Seaport Global Securities reiterated their hold rating on shares of Resolute Energy (NYSE:REN) in a research note published on Wednesday morning. Seaport Global Securities currently has a $35.00 target price on the oil and gas exploration company’s stock. Seaport Global Securities also issued estimates for Resolute Energy’s Q4 2018 earnings at $1.27 EPS, FY2018 earnings at $1.83 EPS, Q1 2019 earnings at $1.61 EPS, Q2 2019 earnings at $1.75 EPS, Q3 2019 earnings at $1.95 EPS, Q4 2019 earnings at $2.23 EPS and FY2019 earnings at $7.54 EPS.

Separately, ValuEngine raised Resolute Energy from a sell rating to a hold rating in a research note on Tuesday, July 10th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. The stock has a consensus rating of Hold and a consensus price target of $39.14.

Shares of NYSE:REN opened at $30.35 on Wednesday. Resolute Energy has a 12-month low of $24.60 and a 12-month high of $39.28. The stock has a market cap of $716.46 million, a PE ratio of 40.70 and a beta of 3.46.

Resolute Energy (NYSE:REN) last announced its quarterly earnings data on Monday, November 5th. The oil and gas exploration company reported $0.48 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.71 by ($0.23). Resolute Energy had a negative net margin of 10.10% and a negative return on equity of 22.38%. The company had revenue of $106.75 million for the quarter, compared to the consensus estimate of $104.54 million. On average, sell-side analysts anticipate that Resolute Energy will post 1.64 EPS for the current fiscal year.

In other news, Director James E. Duffy sold 1,000 shares of the stock in a transaction dated Tuesday, September 11th. The shares were sold at an average price of $32.35, for a total transaction of $32,350.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Kemc Fund Iv Gp, Llc bought 295,845 shares of the company’s stock in a transaction dated Tuesday, October 30th. The shares were purchased at an average price of $25.95 per share, with a total value of $7,677,177.75. The disclosure for this purchase can be found here. Over the last quarter, insiders have sold 2,328 shares of company stock valued at $73,015. 11.20% of the stock is currently owned by company insiders.

Several institutional investors have recently bought and sold shares of the company. BlackRock Inc. boosted its holdings in shares of Resolute Energy by 0.3% during the third quarter. BlackRock Inc. now owns 1,476,348 shares of the oil and gas exploration company’s stock worth $55,820,000 after purchasing an additional 4,507 shares during the period. Alliancebernstein L.P. boosted its holdings in shares of Resolute Energy by 19.7% during the third quarter. Alliancebernstein L.P. now owns 31,360 shares of the oil and gas exploration company’s stock worth $1,186,000 after purchasing an additional 5,160 shares during the period. SG Americas Securities LLC purchased a new stake in shares of Resolute Energy during the third quarter worth about $238,000. Engineers Gate Manager LP purchased a new stake in shares of Resolute Energy during the third quarter worth about $619,000. Finally, Fondren Management LP purchased a new stake in shares of Resolute Energy during the second quarter worth about $624,000.

Resolute Energy Company Profile

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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Analyst Recommendations for Resolute Energy (NYSE:REN)

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