Resolute Energy Corp (NYSE:REN) saw unusually large options trading activity on Tuesday. Stock investors acquired 3,668 call options on the stock. This is an increase of approximately 1,076% compared to the average daily volume of 312 call options.
Shares of Resolute Energy (NYSE REN) opened at $36.00 on Wednesday. The company has a market cap of $787.19, a price-to-earnings ratio of 59.29 and a beta of 3.33. Resolute Energy has a one year low of $23.64 and a one year high of $45.70. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of -8.75.
Resolute Energy (NYSE:REN) last announced its quarterly earnings results on Monday, March 12th. The oil and gas exploration company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.40 by $0.02. The business had revenue of $89.23 million for the quarter, compared to analysts’ expectations of $87.71 million. Resolute Energy had a negative net margin of 1.23% and a negative return on equity of 26.31%. The business’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($1.23) EPS. equities analysts forecast that Resolute Energy will post 3.73 earnings per share for the current year.
Several hedge funds and other institutional investors have recently made changes to their positions in REN. Lion Point Capital LP purchased a new stake in shares of Resolute Energy during the 4th quarter valued at about $30,683,000. Monarch Alternative Capital LP raised its position in shares of Resolute Energy by 33.3% during the 3rd quarter. Monarch Alternative Capital LP now owns 1,816,300 shares of the oil and gas exploration company’s stock valued at $53,926,000 after buying an additional 453,251 shares in the last quarter. Penn Capital Management Co. Inc. raised its position in shares of Resolute Energy by 362.9% during the 4th quarter. Penn Capital Management Co. Inc. now owns 504,679 shares of the oil and gas exploration company’s stock valued at $15,898,000 after buying an additional 395,659 shares in the last quarter. Westfield Capital Management Co. LP purchased a new stake in shares of Resolute Energy during the 3rd quarter valued at about $9,130,000. Finally, Dumac Inc. purchased a new stake in shares of Resolute Energy during the 4th quarter valued at about $4,639,000.
Several analysts have commented on REN shares. Northland Securities set a $50.00 price target on shares of Resolute Energy and gave the stock a “buy” rating in a research note on Thursday, November 16th. Barclays reiterated an “overweight” rating and issued a $37.00 price target on shares of Resolute Energy in a research note on Monday, November 20th. Zacks Investment Research upgraded shares of Resolute Energy from a “hold” rating to a “strong-buy” rating and set a $42.00 price target on the stock in a research note on Tuesday, January 16th. Goldman Sachs Group set a $37.00 price target on shares of Resolute Energy and gave the stock a “buy” rating in a research note on Wednesday, December 6th. Finally, B. Riley started coverage on shares of Resolute Energy in a research note on Monday, February 5th. They issued a “neutral” rating and a $39.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company’s stock. Resolute Energy has an average rating of “Hold” and an average target price of $43.89.
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).
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