Resolute Energy Corp (NYSE:REN) – Research analysts at Imperial Capital cut their Q2 2018 EPS estimates for shares of Resolute Energy in a note issued to investors on Wednesday, July 18th. Imperial Capital analyst J. Wangler now anticipates that the oil and gas exploration company will earn ($0.12) per share for the quarter, down from their previous forecast of $0.09. Imperial Capital also issued estimates for Resolute Energy’s FY2019 earnings at $7.53 EPS.
Other equities analysts have also recently issued reports about the company. ValuEngine cut Resolute Energy from a “hold” rating to a “sell” rating in a research report on Monday, July 2nd. Seaport Global Securities cut Resolute Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, April 3rd. SunTrust Banks cut Resolute Energy from a “buy” rating to a “hold” rating and set a $41.00 price target on the stock. in a research report on Monday, April 16th. Finally, Goldman Sachs Group cut Resolute Energy from a “buy” rating to a “neutral” rating and set a $39.00 price target on the stock. in a research report on Thursday, April 12th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $43.11.
Shares of Resolute Energy opened at $33.55 on Friday, Marketbeat reports. Resolute Energy has a 1 year low of $23.64 and a 1 year high of $38.64. The firm has a market cap of $775.13 million, a PE ratio of 32.49 and a beta of 3.32. The company has a debt-to-equity ratio of -6.88, a quick ratio of 0.35 and a current ratio of 0.35.
Resolute Energy (NYSE:REN) last issued its quarterly earnings results on Monday, May 7th. The oil and gas exploration company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.28). Resolute Energy had a negative net margin of 5.72% and a negative return on equity of 37.53%. The firm had revenue of $74.70 million for the quarter, compared to analyst estimates of $73.17 million. During the same quarter last year, the business posted $0.01 earnings per share. The firm’s revenue for the quarter was up 15.6% compared to the same quarter last year.
In related news, CEO Richard F. Betz bought 3,500 shares of the firm’s stock in a transaction that occurred on Tuesday, June 5th. The shares were acquired at an average cost of $29.00 per share, for a total transaction of $101,500.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Nicholas J. Sutton sold 55,000 shares of Resolute Energy stock in a transaction on Tuesday, May 29th. The stock was sold at an average price of $33.56, for a total value of $1,845,800.00. The disclosure for this sale can be found here. Insiders own 11.20% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the stock. LPL Financial LLC acquired a new position in shares of Resolute Energy in the 1st quarter worth $247,000. MetLife Investment Advisors LLC acquired a new position in shares of Resolute Energy in the 4th quarter worth $348,000. ETRADE Capital Management LLC acquired a new position in shares of Resolute Energy in the 1st quarter worth $400,000. Brown Advisory Inc. grew its holdings in shares of Resolute Energy by 90.1% in the 1st quarter. Brown Advisory Inc. now owns 18,805 shares of the oil and gas exploration company’s stock worth $652,000 after acquiring an additional 8,911 shares during the last quarter. Finally, Sei Investments Co. grew its holdings in shares of Resolute Energy by 1,429.1% in the 1st quarter. Sei Investments Co. now owns 24,665 shares of the oil and gas exploration company’s stock worth $854,000 after acquiring an additional 23,052 shares during the last quarter.
About Resolute Energy
Resolute Energy Corporation, an independent oil and gas company, engages in the acquisition, exploitation, exploration for, and development of oil and gas properties in the United States. Its principal project area is located in the Delaware Basin portion of the Permian Basin, Reeves County. As of December 31, 2017, it had interests in approximately 27,100 gross acres located in the Permian Basin of Texas; and its estimated net proved reserves were approximately 53.4 million barrels of oil equivalent.
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