Resolute Energy Corp Price Target Raised to $9.00 at Barclays (REN)
Barclays upped their price target on shares of Resolute Energy Corp (NYSE:REN) from $8.00 to $9.00 in a research note issued on Wednesday. Barclays’ price target would suggest a potential upside of 15.24% from the stock’s previous close.
REN has been the subject of a number of other recent research reports. Analysts at Global Hunter Securities initiated coverage on shares of Resolute Energy Corp in a research note on Monday, June 23rd. They set a “neutral” rating and a $9.00 price target on the stock. Separately, analysts at SunTrust raised their price target on shares of Resolute Energy Corp from $7.75 to $8.00 in a research note on Thursday, May 15th. Finally, analysts at Capital One Financial Corp. upgraded shares of Resolute Energy Corp to an “overweight” rating in a research note on Wednesday, May 14th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $9.31.
Resolute Energy Corp (NYSE:REN) traded up 0.89% during mid-day trading on Wednesday, hitting $7.92. 641,261 shares of the company’s stock traded hands. Resolute Energy Corp has a 1-year low of $6.45 and a 1-year high of $10.97. The stock’s 50-day moving average is $8.29 and its 200-day moving average is $8.09. The company’s market cap is $590.8 million.
Resolute Energy Corp (NYSE:REN) last issued its quarterly earnings data on Tuesday, May 13th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by $0.04. The company had revenue of $90.88 million for the quarter, compared to the consensus estimate of $88.25 million. During the same quarter in the previous year, the company posted ($0.05) earnings per share. The company’s revenue for the quarter was up 15.2% on a year-over-year basis. Analysts expect that Resolute Energy Corp will post $0.02 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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