Resolute Energy Corporation (NYSE:REN) – Research analysts at Seaport Global Securities boosted their Q3 2017 earnings estimates for Resolute Energy Corporation in a research report issued to clients and investors on Wednesday. Seaport Global Securities analyst M. Kelly now anticipates that the oil and gas exploration company will post earnings per share of $0.73 for the quarter, up from their prior forecast of $0.72. Seaport Global Securities also issued estimates for Resolute Energy Corporation’s Q4 2017 earnings at $1.02 EPS.

A number of other research firms have also weighed in on REN. Imperial Capital initiated coverage on shares of Resolute Energy Corporation in a research note on Tuesday, July 18th. They set an “outperform” rating and a $40.00 price objective for the company. BMO Capital Markets reduced 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 research note on Friday, July 14th. 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 price objective for the company. Zacks Investment Research upgraded shares of Resolute Energy Corporation from a “strong sell” rating to a “hold” rating in a research note on Saturday, August 12th. Finally, Northland Securities set a $60.00 price objective on shares of Resolute Energy Corporation and gave the company a “buy” rating in a research note on Monday, July 17th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and eleven have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $43.45.

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Resolute Energy Corporation (NYSE:REN) opened at 27.24 on Thursday. The firm has a 50-day moving average of $29.08 and a 200-day moving average of $35.61. Resolute Energy Corporation has a 1-year low of $20.47 and a 1-year high of $49.14. The stock’s market capitalization is $600.83 million.

Resolute Energy Corporation (NYSE:REN) last released its quarterly earnings results on Monday, August 7th. The oil and gas exploration company reported $0.47 earnings per share for the quarter, topping the consensus estimate 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. During the same quarter last year, the firm posted ($2.44) earnings per share. The firm’s revenue for the quarter was up 100.8% compared to the same quarter last year.

In other news, Director James E. Duffy sold 3,000 shares of Resolute Energy Corporation stock in a transaction that occurred on 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 document filed with the Securities & Exchange Commission, which is available through this link. Also, Director James E. Duffy sold 1,250 shares of Resolute Energy Corporation stock in a transaction that occurred on 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 own 7.30% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. United Services Automobile Association grew its stake in shares of Resolute Energy Corporation by 189.3% in the first quarter. United Services Automobile Association now owns 286,723 shares of the oil and gas exploration company’s stock worth $11,584,000 after acquiring an additional 187,623 shares during the period. Wells Fargo & Company MN grew its stake in shares of 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 acquiring an additional 79 shares during the period. Segantii Capital Management Ltd grew its stake in shares of Resolute Energy Corporation by 597.4% in the first quarter. Segantii Capital Management Ltd now owns 26,500 shares of the oil and gas exploration company’s stock worth $1,071,000 after acquiring an additional 22,700 shares during the period. Weiss Multi Strategy Advisers LLC bought a new stake in shares of Resolute Energy Corporation in the first quarter worth approximately $7,176,000. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of Resolute Energy Corporation by 1,504.7% in the first quarter. Goldman Sachs Group Inc. now owns 196,013 shares of the oil and gas exploration company’s stock worth $7,919,000 after buying an additional 183,798 shares during the last quarter. Hedge funds and other institutional investors own 93.81% of the company’s stock.

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 and Estimates for Resolute Energy Corporation (NYSE:REN)

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