Resolute Energy Corp Given Average Recommendation of “Buy” by Brokerages (NYSE:REN)
Resolute Energy Corp (NYSE:REN) has been given a consensus rating of “Buy” by the ten analysts that are presently covering the company, AnalystRatingsNetwork reports. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $8.98.
A number of research firms have recently commented on REN. 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 7.47 on Monday. 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 $8.00 and its 200-day moving average is $8.03. The company’s market cap is $557.2 million.
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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