Resolute Energy Corporation (NYSE:REN)‘s stock had its “buy” rating reiterated by investment analysts at KLR Group in a research report issued on Friday, The Fly reports. They presently have a $64.00 price target on the oil and gas exploration company’s stock, up from their prior price target of $60.00. KLR Group’s price objective points to a potential upside of 132.22% from the company’s current price.

A number of other brokerages also recently weighed in on REN. Northland Securities set a $60.00 price target on shares of Resolute Energy Corporation and gave the stock a “buy” rating in a report on Monday, July 17th. BMO Capital Markets set a $35.00 price target on shares of Resolute Energy Corporation and gave the stock a “buy” rating in a report on Wednesday, August 16th. SunTrust Banks, Inc. assumed coverage on shares of Resolute Energy Corporation in a report on Thursday, June 1st. They set a “buy” rating and a $55.00 price target for the company. BidaskClub raised shares of Resolute Energy Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. Finally, Zacks Investment Research raised shares of Resolute Energy Corporation from a “strong sell” rating to a “hold” rating in a report on Saturday, August 12th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and eleven have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $44.22.

Resolute Energy Corporation (NYSE REN) traded up 8.796% during trading on Friday, reaching $29.995. 1,058,181 shares of the company’s stock traded hands. Resolute Energy Corporation has a 12 month low of $20.47 and a 12 month high of $49.14. The firm has a 50 day moving average price of $28.71 and a 200-day moving average price of $35.49. The firm’s market cap is $661.60 million.

Resolute Energy Corporation (NYSE:REN) last released its quarterly earnings data 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 analyst estimates of $77.09 million. During the same quarter in the prior year, the firm earned ($2.44) earnings per share. The firm’s revenue for the quarter was up 100.8% on a year-over-year basis. On average, analysts forecast that Resolute Energy Corporation will post $0.89 earnings per share for the current fiscal year.

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In other news, Director James E. Duffy sold 1,250 shares of the stock in a transaction on Monday, June 26th. The shares were sold at an average price of $29.91, for a total transaction of $37,387.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James E. Duffy sold 3,000 shares of the stock in a transaction on 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. Corporate insiders own 7.30% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Wells Fargo & Company MN increased its position in shares of Resolute Energy Corporation by 2.6% during 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 buying an additional 79 shares during the period. Parametric Portfolio Associates LLC increased its position in shares of Resolute Energy Corporation by 6.7% during the second quarter. Parametric Portfolio Associates LLC now owns 7,507 shares of the oil and gas exploration company’s stock worth $223,000 after buying an additional 470 shares during the period. Tudor Investment Corp ET AL increased its position in shares of Resolute Energy Corporation by 30.8% during the first quarter. Tudor Investment Corp ET AL now owns 6,539 shares of the oil and gas exploration company’s stock worth $264,000 after buying an additional 1,539 shares during the period. California Public Employees Retirement System increased its position in shares of Resolute Energy Corporation by 17.5% during the first quarter. California Public Employees Retirement System now owns 14,800 shares of the oil and gas exploration company’s stock worth $598,000 after buying an additional 2,200 shares during the period. Finally, UBS Asset Management Americas Inc. increased its position in shares of Resolute Energy Corporation by 63.0% during the second quarter. UBS Asset Management Americas Inc. now owns 8,800 shares of the oil and gas exploration company’s stock worth $262,000 after buying an additional 3,400 shares during the period. 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).

The Fly

Analyst Recommendations for Resolute Energy Corporation (NYSE:REN)

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