Resolute Energy Corp. Given New $10.00 Price Target at SunTrust (REN)
Stock analysts at SunTrust upped their target price on shares of Resolute Energy Corp. (NYSE:REN) from $9.00 to $10.00 in a report issued on Friday, American Banking and Market News reports. The firm currently has a “neutral” rating on the stock. SunTrust’s price objective would suggest a potential upside of 4.71% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Northland Securities initiated coverage on shares of Resolute Energy Corp. (NYSE:REN) in a research note to investors on Wednesday, September 18th. They set an “outperform” rating on the stock. Separately, analysts at Northland Capital Partners initiated coverage on shares of Resolute Energy Corp. (NYSE:REN) in a research note to investors on Wednesday, September 18th. They set an “outperform” rating and a $10.50 price target on the stock. Finally, 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. Five research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $11.30.
Shares of Resolute Energy Corp. (NYSE:REN) traded up 1.92% during mid-day trading on Friday, hitting $9.55. 803,600 shares of the company’s stock traded hands. Resolute Energy Corp. has a one year low of $7.41 and a one year high of $11.56. The stock has a 50-day moving average of $8.34 and a 200-day moving average of $8.78. The company has a market cap of $637.8 million and a P/E ratio of 334.64.
Resolute Energy Corp. (NYSE:REN) last released its earnings data on Monday, August 5th. The company reported $0.14 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.37 earnings per share. Resolute Energy Corp.’s revenue was up 38.1% compared to the same quarter last year. Analysts expect that Resolute Energy Corp. will post $0.11 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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