Resolute Energy Corporation (NYSE:REN) – Investment analysts at Imperial Capital decreased their FY2017 earnings per share estimates for shares of Resolute Energy Corporation in a research note issued to investors on Monday. Imperial Capital analyst J. Wangler now anticipates that the oil and gas exploration company will post earnings of $0.31 per share for the year, down from their previous estimate of $0.34. Imperial Capital has a “Buy” rating and a $50.00 price objective on the stock. Imperial Capital also issued estimates for Resolute Energy Corporation’s Q1 2018 earnings at $0.45 EPS, Q2 2018 earnings at $0.53 EPS, Q3 2018 earnings at $0.60 EPS, Q4 2018 earnings at $1.04 EPS and FY2018 earnings at $2.62 EPS.

Other equities analysts also recently issued research reports about the company. BMO Capital Markets set a $38.00 target price on Resolute Energy Corporation and gave the company a “buy” rating in a report on Monday, June 26th. Goldman Sachs Group, Inc. (The) assumed coverage on Resolute Energy Corporation in a report on Monday, July 17th. They set a “neutral” rating and a $34.00 target price for the company. Zacks Investment Research downgraded Resolute Energy Corporation from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 12th. BidaskClub downgraded Resolute Energy Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, August 8th. Finally, SunTrust Banks, Inc. assumed coverage on Resolute Energy Corporation in a report on Thursday, June 1st. They set a “buy” rating and a $55.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating to the stock. Resolute Energy Corporation currently has an average rating of “Hold” and a consensus target price of $44.99.

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Shares of Resolute Energy Corporation (NYSE REN) opened at 29.88 on Wednesday. The stock’s 50 day moving average is $28.33 and its 200 day moving average is $34.97. The firm’s market cap is $659.06 million. Resolute Energy Corporation has a 12 month low of $20.47 and a 12 month high of $49.14.

Resolute Energy Corporation (NYSE:REN) last announced its quarterly earnings data on Monday, August 7th. The oil and gas exploration company reported $0.47 EPS for the quarter, topping the 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. The business’s quarterly revenue was up 100.8% compared to the same quarter last year. During the same period last year, the business earned ($2.44) EPS.

A number of hedge funds have recently modified their holdings of the stock. Wellington Management Group LLP grew its stake in shares of Resolute Energy Corporation by 68.9% in the first quarter. Wellington Management Group LLP now owns 3,097,194 shares of the oil and gas exploration company’s stock worth $125,127,000 after acquiring an additional 1,263,959 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of 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 worth $44,518,000 after acquiring an additional 472,759 shares during the last quarter. Franklin Resources Inc. grew its stake in shares of Resolute Energy Corporation by 32.0% in the second quarter. Franklin Resources Inc. now owns 1,719,287 shares of the oil and gas exploration company’s stock worth $51,182,000 after acquiring an additional 416,802 shares during the last quarter. Westwood Holdings Group Inc. purchased a new stake in shares of Resolute Energy Corporation in the first quarter worth $15,194,000. Finally, Caymus Capital Partners L.P. grew its stake in shares of Resolute Energy Corporation by 82.2% in the second quarter. Caymus Capital Partners L.P. now owns 746,900 shares of the oil and gas exploration company’s stock worth $22,235,000 after acquiring an additional 336,900 shares during the last quarter. 93.81% of the stock is currently owned by institutional investors.

In related news, Director James E. Duffy sold 1,250 shares of the company’s stock in a transaction on Monday, June 26th. The stock was sold at an average price of $29.91, for a total value of $37,387.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 7.30% of the stock is owned by corporate insiders.

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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