Notable Mover: What’s Next for Resolute Energy Corp After Today’s Significant Increase?

Notable Mover: What's Next for Resolute Energy Corp After Today's Significant Increase?

The stock of Resolute Energy Corp (NYSE:REN) is a huge mover today! About 309,444 shares traded hands. Resolute Energy Corp (NYSE:REN) has risen 922.26% since April 13, 2016 and is uptrending. It has outperformed by 918.34% the S&P500.
The move comes after 9 months positive chart setup for the $550.55M company. It was reported on Nov, 15 by Barchart.com. We have $47.20 PT which if reached, will make NYSE:REN worth $330.33M more.

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 firm earned “Underweight” rating on Tuesday, June 14 by Barclays Capital. The firm has “Neutral” rating given on Wednesday, August 12 by SunTrust. The rating was upgraded by Johnson Rice to “Buy” on Monday, July 11. Seaport Global Securities initiated Resolute Energy Corp (NYSE:REN) rating on Wednesday, October 5. Seaport Global Securities has “Buy” rating and $45 price target. The firm has “Equal-Weight” rating given on Tuesday, November 24 by Capital One. The firm has “Buy” rating by Wunderlich given on Monday, July 11. On Thursday, October 6 the stock rating was maintained by Wunderlich with “Buy”. As per Wednesday, August 12, the company rating was maintained by Northland Capital. Rodman & Renshaw initiated Resolute Energy Corp (NYSE:REN) rating on Wednesday, October 5. Rodman & Renshaw has “Buy” rating and $32 price target. On Monday, August 22 the stock rating was maintained by Wunderlich with “Buy”.

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 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 Fool.com with their article: “Why Resolute Energy Corp’s Shares Jumped 20% Today” published on October 05, 2016, Marketwired.com published: “Resolute Energy Corporation Announces Reverse Stock Split” on May 27, 2016. More interesting news about Resolute Energy Corp (NYSE:REN) were released by: 9News.com and their article: “Resolute Energy shares soar after ‘particularly strong’ 2Q results” published on August 09, 2016 as well as Marketwired.com‘s news article titled: “Resolute Energy Corporation Completes Closing of Delaware Basin Acquisition …” with publication date: October 07, 2016.

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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