Resolute Energy Corporation (NYSE:REN) – Seaport Global Securities issued their Q1 2018 earnings estimates for shares of Resolute Energy Corporation in a research report issued to clients and investors on Wednesday. Seaport Global Securities analyst M. Kelly forecasts that the oil and gas exploration company will post earnings per share of $0.27 for the quarter. Seaport Global Securities also issued estimates for Resolute Energy Corporation’s Q2 2018 earnings at $0.19 EPS, Q3 2018 earnings at $0.94 EPS, Q4 2018 earnings at $1.10 EPS and FY2018 earnings at $2.50 EPS.

Resolute Energy Corporation (NYSE:REN) last issued its quarterly earnings results on Monday, August 7th. The oil and gas exploration company reported $0.47 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.25. The company had revenue of $71.06 million for the quarter, compared to analyst estimates of $77.09 million. During the same quarter in the previous year, the company posted ($2.44) EPS. The company’s revenue for the quarter was up 100.8% compared to the same quarter last year.

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Other analysts also recently issued research reports about the stock. Northland Securities set a $60.00 price objective on shares of Resolute Energy Corporation and gave the stock a “buy” rating in a research report on Monday, July 17th. BMO Capital Markets set a $38.00 price objective on shares of Resolute Energy Corporation and gave the stock a “buy” rating in a research report on Monday, June 26th. SunTrust Banks, Inc. started coverage on shares of Resolute Energy Corporation in a research report on Thursday, June 1st. They set a “buy” rating and a $55.00 price objective for the company. BidaskClub upgraded shares of Resolute Energy Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. Finally, Zacks Investment Research upgraded shares of Resolute Energy Corporation from a “strong sell” rating to a “hold” rating in a research report on Saturday. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $43.45.

Resolute Energy Corporation (NYSE:REN) opened at 28.01 on Friday. The firm’s market cap is $617.82 million. Resolute Energy Corporation has a 52 week low of $14.00 and a 52 week high of $49.14. The firm’s 50-day moving average is $30.95 and its 200-day moving average is $38.56.

In related news, Director James E. Duffy sold 1,250 shares of the company’s stock in a transaction on Monday, June 26th. The shares were sold at an average price of $29.91, for a total value of $37,387.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director William Kemper White sold 11,000 shares of the company’s stock in a transaction on Tuesday, May 23rd. The shares were sold at an average price of $42.32, for a total transaction of $465,520.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 37,750 shares of company stock valued at $1,532,578. 7.30% of the stock is owned by insiders.

A number of hedge funds have recently added to or reduced their stakes in REN. Parametric Portfolio Associates LLC increased its stake in Resolute Energy Corporation 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 during the period. Vanguard Group Inc. increased its stake in Resolute Energy Corporation by 46.2% in the second quarter. Vanguard Group Inc. now owns 1,495,382 shares of the oil and gas exploration company’s stock valued at $44,518,000 after buying an additional 472,759 shares during the period. Northern Trust Corp increased its stake in Resolute Energy Corporation by 349.4% in the second quarter. Northern Trust Corp now owns 249,562 shares of the oil and gas exploration company’s stock valued at $7,429,000 after buying an additional 194,029 shares during the period. Penn Capital Management Co. Inc. increased its stake in Resolute Energy Corporation by 89.9% in the second quarter. Penn Capital Management Co. Inc. now owns 86,720 shares of the oil and gas exploration company’s stock valued at $2,582,000 after buying an additional 41,045 shares during the period. Finally, UBS Asset Management Americas Inc. increased its stake in Resolute Energy Corporation by 63.0% in the second quarter. UBS Asset Management Americas Inc. now owns 8,800 shares of the oil and gas exploration company’s stock valued at $262,000 after buying an additional 3,400 shares during the period. Hedge funds and other institutional investors own 86.52% of the company’s stock.

About Resolute Energy Corporation

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).

Earnings History and Estimates for Resolute Energy Corporation (NYSE:REN)

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