Investment analysts at Seaport Global Securities began coverage on shares of Resolute Energy Corp. (NYSE:REN) in a report issued on Wednesday. The brokerage set a “buy” rating and a $45.00 price target on the oil and gas exploration company’s stock. Seaport Global Securities’ price target points to a potential upside of 52.49% from the stock’s current price.
A number of other equities research analysts also recently commented on REN. Barclays PLC lifted their target price on Resolute Energy Corp. from $1.00 to $4.00 and gave the company an “underweight” rating in a research report on Tuesday, June 14th. Wunderlich upgraded Resolute Energy Corp. from a “hold” rating to a “buy” rating and lifted their target price for the company from $4.00 to $8.00 in a research report on Monday, July 11th. Johnson Rice upgraded Resolute Energy Corp. from an “accumulate” rating to a “buy” rating in a research report on Monday, July 11th. Northland Securities restated 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. Finally, Zacks Investment Research upgraded Resolute Energy Corp. from a “hold” rating to a “buy” rating and set a $29.00 target price on the stock in a research report on Tuesday. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $34.43.
Shares of Resolute Energy Corp. (NYSE:REN) traded down 0.57% during midday trading on Wednesday, reaching $29.51. The company had a trading volume of 947,107 shares. Resolute Energy Corp. has a 52 week low of $2.25 and a 52 week high of $31.05. The company’s market capitalization is $450.47 million. The company’s 50 day moving average price is $22.26 and its 200-day moving average price is $9.12.
Resolute Energy Corp. (NYSE:REN) last announced its quarterly earnings data on Monday, August 8th. The oil and gas exploration company reported ($2.44) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.03) by $2.41. The company earned $35.40 million during the quarter, compared to analysts’ expectations of $51.82 million. During the same quarter last year, the firm posted ($3.46) EPS. The business’s quarterly revenue was down 26.9% compared to the same quarter last year. On average, equities research analysts predict that Resolute Energy Corp. will post $0.72 earnings per share for the current fiscal year.
A hedge fund recently raised its stake in Resolute Energy Corp. stock. Spark Investment Management LLC boosted its stake in shares of Resolute Energy Corp. (NYSE:REN) by 666.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 500,100 shares of the oil and gas exploration company’s stock after buying an additional 434,842 shares during the period. Spark Investment Management LLC owned about 0.66% of Resolute Energy Corp. worth $255,000 at the end of the most recent quarter. 39.98% of the stock is owned by institutional investors.
About Resolute Energy Corp.