Resolute Energy Corp (NYSE:REN) – Equities researchers at Capital One Financial issued their Q4 2017 earnings per share estimates for Resolute Energy in a research report issued on Tuesday. Capital One Financial analyst R. Tullis anticipates that the oil and gas exploration company will post earnings of $0.35 per share for the quarter. Capital One Financial also issued estimates for Resolute Energy’s Q1 2018 earnings at $0.42 EPS and FY2018 earnings at $2.72 EPS.
Other research analysts have also recently issued research reports about the company. SunTrust Banks reissued a “buy” rating on shares of Resolute Energy in a research report on Friday, November 10th. ValuEngine cut Resolute Energy from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd. BMO Capital Markets set a $35.00 price objective on Resolute Energy and gave the stock a “hold” rating in a research report on Tuesday, October 24th. Goldman Sachs Group set a $37.00 target price on Resolute Energy and gave the company a “buy” rating in a research note on Wednesday, December 6th. Finally, Northland Securities set a $40.00 target price on Resolute Energy and gave the company a “buy” rating in a research note on Monday, December 11th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. Resolute Energy presently has an average rating of “Buy” and an average target price of $44.22.
Resolute Energy (NYSE:REN) last posted its quarterly earnings data on Monday, November 6th. The oil and gas exploration company reported $0.15 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by ($0.21). The business had revenue of $81.60 million during the quarter, compared to analyst estimates of $86.76 million. During the same quarter in the prior year, the company posted ($1.24) earnings per share. The company’s revenue was up 72.2% on a year-over-year basis.
In related news, insider Nicholas J. Sutton sold 9,999 shares of the business’s stock in a transaction on Monday, December 18th. The stock was sold at an average price of $27.29, for a total transaction of $272,872.71. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director James E. Duffy sold 2,000 shares of the business’s stock in a transaction on Thursday, December 7th. The shares were sold at an average price of $28.04, for a total value of $56,080.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 19,999 shares of company stock worth $559,458. 7.30% of the stock is currently owned by corporate insiders.
Several large investors have recently added to or reduced their stakes in the stock. Parametric Portfolio Associates LLC raised its stake in shares of Resolute Energy by 6.7% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 7,507 shares of the oil and gas exploration company’s stock valued at $223,000 after purchasing an additional 470 shares during the period. Swiss National Bank grew its position in Resolute Energy by 9.2% during the fourth quarter. Swiss National Bank now owns 31,000 shares of the oil and gas exploration company’s stock worth $976,000 after buying an additional 2,600 shares in the last quarter. UBS Asset Management Americas Inc. grew its position in Resolute Energy 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 in the last quarter. Cubist Systematic Strategies LLC grew its position in Resolute Energy by 53.5% during the second quarter. Cubist Systematic Strategies LLC now owns 11,400 shares of the oil and gas exploration company’s stock worth $339,000 after buying an additional 3,974 shares in the last quarter. Finally, Phocas Financial Corp. grew its position in Resolute Energy by 4.7% during the second quarter. Phocas Financial Corp. now owns 123,675 shares of the oil and gas exploration company’s stock worth $3,682,000 after buying an additional 5,521 shares in the last quarter.
Resolute Energy 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).
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