Resolute Energy Corporation (REN) Short Interest Up 7.4% in July
Resolute Energy Corporation (NYSE:REN) saw a large growth in short interest during the month of July. As of July 31st, there was short interest totalling 5,617,737 shares, a growth of 7.4% from the July 14th total of 5,228,703 shares. Currently, 30.2% of the shares of the company are sold short. Based on an average daily trading volume, of 628,148 shares, the days-to-cover ratio is currently 8.9 days.
A number of equities research analysts recently issued reports on REN shares. Northland Securities set a $60.00 price objective on Resolute Energy Corporation and gave the company a “buy” rating in a research note on Monday, July 17th. BMO Capital Markets set a $35.00 price objective on Resolute Energy Corporation and gave the company a “buy” rating in a research note on Wednesday, August 16th. SunTrust Banks, Inc. started coverage on Resolute Energy Corporation in a research note on Thursday, June 1st. They issued a “buy” rating and a $55.00 price objective on the stock. BidaskClub upgraded Resolute Energy Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. Finally, Zacks Investment Research upgraded Resolute Energy Corporation from a “strong sell” rating to a “hold” rating in a research note on Saturday, August 12th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $43.45.
Shares of Resolute Energy Corporation (REN) traded up 2.80% during midday trading on Tuesday, hitting $28.24. The stock had a trading volume of 415,933 shares. Resolute Energy Corporation has a 12 month low of $15.70 and a 12 month high of $49.14. The stock’s 50 day moving average price is $30.62 and its 200 day moving average price is $37.64. The firm’s market cap is $622.89 million.
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 for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.25. The company had revenue of $71.06 million for the quarter, compared to analysts’ expectations of $77.09 million. During the same period in the previous year, the firm earned ($2.44) earnings per share. The firm’s quarterly revenue was up 100.8% on a year-over-year basis. On average, equities analysts forecast that Resolute Energy Corporation will post $0.77 EPS for the current fiscal year.
In related news, Director James E. Duffy sold 3,000 shares of the business’s stock in a transaction dated Tuesday, June 20th. The shares were sold at an average price of $30.69, for a total value of $92,070.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 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. 7.30% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Wellington Management Group LLP boosted its position in Resolute Energy Corporation by 68.9% in the first quarter. Wellington Management Group LLP now owns 3,097,194 shares of the oil and gas exploration company’s stock worth $125,127,000 after buying an additional 1,263,959 shares during the last quarter. Vanguard Group Inc. boosted its position in Resolute Energy Corporation by 46.2% in the second quarter. Vanguard Group Inc. now owns 1,495,382 shares of the oil and gas exploration company’s stock worth $44,518,000 after buying an additional 472,759 shares during the last quarter. Franklin Resources Inc. boosted its position in Resolute Energy Corporation by 32.0% in the second quarter. Franklin Resources Inc. now owns 1,719,287 shares of the oil and gas exploration company’s stock worth $51,182,000 after buying an additional 416,802 shares during the last quarter. Caymus Capital Partners L.P. bought a new position in Resolute Energy Corporation during the first quarter worth $16,564,000. Finally, Westwood Holdings Group Inc. bought a new position in Resolute Energy Corporation during the first quarter worth $15,194,000. 89.14% of the stock is currently owned by hedge funds and other institutional investors.
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).
Receive News & Ratings for Resolute Energy Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Resolute Energy Corporation and related companies with MarketBeat.com's FREE daily email newsletter.