Resolute Energy Corp’s “Neutral” Rating Reaffirmed at Citigroup Inc. (REN)
Resolute Energy Corp (NYSE:REN)‘s stock had its “neutral” rating restated by equities researchers at Citigroup Inc. in a research report issued on Wednesday. They currently have a $8.20 target price on the stock, down from their previous target price of $8.40. Citigroup Inc.’s price target indicates a potential upside of 10.36% from the company’s current price.
REN has been the subject of a number of other recent research reports. 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. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Resolute Energy Corp presently has a consensus rating of “Buy” and a consensus price target of $8.94.
Shares of Resolute Energy Corp (NYSE:REN) traded down 2.14% on Wednesday, hitting $7.271. The stock had a trading volume of 291,595 shares. Resolute Energy Corp has a 1-year low of $6.45 and a 1-year high of $10.97. The stock has a 50-day moving average of $7.91 and a 200-day moving average of $8.00. The company’s market cap is $566.4 million.
Resolute Energy Corp (NYSE:REN) last released its earnings data on Monday, August 11th. The company reported ($0.22) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by $0.23. 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. On average, analysts predict that Resolute Energy Corp will post $0.02 earnings per share 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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