Resolute Energy Corporation (NYSE:REN) – Seaport Global Securities decreased their Q1 2018 earnings per share (EPS) estimates for shares of Resolute Energy Corporation in a research note issued to investors on Wednesday. Seaport Global Securities analyst M. Kelly now forecasts that the oil and gas exploration company will earn $0.22 per share for the quarter, down from their prior forecast of $0.27. Seaport Global Securities also issued estimates for Resolute Energy Corporation’s Q2 2018 earnings at $0.12 EPS, Q3 2018 earnings at $0.82 EPS, Q4 2018 earnings at $0.93 EPS and FY2018 earnings at $2.09 EPS.

REN has been the subject of several other reports. BMO Capital Markets set a $38.00 price objective on Resolute Energy Corporation and gave the company a “buy” rating in a report on Monday, June 26th. BidaskClub lowered Resolute Energy Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, August 8th. Zacks Investment Research lowered Resolute Energy Corporation from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 12th. SunTrust Banks, Inc. began coverage on Resolute Energy Corporation in a report on Thursday, June 1st. They issued a “buy” rating and a $55.00 price objective for the company. Finally, ValuEngine lowered Resolute Energy Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, September 6th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and eleven have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $43.45.

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Shares of Resolute Energy Corporation (NYSE REN) traded up 6.49% during mid-day trading on Friday, hitting $29.36. The company had a trading volume of 597,775 shares. The stock’s market cap is $647.59 million. The stock’s 50-day moving average is $28.71 and its 200-day moving average is $35.49. Resolute Energy Corporation has a 52-week low of $20.47 and a 52-week high of $49.14.

Resolute Energy Corporation (NYSE:REN) last announced its earnings results on Monday, August 7th. The oil and gas exploration company reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.25. The firm had revenue of $71.06 million during the quarter, compared to analyst estimates of $77.09 million. The firm’s revenue for the quarter was up 100.8% compared to the same quarter last year. During the same period last year, the company earned ($2.44) earnings per share.

In other news, Director James E. Duffy sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 20th. The stock was sold at an average price of $30.69, for a total transaction of $92,070.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James E. Duffy sold 1,250 shares of the company’s stock in a transaction that occurred on Monday, June 26th. The shares were sold at an average price of $29.91, for a total value of $37,387.50. The disclosure for this sale can be found here. 7.30% of the stock is currently owned by corporate insiders.

Several large investors have recently bought and sold shares of the company. Wellington Management Group LLP grew its holdings in shares of Resolute Energy Corporation by 68.9% during the first quarter. Wellington Management Group LLP now owns 3,097,194 shares of the oil and gas exploration company’s stock valued at $125,127,000 after purchasing an additional 1,263,959 shares during the last quarter. Franklin Resources Inc. grew its holdings in shares of Resolute Energy Corporation by 32.0% during the second quarter. Franklin Resources Inc. now owns 1,719,287 shares of the oil and gas exploration company’s stock valued at $51,182,000 after purchasing an additional 416,802 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Resolute Energy Corporation by 46.2% during the second quarter. Vanguard Group Inc. now owns 1,495,382 shares of the oil and gas exploration company’s stock valued at $44,518,000 after purchasing an additional 472,759 shares during the last quarter. State Street Corp grew its holdings in shares of Resolute Energy Corporation by 8.0% during the second quarter. State Street Corp now owns 1,088,191 shares of the oil and gas exploration company’s stock valued at $32,396,000 after purchasing an additional 80,369 shares during the last quarter. Finally, Caymus Capital Partners L.P. grew its holdings in shares of Resolute Energy Corporation by 82.2% during the second quarter. Caymus Capital Partners L.P. now owns 746,900 shares of the oil and gas exploration company’s stock valued at $22,235,000 after purchasing an additional 336,900 shares during the last quarter. 93.81% of the stock is owned by 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).

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

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