Today: Today, Resolute Energy Corp. (REN) gets Hold status at Vetr Inc.

Today, Resolute Energy Corp. (REN) gets Hold status at Vetr Inc.

Vetr downgraded shares of Resolute Energy Corp. (NYSE:REN) from a strong-buy rating to a hold rating in a report published on Monday. They currently have $34.90 price target on the oil and gas exploration company’s stock.

REN has been the topic of several other reports. Northland Securities reiterated an outperform rating and issued a $35.00 target price (up from $12.00) on shares of Resolute Energy Corp. in a research note on Wednesday, September 7th. Wunderlich increased their target price on shares of Resolute Energy Corp. from $15.00 to $25.00 and gave the stock a buy rating in a research note on Monday, August 22nd. Barclays PLC reiterated an equal weight rating and issued a $28.00 target price (up from $5.00) on shares of Resolute Energy Corp. in a research note on Friday, September 16th. Zacks Investment Research cut shares of Resolute Energy Corp. from a buy rating to a hold rating in a research note on Tuesday, August 23rd. Finally, Wells Fargo & Co. reiterated a hold rating on shares of Resolute Energy Corp. in a research note on Wednesday, November 9th. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company has an average rating of Buy and an average target price of $34.49.

Resolute Energy Corp. (NYSE:REN) opened at 32.10 on Monday. The stock’s 50 day moving average is $29.25 and its 200-day moving average is $15.33. The firm’s market cap is $490.49 million. Resolute Energy Corp. has a one year low of $2.25 and a one year high of $35.00.

Resolute Energy Corp. (NYSE:REN) last posted its earnings results on Monday, November 7th. The oil and gas exploration company reported ($1.24) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by $1.53. The business had revenue of $47.42 million for the quarter, compared to analyst estimates of $63.08 million. During the same quarter in the previous year, the company earned ($2.44) EPS. Resolute Energy Corp.’s quarterly revenue was up 29.6% on a year-over-year basis. On average, equities research analysts expect that Resolute Energy Corp. will post ($5.75) earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Acadian Asset Management LLC bought a new position in shares of Resolute Energy Corp. during the third quarter worth about $112,000. Acrospire Investment Management LLC boosted its position in shares of Resolute Energy Corp. by 125.0% in the third quarter. Acrospire Investment Management LLC now owns 4,500 shares of the oil and gas exploration company’s stock worth $117,000 after buying an additional 2,500 shares during the period. BlackRock Group LTD bought a new position in shares of Resolute Energy Corp. during the third quarter worth about $140,000. Highbridge Capital Management LLC bought a new position in shares of Resolute Energy Corp. during the third quarter worth about $294,000. Finally, Two Sigma Advisers LP bought a new position in shares of Resolute Energy Corp. during the third quarter worth about $334,000. 34.10% of the stock is currently owned by hedge funds and other institutional investors.

Resolute Energy Corp. 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. Its properties are Aneth Field located in the Paradox Basin in southeast Utah (the Aneth Field Properties or Aneth Field), and the Permian Basin in Texas and southeast New Mexico (the Permian Properties or Permian Basin Properties).

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