, August 23rd. Seaport Global Securities reissued a “hold” rating and set a $35.00 target price on shares of Resolute Energy in a report on Wednesday, November 7th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $38.38.

REN opened at $28.29 on Tuesday. Resolute Energy has a fifty-two week low of $24.60 and a fifty-two week high of $39.28. The firm has a market cap of $685.66 million, a PE ratio of 471.50 and a beta of 3.46.

Resolute Energy (NYSE:REN) last posted its earnings results on Monday, November 5th. The oil and gas exploration company reported $0.48 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.71 by ($0.23). Resolute Energy had a negative return on equity of 22.38% and a negative net margin of 10.10%. The firm had revenue of $106.75 million for the quarter, compared to analyst estimates of $104.54 million. Research analysts forecast that Resolute Energy will post 1.64 EPS for the current fiscal year.

In related news, Director James E. Duffy sold 1,000 shares of the firm’s stock in a transaction on Tuesday, September 11th. The stock was sold at an average price of $32.35, for a total value of $32,350.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, major shareholder Kemc Fund Iv Gp, Llc purchased 62,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 13th. The stock was bought at an average price of $29.63 per share, for a total transaction of $1,837,060.00. The disclosure for this purchase can be found here. In the last three months, insiders have bought 803,690 shares of company stock valued at $21,467,342 and have sold 2,328 shares valued at $73,015. 11.20% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. MetLife Investment Advisors LLC increased its position in shares of Resolute Energy by 55.6% in the third quarter. MetLife Investment Advisors LLC now owns 17,210 shares of the oil and gas exploration company’s stock worth $651,000 after purchasing an additional 6,147 shares during the period. United Services Automobile Association increased its position in shares of Resolute Energy by 6.9% in the third quarter. United Services Automobile Association now owns 463,281 shares of the oil and gas exploration company’s stock worth $17,517,000 after purchasing an additional 29,730 shares during the period. Richard Bernstein Advisors LLC increased its position in shares of Resolute Energy by 22.5% in the third quarter. Richard Bernstein Advisors LLC now owns 225,017 shares of the oil and gas exploration company’s stock worth $8,508,000 after purchasing an additional 41,319 shares during the period. BlackRock Inc. increased its position in shares of Resolute Energy by 0.3% in the third quarter. BlackRock Inc. now owns 1,476,348 shares of the oil and gas exploration company’s stock worth $55,820,000 after purchasing an additional 4,507 shares during the period. Finally, Alliancebernstein L.P. increased its position in shares of Resolute Energy by 19.7% in the third quarter. Alliancebernstein L.P. now owns 31,360 shares of the oil and gas exploration company’s stock worth $1,186,000 after purchasing an additional 5,160 shares during the period.

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.

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Analyst Recommendations for Resolute Energy (NYSE:REN)

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