Resolute Energy Corp. Major Shareholder Sells $1,557,000 in Stock (REN)
Resolute Energy Corp. (NYSE:REN) major shareholder Natural Gas Partners Vii, L.P. unloaded 150,000 shares of Resolute Energy Corp. stock on the open market in a transaction that occurred on Thursday, October 17th. The stock was sold at an average price of $10.38, for a total transaction of $1,557,000.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.
A number of analysts have recently weighed in on REN shares. Analysts at Zacks upgraded shares of Resolute Energy Corp. from a “neutral” rating to an “outperform” rating in a research note to investors on Wednesday, October 9th. They now have a $10.00 price target on the stock. Separately, 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. Finally, 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. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $11.08.
Resolute Energy Corp. (NYSE:REN) traded down 0.19% on Thursday, hitting $10.60. 723,353 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 $8.24 and a 200-day moving average of $8.94. The company has a market cap of $707.9 million and a price-to-earnings ratio of 379.29.
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. On average, analysts predict that Resolute Energy Corp. will post $0.14 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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