Resolute Energy Corporation (NYSE:REN) received a $35.00 target price from equities researchers at BMO Capital Markets in a research note issued to investors on Wednesday. The brokerage presently has a “buy” rating on the oil and gas exploration company’s stock. BMO Capital Markets’ price target points to a potential upside of 28.77% from the stock’s current price.

Other analysts have also issued reports about the stock. Goldman Sachs Group, Inc. (The) started coverage on shares of Resolute Energy Corporation in a research report on Monday, July 17th. They set a “neutral” rating and a $34.00 target price on the stock. BidaskClub upgraded shares of Resolute Energy Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. Zacks Investment Research lowered shares of Resolute Energy Corporation from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 12th. Imperial Capital started coverage on shares of Resolute Energy Corporation in a research report on Tuesday, July 18th. They set an “outperform” rating and a $40.00 target price on the stock. Finally, SunTrust Banks, Inc. started coverage on shares of Resolute Energy Corporation in a research report on Thursday, June 1st. They set a “buy” rating and a $55.00 target price on the stock. One 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’s stock. The company currently has a consensus rating of “Buy” and an average price target of $43.45.

Shares of Resolute Energy Corporation (NYSE REN) traded down 1.43% during trading on Wednesday, reaching $26.79. 500,914 shares of the company’s stock were exchanged. The company’s market capitalization is $590.91 million. The company has a 50 day moving average price of $30.81 and a 200-day moving average price of $38.09. Resolute Energy Corporation has a 52-week low of $15.70 and a 52-week high of $49.14.

Resolute Energy Corporation (NYSE:REN) last posted its quarterly earnings data on Monday, August 7th. The oil and gas exploration company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.25. The company had revenue of $71.06 million for the quarter, compared to the consensus estimate of $77.09 million. During the same quarter in the previous year, the firm posted ($2.44) EPS. The business’s revenue for the quarter was up 100.8% compared to the same quarter last year. On average, equities analysts forecast that Resolute Energy Corporation will post $0.71 earnings per share for the current year.

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In other Resolute Energy Corporation news, Director James E. Duffy sold 1,250 shares of the business’s stock in a transaction dated Monday, June 26th. The shares were sold at an average price of $29.91, for a total value of $37,387.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, 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 disclosure for this sale can be found here. Over the last 90 days, insiders sold 37,750 shares of company stock worth $1,532,578. Company insiders own 7.30% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in REN. Guggenheim Capital LLC purchased a new position in Resolute Energy Corporation during the fourth quarter worth approximately $464,000. Norges Bank purchased a new position in Resolute Energy Corporation during the fourth quarter worth approximately $2,416,000. Nationwide Fund Advisors purchased a new position in Resolute Energy Corporation during the first quarter worth approximately $432,000. Mesirow Financial Investment Management Equity Management purchased a new position in Resolute Energy Corporation during the first quarter worth approximately $405,000. Finally, First Mercantile Trust Co. purchased a new position in Resolute Energy Corporation during the first quarter worth approximately $292,000. Hedge funds and other institutional investors own 89.14% of the company’s stock.

About Resolute Energy Corporation

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).

Analyst Recommendations for Resolute Energy Corporation (NYSE:REN)

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