Notable Price Action: Will Resolute Energy Corp Go Down Anytime Soon?

Notable Price Action: Will Resolute Energy Corp Go Down Anytime Soon?

The stock of Resolute Energy Corp (NYSE:REN) is a huge mover today! About 529,504 shares traded hands. Resolute Energy Corp (NYSE:REN) has risen 889.17% since April 4, 2016 and is uptrending. It has outperformed by 888.08% the S&P500.
The move comes after 7 months positive chart setup for the $333.70M company. It was reported on Nov, 4 by Barchart.com. We have $67.37 PT which if reached, will make NYSE:REN worth $607.33M more.

Analysts await Resolute Energy Corp (NYSE:REN) to report earnings on November, 14. They expect $0.31 earnings per share, up 144.29% or $1.01 from last year’s $-0.7 per share. REN’s profit will be $4.33M for 19.27 P/E if the $0.31 EPS becomes a reality. After $-2.44 actual earnings per share 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. As per Wednesday, August 12, the company rating was maintained by Northland Capital. On Wednesday, October 5 the stock rating was initiated by Seaport Global Securities with “Buy”. On Tuesday, November 24 the stock rating was upgraded by Capital One to “Equal-Weight”. Wunderlich maintained Resolute Energy Corp (NYSE:REN) on Monday, August 22 with “Buy” rating. The firm has “Buy” rating given on Thursday, October 6 by Wunderlich. On Monday, July 11 the stock rating was upgraded by Northland Capital to “Outperform”. On Wednesday, July 13 the stock rating was upgraded by Barclays Capital to “Equal-Weight”. Capital One downgraded the stock to “Underweight” rating in Wednesday, September 9 report. The firm earned “Buy” rating on Monday, July 11 by Wunderlich. The firm earned “Buy” rating on Monday, July 11 by Johnson Rice.

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.”

More recent Resolute Energy Corp (NYSE:REN) news were published by: Fool.com which released: “Why Resolute Energy Corp Surged a Stunning 175% in August” on September 01, 2016. Also Fool.com published the news titled: “Why Resolute Energy Corp’s Shares Jumped 20% Today” on October 05, 2016. Marketwired.com‘s news article titled: “Resolute Energy Corporation Announces Reverse Stock Split” with publication date: May 27, 2016 was also an interesting one.

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.

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