Resolute Energy Corp. Coverage Initiated at Northland Securities (REN)
Equities researchers at Northland Securities started coverage on shares of Resolute Energy Corp. (NYSE:REN) in a research report issued on Wednesday, TheFlyOnTheWall.com reports. The firm set an “outperform” rating on the stock.
A number of other firms have also recently commented on REN. Analysts at Northland Capital Partners initiated coverage on shares of Resolute Energy Corp. (NYSE:REN) in a research note to investors on Wednesday. They set an “outperform” rating and a $10.50 price target on the stock. Separately, analysts at Citigroup Inc. initiated coverage on shares of Resolute Energy Corp. (NYSE:REN) in a research note to investors on Tuesday, July 23rd. They set a “neutral” rating on the stock. Finally, analysts at Sterne Agee reiterated a “neutral” rating on shares of Resolute Energy Corp. (NYSE:REN) in a research note to investors on Friday, June 21st.
Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Resolute Energy Corp. has an average rating of “Buy” and a consensus target price of $11.10.
Shares of Resolute Energy Corp. (NYSE:REN) opened at 8.56 on Wednesday. Resolute Energy Corp. has a 1-year low of $7.41 and a 1-year high of $11.56. The stock’s 50-day moving average is $8.26 and its 200-day moving average is $8.91. The company has a market cap of $571.6 million and a price-to-earnings ratio of 305.71.
Resolute Energy Corp. (NYSE:REN) last issued its quarterly earnings data on Monday, August 5th. The company reported $0.14 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.02 by $0.12. The company had revenue of $89.12 million for the quarter, compared to the consensus estimate of $88.50 million. During the same quarter in the prior year, the company posted $0.37 earnings per share. The company’s quarterly revenue was up 38.1% on a year-over-year basis. Analysts expect that Resolute Energy Corp. will post $0.08 EPS for the current fiscal year.
Resolute Energy Corporation is an independent oil and gas company engaged in the exploitation, development, exploration for and acquisition of oil and gas properties.
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