Resolute Energy (NYSE:REN) received a $37.00 price objective from equities researchers at Goldman Sachs Group in a research report issued to clients and investors on Wednesday. The firm currently has a “buy” rating on the oil and gas exploration company’s stock. Goldman Sachs Group’s price target indicates a potential upside of 26.45% from the company’s current price.

A number of other equities analysts have also commented on REN. Northland Securities set a $50.00 price objective on shares of Resolute Energy and gave the company a “buy” rating in a research report on Thursday, November 16th. SunTrust Banks reissued a “buy” rating on shares of Resolute Energy in a research note on Friday, November 10th. Imperial Capital reaffirmed a “buy” rating and issued a $50.00 target price on shares of Resolute Energy in a research note on Monday, September 18th. KLR Group reiterated a “buy” rating and issued a $64.00 price target (up previously from $60.00) on shares of Resolute Energy in a report on Friday, September 15th. Finally, BMO Capital Markets set a $35.00 target price on shares of Resolute Energy and gave the company a “buy” rating in a report on Wednesday, August 16th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and eight have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $45.73.

Resolute Energy (REN) traded down $0.27 on Wednesday, reaching $29.26. 582,500 shares of the company’s stock traded hands, compared to its average volume of 735,407. The company has a debt-to-equity ratio of -8.75, a quick ratio of 0.42 and a current ratio of 0.42. Resolute Energy has a 1 year low of $23.64 and a 1 year high of $49.14.

Resolute Energy (NYSE:REN) last announced its earnings results on Monday, November 6th. The oil and gas exploration company reported $0.15 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by ($0.21). The firm had revenue of $81.60 million for the quarter, compared to the consensus estimate of $86.76 million. During the same period in the prior year, the company posted ($1.24) EPS. Resolute Energy’s revenue was up 72.2% compared to the same quarter last year. equities research analysts anticipate that Resolute Energy will post 0.6 earnings per share for the current year.

In other news, Director James E. Duffy sold 2,500 shares of the stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $27.99, for a total transaction of $69,975.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 7.30% of the company’s stock.

A number of hedge funds have recently modified their holdings of REN. Northpointe Capital LLC bought a new stake in Resolute Energy during the second quarter valued at about $152,000. Legal & General Group Plc purchased a new position in shares of Resolute Energy in the second quarter worth about $168,000. Bank of America Corp DE raised its position in Resolute Energy by 799.4% during the first quarter. Bank of America Corp DE now owns 4,803 shares of the oil and gas exploration company’s stock valued at $194,000 after acquiring an additional 4,269 shares in the last quarter. Parametric Portfolio Associates LLC increased its position in shares of Resolute Energy by 6.7% in the second quarter. Parametric Portfolio Associates LLC now owns 7,507 shares of the oil and gas exploration company’s stock valued at $223,000 after buying an additional 470 shares in the last quarter. Finally, Brown Advisory Inc. acquired a new stake in shares of Resolute Energy in the third quarter worth approximately $233,000. 97.83% of the stock is currently owned by institutional investors.

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About Resolute Energy

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).

Analyst Recommendations for Resolute Energy (NYSE:REN)

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