Resolute Energy Corp Given Consensus Recommendation of “Buy” by Brokerages (NYSE:REN)
Shares of Resolute Energy Corp (NYSE:REN) have been given a consensus recommendation of “Buy” by the eleven analysts that are presently covering the stock, Analyst Ratings News reports. Three research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $9.31.
Several analysts have recently commented on the stock. Analysts at Barclays raised their price target on shares of Resolute Energy Corp from $8.00 to $9.00 in a research note on Wednesday, July 23rd. Separately, 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. Finally, 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.
Shares of Resolute Energy Corp (NYSE:REN) opened at 7.45 on Monday. Resolute Energy Corp has a 52-week low of $6.45 and a 52-week high of $10.97. The stock has a 50-day moving average of $8.14 and a 200-day moving average of $8.05. The company’s market cap is $555.7 million.
Resolute Energy Corp (NYSE:REN) last posted its quarterly earnings results on Tuesday, May 13th. The company reported ($0.05) earnings per share for the quarter, missing the analysts’ 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 last year, the company posted ($0.05) earnings per share. Resolute Energy Corp’s revenue was up 15.2% compared to the same quarter last year. 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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