Resolute Energy Corp (NYSE:REN) – Investment analysts at Capital One Financial issued their Q4 2019 earnings per share estimates for Resolute Energy in a report released on Wednesday, November 7th. Capital One Financial analyst R. Tullis expects that the oil and gas exploration company will earn $2.15 per share for the quarter.
Other research analysts have also issued research reports about the company. ValuEngine raised Resolute Energy from a “sell” rating to a “hold” rating in a research report on Tuesday, August 14th. Seaport Global Securities reaffirmed a “hold” rating and set a $35.00 price target on shares of Resolute Energy in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $39.14.
Resolute Energy (NYSE:REN) last released its quarterly earnings results on Monday, November 5th. The oil and gas exploration company reported $0.48 EPS for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.23). The business had revenue of $106.75 million for the quarter, compared to the consensus estimate of $104.54 million. Resolute Energy had a negative net margin of 10.10% and a negative return on equity of 22.38%.
In other news, major shareholder Kemc Fund Iv Gp, Llc bought 445,845 shares of Resolute Energy stock in a transaction on Thursday, November 1st. The shares were purchased at an average price of $26.81 per share, for a total transaction of $11,953,104.45. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director James E. Duffy sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 11th. The stock was sold at an average price of $32.35, for a total value of $32,350.00. The disclosure for this sale can be found here. Insiders have sold a total of 2,328 shares of company stock worth $73,015 in the last quarter. Company insiders own 11.20% of the company’s stock.
Hedge funds have recently bought and sold shares of the business. SG Americas Securities LLC purchased a new position in shares of Resolute Energy during the 3rd quarter worth approximately $238,000. LPL Financial LLC purchased a new position in shares of Resolute Energy during the 1st quarter worth approximately $247,000. Engineers Gate Manager LP purchased a new position in shares of Resolute Energy during the 3rd quarter worth approximately $619,000. Fondren Management LP purchased a new position in shares of Resolute Energy during the 2nd quarter worth approximately $624,000. Finally, Brown Advisory Inc. grew its holdings in shares of Resolute Energy by 90.1% during the 1st quarter. Brown Advisory Inc. now owns 18,805 shares of the oil and gas exploration company’s stock worth $652,000 after acquiring an additional 8,911 shares during the period.
Resolute Energy Company Profile
Resolute Energy Corporation, an independent oil and gas company, engages in the acquisition, exploitation, exploration for, and development of oil and gas properties in the United States. Its principal project area is located in the Delaware Basin portion of the Permian Basin, Reeves County. As of December 31, 2017, it had interests in approximately 27,100 gross acres located in the Permian Basin of Texas; and its estimated net proved reserves were approximately 53.4 million barrels of oil equivalent.
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