Resolute Energy Corp (REN) Releases Quarterly Earnings Results
Resolute Energy Corp (NYSE:REN) issued its quarterly earnings data on Monday. The company reported ($0.22) EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.01 by $0.23, ARN reports. The company had revenue of $88.46 million for the quarter, compared to the consensus estimate of $93.00 million. During the same quarter in the prior year, the company posted $0.01 earnings per share. The company’s quarterly revenue was down .7% on a year-over-year basis.
A number of analysts have recently weighed in on REN shares. 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. On a related note, 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. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $8.98.
Resolute Energy Corp (NYSE:REN) traded up 1.29% during mid-day trading on Monday, hitting $7.87. The stock had a trading volume of 556,563 shares. Resolute Energy Corp has a one year low of $6.45 and a one year high of $10.97. The stock has a 50-day moving average of $7.95 and a 200-day moving average of $8.01. The company’s market cap is $587.1 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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