The FY2016 EPS Estimates for Resolute Energy Corp. Cut by Analyst (REN)

The FY2016 EPS Estimates for Resolute Energy Corp. Cut by Analyst (REN)

Resolute Energy Corp. (NYSE:REN) – Stock analysts at Capital One Financial Corp. cut their FY2016 earnings per share (EPS) estimates for Resolute Energy Corp. in a report released on Wednesday. Capital One Financial Corp. analyst R. Tullis now expects that the brokerage will post earnings of $0.60 per share for the year, down from their prior forecast of $0.78. Capital One Financial Corp. also issued estimates for Resolute Energy Corp.’s Q4 2016 earnings at $0.20 EPS and FY2017 earnings at ($1.28) EPS.

REN has been the subject of several other research reports. Johnson Rice raised Resolute Energy Corp. from an “accumulate” rating to a “buy” rating in a research report on Monday, July 11th. Zacks Investment Research raised Resolute Energy Corp. from a “hold” rating to a “buy” rating and set a $19.00 target price for the company in a research report on Tuesday, August 16th. Barclays PLC raised Resolute Energy Corp. from an “underweight” rating to an “equal weight” rating and raised their target price for the stock from $4.00 to $8.00 in a research report on Wednesday, July 13th. Wunderlich raised Resolute Energy Corp. from a “hold” rating to a “buy” rating and raised their target price for the stock from $4.00 to $8.00 in a research report on Monday, July 11th. Finally, Northland Securities reaffirmed an “outperform” rating and issued a $35.00 target price (up previously from $12.00) on shares of Resolute Energy Corp. in a research report on Wednesday, September 7th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $34.43.

Shares of Resolute Energy Corp. (NYSE:REN) opened at 29.51 on Friday. Resolute Energy Corp. has a 1-year low of $2.25 and a 1-year high of $31.05. The company’s market capitalization is $450.47 million. The firm has a 50-day moving average of $22.26 and a 200 day moving average of $9.12.

Resolute Energy Corp. (NYSE:REN) last posted its quarterly earnings results on Monday, August 8th. The oil and gas exploration company reported ($2.44) earnings per share for the quarter, missing the consensus estimate of ($0.03) by $2.41. The business had revenue of $35.40 million for the quarter, compared to analysts’ expectations of $51.82 million. During the same period in the prior year, the business posted ($3.46) earnings per share. The company’s quarterly revenue was down 26.9% on a year-over-year basis.

An institutional investor recently bought a new position in Resolute Energy Corp. stock. JPMorgan Chase & Co. bought a new stake in shares of Resolute Energy Corp. (NYSE:REN) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 565,882 shares of the oil and gas exploration company’s stock, valued at approximately $1,681,000. JPMorgan Chase & Co. owned approximately 3.72% of Resolute Energy Corp. as of its most recent filing with the SEC. 39.98% of the stock is owned by institutional investors.

Resolute Energy Corp. Company Profile

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