Resolute Energy Corporation (NYSE:REN) issued its quarterly earnings results on Monday. The oil and gas exploration company reported $0.47 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.25, Briefing.com reports. The business had revenue of $71.06 million during the quarter, compared to analysts’ expectations of $77.09 million. During the same quarter in the previous year, the company posted ($2.44) EPS. The company’s quarterly revenue was up 100.8% on a year-over-year basis.

Shares of Resolute Energy Corporation (NYSE REN) traded down 1.20% on Monday, hitting $29.67. 545,690 shares of the company were exchanged. The firm’s 50-day moving average is $31.42 and its 200-day moving average is $39.30. The stock’s market capitalization is $653.87 million. Resolute Energy Corporation has a 52-week low of $6.42 and a 52-week high of $49.14.

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In related news, SVP Bob D. Brady, Jr. sold 10,000 shares of the business’s stock in a transaction dated Monday, May 22nd. The shares were sold at an average price of $42.56, for a total transaction of $425,600.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director James E. Duffy sold 1,250 shares of the business’s stock in a transaction dated Monday, June 26th. The stock was sold at an average price of $29.91, for a total transaction of $37,387.50. The disclosure for this sale can be found here. Insiders have sold 37,750 shares of company stock worth $1,532,578 over the last 90 days. 7.30% of the stock is currently owned by company insiders.

Institutional investors have recently bought and sold shares of the company. Wells Fargo & Company MN raised its position in Resolute Energy Corporation by 2.6% in the first quarter. Wells Fargo & Company MN now owns 3,079 shares of the oil and gas exploration company’s stock worth $124,000 after buying an additional 79 shares during the last quarter. Tudor Investment Corp ET AL raised its position in Resolute Energy Corporation by 30.8% in the first quarter. Tudor Investment Corp ET AL now owns 6,539 shares of the oil and gas exploration company’s stock worth $264,000 after buying an additional 1,539 shares during the last quarter. California Public Employees Retirement System raised its position in Resolute Energy Corporation by 17.5% in the first quarter. California Public Employees Retirement System now owns 14,800 shares of the oil and gas exploration company’s stock worth $598,000 after buying an additional 2,200 shares during the last quarter. Bank of America Corp DE raised its position in Resolute Energy Corporation by 799.4% in the first quarter. Bank of America Corp DE now owns 4,803 shares of the oil and gas exploration company’s stock worth $194,000 after buying an additional 4,269 shares during the last quarter. Finally, Northpointe Capital LLC acquired a new position in Resolute Energy Corporation during the second quarter worth $152,000. Hedge funds and other institutional investors own 86.52% of the company’s stock.

Several research analysts have commented on the stock. Imperial Capital assumed coverage on shares of Resolute Energy Corporation in a report on Tuesday, July 18th. They set an “outperform” rating and a $40.00 price objective for the company. Northland Securities set a $60.00 price objective on shares of Resolute Energy Corporation and gave the company a “buy” rating in a report on Monday, July 17th. Goldman Sachs Group, Inc. (The) assumed coverage on shares of Resolute Energy Corporation in a report on Monday, July 17th. They set a “neutral” rating and a $34.00 price objective for the company. BMO Capital Markets dropped their price objective on shares of Resolute Energy Corporation from $38.00 to $35.00 and set an “outperform” rating for the company in a report on Friday, July 14th. Finally, BidaskClub raised shares of Resolute Energy Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have assigned a buy rating to the company. The company has an average rating of “Buy” and an average target price of $43.45.

Resolute Energy Corporation Company Profile

Resolute Energy Corporation is an independent oil and gas company. The Company is engaged in the exploitation, development, exploration for and acquisition of oil and gas properties. The Company’s assets are located primarily in the Delaware Basin in west Texas (the Permian Properties or Permian Basin Properties) and Aneth Field located in the Paradox Basin in southeast Utah (the Aneth Field Properties or Aneth Field).

Earnings History for Resolute Energy Corporation (NYSE:REN)

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