Zacks Upgrades Resolute Energy Corp. to “Outperform” (REN)
Resolute Energy Corp. (NYSE:REN) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a report released on Wednesday, Analyst Ratings.Net reports. The firm currently has a $10.00 target price on the stock. Zacks‘ price target would indicate a potential upside of 8.93% from the stock’s previous close.
REN has been the subject of a number of other recent research reports. Analysts at SunTrust raised their price target on shares of Resolute Energy Corp. from $9.00 to $10.00 in a research note to investors on Friday, October 4th. They now have a “neutral” rating on the stock. Separately, analysts at Northland Securities initiated coverage on shares of Resolute Energy Corp. in a research note to investors on Wednesday, September 18th. They set an “outperform” rating on the stock. Finally, analysts at Northland Capital Partners initiated coverage on shares of Resolute Energy Corp. in a research note to investors on Wednesday, September 18th. They set an “outperform” rating and a $10.50 price target on the stock. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $11.08.
Shares of Resolute Energy Corp. (NYSE:REN) traded down 0.22% during mid-day trading on Wednesday, hitting $9.16. 201,653 shares of the company’s stock traded hands. Resolute Energy Corp. has a 52 week low of $7.41 and a 52 week high of $11.56. The stock has a 50-day moving average of $8.45 and a 200-day moving average of $8.70. The company has a market cap of $611.7 million and a price-to-earnings ratio of 327.86.
Resolute Energy Corp. (NYSE:REN) last released its 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. On average, analysts predict that Resolute Energy Corp. will post $0.12 earnings per share 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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