Resolute Energy Corporation (NYSE:REN) – Stock analysts at Imperial Capital dropped their Q3 2017 earnings per share (EPS) estimates for shares of Resolute Energy Corporation in a research report issued to clients and investors on Wednesday. Imperial Capital analyst J. Wangler now expects that the oil and gas exploration company will post earnings of $0.08 per share for the quarter, down from their previous forecast of $0.10. Imperial Capital has a “Outperform” rating and a $40.00 price objective on the stock. Imperial Capital also issued estimates for Resolute Energy Corporation’s Q4 2017 earnings at $0.29 EPS, FY2017 earnings at $0.34 EPS and FY2018 earnings at $2.20 EPS.

Resolute Energy Corporation (NYSE:REN) last released its quarterly earnings results on Monday, August 7th. The oil and gas exploration company reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.25. The firm had revenue of $71.06 million for the quarter, compared to analysts’ expectations of $77.09 million. The firm’s revenue for the quarter was up 100.8% on a year-over-year basis. During the same quarter last year, the firm earned ($2.44) earnings per share. COPYRIGHT VIOLATION NOTICE: “Brokers Issue Forecasts for Resolute Energy Corporation’s Q3 2017 Earnings (REN)” was originally posted by American Banking News and is the property of of American Banking News. If you are reading this report on another domain, it was copied illegally and republished in violation of US and international copyright & trademark legislation. The legal version of this report can be accessed at https://www.americanbankingnews.com/2017/09/08/brokers-issue-forecasts-for-resolute-energy-corporations-q3-2017-earnings-ren.html.

A number of other analysts have also recently issued reports on REN. Zacks Investment Research raised shares of Resolute Energy Corporation from a “strong sell” rating to a “hold” rating in a research note on Saturday, August 12th. BidaskClub raised shares of Resolute Energy Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. Northland Securities set a $60.00 target price on shares of 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 target price on shares of Resolute Energy Corporation and gave the company a “buy” rating in a research note on Wednesday, August 16th. Finally, Goldman Sachs Group, Inc. (The) initiated coverage on shares of Resolute Energy Corporation in a research note on Monday, July 17th. They set a “neutral” rating and a $34.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and eleven have issued a buy rating to the stock. Resolute Energy Corporation has an average rating of “Buy” and an average target price of $43.45.

Resolute Energy Corporation (NYSE REN) opened at 25.53 on Friday. The stock’s market capitalization is $563.12 million. The stock’s 50 day moving average is $29.77 and its 200-day moving average is $36.15. Resolute Energy Corporation has a 52-week low of $17.86 and a 52-week high of $49.14.

Several institutional investors have recently added to or reduced their stakes in REN. Wellington Management Group LLP lifted its holdings in shares of Resolute Energy Corporation by 68.9% in the 1st 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 acquiring an additional 1,263,959 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Resolute Energy Corporation by 46.2% in the 2nd quarter. Vanguard Group Inc. now owns 1,495,382 shares of the oil and gas exploration company’s stock worth $44,518,000 after acquiring an additional 472,759 shares during the last quarter. Franklin Resources Inc. lifted its holdings in shares of Resolute Energy Corporation by 32.0% in the 2nd quarter. Franklin Resources Inc. now owns 1,719,287 shares of the oil and gas exploration company’s stock worth $51,182,000 after acquiring an additional 416,802 shares during the last quarter. Westwood Holdings Group Inc. bought a new stake in shares of Resolute Energy Corporation in the 1st quarter worth about $15,194,000. Finally, Caymus Capital Partners L.P. lifted its holdings in shares of Resolute Energy Corporation by 82.2% in the 2nd quarter. Caymus Capital Partners L.P. now owns 746,900 shares of the oil and gas exploration company’s stock worth $22,235,000 after acquiring an additional 336,900 shares during the last quarter. Hedge funds and other institutional investors own 93.81% of the company’s stock.

In other news, Director James E. Duffy sold 1,250 shares of the firm’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 Securities & Exchange Commission, which is available at the SEC website. Also, Director James E. Duffy sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, June 20th. The stock was sold at an average price of $30.69, for a total transaction of $92,070.00. The disclosure for this sale can be found here. 7.30% of the stock is currently owned by company insiders.

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).

Earnings History and Estimates for Resolute Energy Corporation (NYSE:REN)

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