Share on StockTwits

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.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.