The stock of Resolute Energy Corp (NYSE:REN) is a huge mover today! About 1.80 million shares traded hands or 112.70% up from the average. Resolute Energy Corp (NYSE:REN) has risen 685.63% since April 27, 2016 and is uptrending. It has outperformed by 680.41% the S&P500.
The move comes after 5 months positive chart setup for the $550.12 million company. It was reported on Nov, 30 by Barchart.com. We have $33.62 PT which if reached, will make NYSE:REN worth $16.50 million more.
Analysts await Resolute Energy Corp (NYSE:REN) to report earnings on March, 6. They expect $0.70 earnings per share, up 193.33% or $1.45 from last year’s $-0.75 per share. REN’s profit will be $11.80 million for 11.66 P/E if the $0.70 EPS becomes a reality. After $-1.50 actual earnings per share reported by Resolute Energy Corp for the previous quarter, Wall Street now forecasts -146.67% 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, September 9, the company rating was downgraded by Capital One. The firm has “Equal-Weight” rating by Barclays Capital given on Wednesday, July 13. The firm has “Buy” rating given on Monday, July 11 by Johnson Rice. The firm earned “Buy” rating on Monday, August 22 by Wunderlich. Barclays Capital maintained Resolute Energy Corp (NYSE:REN) rating on Tuesday, June 14. Barclays Capital has “Underweight” rating and $4 price target. The rating was upgraded by Capital One on Tuesday, November 24 to “Equal-Weight”. The company was upgraded on Monday, July 11 by Northland Capital. As per Wednesday, August 12, the company rating was maintained by Northland Capital. Rodman & Renshaw initiated the shares of REN in a report on Wednesday, October 5 with “Buy” rating. SunTrust maintained Resolute Energy Corp (NYSE:REN) on Wednesday, August 12 with “Neutral” rating.
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: “2 Signs You Should Sell Resolute Energy Corp.” on November 29, 2016, also Fool.com with their article: “Why Resolute Energy Corp Surged a Stunning 175% in August” published on September 01, 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 Announces Private Offering of 55000 Shares of 8 1 …” published on October 05, 2016 as well as Marketwired.com‘s news article titled: “Resolute Energy Corporation Announces Reverse Stock Split” with publication date: May 27, 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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