Resolute Energy Corporation (REN) Set to Announce Quarterly Earnings on Monday
Resolute Energy Corporation (NYSE:REN) is scheduled to announce its earnings results after the market closes on Monday, November 6th. Analysts expect the company to announce earnings of $0.34 per share for the quarter.
Resolute Energy Corporation (NYSE:REN) last announced its quarterly earnings results on Monday, August 7th. The oil and gas exploration company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.25. The firm had revenue of $71.06 million for the quarter, compared to the consensus estimate of $77.09 million. During the same period in the prior year, the business earned ($2.44) earnings per share. The company’s revenue for the quarter was up 100.8% on a year-over-year basis. On average, analysts expect Resolute Energy Corporation to post $0.31 EPS for the current fiscal year and $2.9 EPS for the next fiscal year.
Resolute Energy Corporation (NYSE:REN) opened at 30.17 on Monday. The company’s market capitalization is $665.46 million. The firm has a 50 day moving average of $28.96 and a 200-day moving average of $32.87. Resolute Energy Corporation has a 52 week low of $22.27 and a 52 week high of $49.14.
In other Resolute Energy Corporation news, Director James E. Duffy sold 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, September 27th. The shares were sold at an average price of $30.44, for a total transaction of $76,100.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 7.30% of the stock is currently owned by company insiders.
A number of equities research analysts have recently weighed in on the stock. BMO Capital Markets reduced their price target on shares of Resolute Energy Corporation from $38.00 to $35.00 and set an “outperform” rating on the stock in a research note on Friday, July 14th. Imperial Capital restated a “buy” rating and issued a $50.00 price target on shares of Resolute Energy Corporation in a research note on Monday, September 18th. Goldman Sachs Group, Inc. (The) assumed coverage on shares of Resolute Energy Corporation in a research note on Monday, July 17th. They issued a “neutral” rating and a $34.00 price target on the stock. Zacks Investment Research downgraded shares of Resolute Energy Corporation from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 12th. Finally, BidaskClub upgraded shares of Resolute Energy Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the company. Resolute Energy Corporation has a consensus rating of “Hold” and an average target price of $48.23.
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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).
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