Could Resolute Energy Corp Lose Strenght? Option Traders Don’t Think So

 Could Resolute Energy Corp Lose Strenght? Option Traders Don't Think So

In today’s session Resolute Energy Corp (REN) registered an unusually high (168) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the October, 2016 call, expecting serious REN increase. With 168 contracts traded and 6354 open interest for the Oct, 16 contract, it seems this is a quite bullish bet. The option with symbol: REN161021C00025000 closed last at: $5.4 or 0% . About 143,273 shares traded hands. Resolute Energy Corp (NYSE:REN) has risen 872.67% since March 9, 2016 and is uptrending. It has outperformed by 865.25% the S&P500.

Analysts await Resolute Energy Corp (NYSE:REN) to report earnings on November, 14. They expect $0.31 EPS, up 144.29% or $1.01 from last year’s $-0.7 per share. REN’s profit will be $4.69M for 23.30 P/E if the $0.31 EPS becomes a reality. After $-2.44 actual EPS reported by Resolute Energy Corp for the previous quarter, Wall Street now forecasts -112.70% EPS growth.

Resolute Energy Corp (NYSE:REN) Ratings Coverage

Out of 11 analysts covering Resolute Energy (NYSE:REN), 5 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 45% are positive. Resolute Energy has been the topic of 16 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The stock has “Underweight” rating given by Barclays Capital on Tuesday, June 14. Seaport Global Securities initiated it with “Buy” rating and $45 target price in Wednesday, October 5 report. Rodman & Renshaw initiated the shares of REN in a report on Wednesday, October 5 with “Buy” rating. The firm has “Market Perform” rating by Northland Capital given on Wednesday, August 12. Capital One downgraded Resolute Energy Corp (NYSE:REN) on Wednesday, September 9 to “Underweight” rating. The stock of Resolute Energy Corp (NYSE:REN) earned “Buy” rating by Wunderlich on Monday, August 22. The stock of Resolute Energy Corp (NYSE:REN) has “Outperform” rating given on Monday, July 11 by Northland Capital. Capital One upgraded the stock to “Equal-Weight” rating in Tuesday, November 24 report. The company was maintained on Thursday, October 6 by Wunderlich. The rating was maintained by SunTrust on Wednesday, August 12 with “Neutral”.

According to Zacks Investment Research, “Resolute Energy Corporation, formerly Hicks Acquisition Company I, Inc. (HACI), is an independent oil and gas company engaged in the acquisition, exploitation and development of oil and gas properties. The company operates producing properties in Utah, which were legacy properties acquired from two major oil companies, in connection with a strategic alliance with Navajo Nation Oil and Gas Company (wholly owned by the Navajo Nation) and in Wyoming and Oklahoma, which were acquired through the acquisition of a privately held oil and gas producer. In addition, Resolute owns exploration properties in Wyoming and Alabama.”

Resolute Energy Corporation is an independent gas and oil company. The company has a market cap of $437.34 million. The Firm is engaged in the exploitation, development, exploration for and acquisition of gas and oil properties. It currently has negative earnings. The Company’s properties are Aneth Field located in the Paradox Basin in southeast Utah , and the Permian Basin in Texas and southeast New Mexico (the Permian Properties or Permian Basin Properties).

REN Company Profile

Resolute Energy Corporation, incorporated on July 28, 2009, is an independent gas and oil company. The Firm is engaged in the exploitation, development, exploration for and acquisition of gas and oil properties. The Company’s asset base consists primarily of properties in Aneth Field located in the Paradox Basin in southeast Utah (the Aneth Field Properties or Aneth Field) and the Permian Basin in Texas and southeast New Mexico (the Permian Properties or Permian Basin Properties). The Firm has an interest in gas gathering and compression facilities located within and adjacent to its Aneth Field Properties.

More recent Resolute Energy Corp (NYSE:REN) news were published by: Reuters.com which released: “BRIEF-Resolute Energy Corp announces private offering” on October 05, 2016. Also Marketwired.com published the news titled: “Resolute Energy Corporation Announces $135 Million Delaware Basin Acquisition” on October 05, 2016. Seekingalpha.com‘s news article titled: “Resolute Energy: In Position To Issue Equity” with publication date: October 09, 2016 was also an interesting one.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Tags: , ,

Related posts

Leave a Comment