Resolute Energy Corporation (REN) PT Lowered to $35.00 at BMO Capital Markets

Resolute Energy Corporation (NYSE:REN) had its price target reduced by BMO Capital Markets from $38.00 to $35.00 in a research report sent to investors on Friday, July 14th. BMO Capital Markets currently has an outperform rating on the oil and gas exploration company’s stock.

A number of other research firms also recently weighed in on REN. BidaskClub raised shares of Resolute Energy Corporation from a sell rating to a hold rating in a research report on Wednesday, July 12th. Zacks Investment Research downgraded shares of Resolute Energy Corporation from a hold rating to a strong sell rating in a research report on Wednesday, July 12th. Finally, SunTrust Banks, Inc. initiated coverage on shares of Resolute Energy Corporation in a research report on Thursday, June 1st. They issued a buy rating and a $55.00 target price for the company. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have issued a buy rating to the company. Resolute Energy Corporation has a consensus rating of Buy and an average target price of $43.45.

Shares of Resolute Energy Corporation (NYSE:REN) opened at 30.03 on Friday. Resolute Energy Corporation has a 52 week low of $5.78 and a 52 week high of $49.14. The firm’s market cap is $661.80 million. The firm’s 50 day moving average is $31.42 and its 200-day moving average is $39.30.

COPYRIGHT VIOLATION WARNING: “Resolute Energy Corporation (REN) PT Lowered to $35.00 at BMO Capital Markets” was originally published by BNB Daily and is the sole property of of BNB Daily. If you are accessing this news story on another domain, it was illegally stolen and reposted in violation of U.S. and international trademark and copyright law. The original version of this news story can be read at https://www.baseball-news-blog.com/2017/08/05/resolute-energy-corporation-ren-pt-lowered-to-35-00-updated-updated.html.

In other Resolute Energy Corporation news, Director William Kemper White sold 11,000 shares of the stock in a transaction on Tuesday, May 23rd. The shares were sold at an average price of $42.32, for a total value of $465,520.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Bob D. Brady, Jr. sold 10,000 shares of the stock in a transaction on Monday, May 22nd. The shares were sold at an average price of $42.56, for a total transaction of $425,600.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 37,750 shares of company stock valued at $1,532,578. Corporate insiders own 7.70% of the company’s stock.

A number of hedge funds have recently made changes to their positions in REN. Capital Fund Management S.A. purchased a new stake in shares of Resolute Energy Corporation during the first quarter worth approximately $1,202,000. Caymus Capital Partners L.P. bought a new stake in Resolute Energy Corporation during the first quarter worth about $16,564,000. Wells Fargo & Company MN boosted its stake in Resolute Energy Corporation by 2.6% in the first quarter. Wells Fargo & Company MN now owns 3,079 shares of the oil and gas exploration company’s stock worth $124,000 after buying an additional 79 shares in the last quarter. Old Mutual Global Investors UK Ltd. bought a new stake in Resolute Energy Corporation during the first quarter worth about $4,458,000. Finally, First Mercantile Trust Co. bought a new stake in Resolute Energy Corporation during the first quarter worth about $292,000. Hedge funds and other institutional investors own 86.60% of the company’s stock.

Resolute Energy Corporation Company Profile

Resolute Energy Corporation is an independent oil and gas company. The Company is engaged in the exploitation, development, exploration for and acquisition of oil and gas properties. The Company’s assets are located primarily in the Delaware Basin in west Texas (the Permian Properties or Permian Basin Properties) and Aneth Field located in the Paradox Basin in southeast Utah (the Aneth Field Properties or Aneth Field).

Analyst Recommendations for Resolute Energy Corporation (NYSE:REN)

Receive News & Ratings for Resolute Energy Corporation Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Resolute Energy Corporation and related companies with MarketBeat.com’s FREE daily email newsletter.

Leave a Reply

Your email address will not be published. Required fields are marked *

*

eleven − four =