Resolute Energy (NYSE:REN) posted its earnings results on Monday. The oil and gas exploration company reported $0.42 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.02, Briefing.com reports. The firm had revenue of $89.23 million during the quarter, compared to analyst estimates of $87.71 million. The company’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same quarter last year, the business posted ($1.23) earnings per share.
Shares of Resolute Energy (NYSE REN) traded up $0.21 on Monday, hitting $34.98. 370,016 shares of the stock were exchanged, compared to its average volume of 740,549. Resolute Energy has a 52 week low of $23.64 and a 52 week high of $45.70. The company has a market cap of $787.19, a P/E ratio of -25.72 and a beta of 3.33. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of -8.75.
Several research firms have weighed in on REN. ValuEngine lowered shares of Resolute Energy from a “hold” rating to a “sell” rating in a report on Friday, February 2nd. Zacks Investment Research lowered shares of Resolute Energy from a “strong-buy” rating to a “hold” rating in a report on Friday, February 9th. Goldman Sachs Group set a $37.00 price objective on shares of Resolute Energy and gave the stock a “buy” rating in a research report on Wednesday, December 6th. Barclays reissued an “overweight” rating and set a $37.00 price objective on shares of Resolute Energy in a research report on Monday, November 20th. Finally, Northland Securities set a $40.00 price objective on shares of Resolute Energy and gave the stock a “buy” rating in a research report on Monday, December 11th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $43.89.
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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