What’s in Resolute Energy Corp After Today’s Bullish Options Activity?

 What's in Resolute Energy Corp After Today's Bullish Options Activity?

In today’s session Resolute Energy Corp (REN) registered an unusually high (327) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious REN increase. With 327 contracts traded and 3924 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: REN161118C00029000 closed last at: $0.85 or 22.7% down. About 379,688 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.

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 $4.33 million for 19.64 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. $45 is the highest target while $0.50 is the lowest. The $14.31 average target is -41.23% below today’s ($24.35) stock price. Resolute Energy has been the topic of 16 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating by Seaport Global Securities given on Wednesday, October 5. Johnson Rice upgraded the shares of REN in a report on Monday, July 11 to “Buy” rating. Northland Capital maintained Resolute Energy Corp (NYSE:REN) rating on Wednesday, August 12. Northland Capital has “Market Perform” rating and $0.75 price target. The company was maintained on Thursday, October 6 by Wunderlich. The stock has “Outperform” rating given by Northland Capital on Monday, July 11. The firm earned “Buy” rating on Monday, August 22 by Wunderlich. Barclays Capital maintained the stock with “Underweight” rating in Tuesday, June 14 report. The company was initiated on Wednesday, October 5 by Rodman & Renshaw. The company was upgraded on Tuesday, November 24 by Capital One. Capital One downgraded the stock to “Underweight” rating in Wednesday, September 9 report.

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 $340.12 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 notable 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 Reuters.com with their article: “BRIEF-Resolute Energy Corp announces private offering” published on February 02, 2016, Fool.com published: “Why Resolute Energy Corp’s Shares Jumped 20% Today” on October 05, 2016. More interesting news about Resolute Energy Corp (NYSE:REN) were released by: Marketwired.com and their article: “Resolute Energy Corporation to Announce Results for the Third Quarter Ended …” published on November 01, 2016 as well as Marketwired.com‘s news article titled: “Resolute Energy Corporation Announces Reverse Stock Split” with publication date: May 27, 2016.

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