SunTrust Banks Equities Analysts Cut Earnings Estimates for Resolute Energy Corporation (NYSE:REN)

Resolute Energy Corporation (NYSE:REN) – Investment analysts at SunTrust Banks lowered their FY2018 earnings per share estimates for shares of Resolute Energy Corporation in a research report issued to clients and investors on Thursday. SunTrust Banks analyst N. Dingmann now forecasts that the oil and gas exploration company will post earnings per share of $3.98 for the year, down from their prior forecast of $4.33. SunTrust Banks has a “Buy” rating and a $55.00 price target on the stock.

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Other equities analysts have also issued reports about the company. KLR Group reiterated a “buy” rating and issued a $54.00 target price on shares of Resolute Energy Corporation in a research note on Wednesday, March 15th. BMO Capital Markets reiterated a “buy” rating and issued a $50.00 target price on shares of Resolute Energy Corporation in a research note on Tuesday, March 14th. Barclays PLC upped their target price on Resolute Energy Corporation to $52.00 and gave the company an “equal weight” rating in a research note on Wednesday, March 15th. Finally, Zacks Investment Research lowered Resolute Energy Corporation from a “buy” rating to a “hold” rating in a research note on Friday, March 10th. Three research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $42.62.

Shares of Resolute Energy Corporation (NYSE:REN) opened at 28.19 on Friday. Resolute Energy Corporation has a 12 month low of $2.76 and a 12 month high of $49.14. The company’s 50 day moving average price is $36.74 and its 200-day moving average price is $40.58. The firm’s market capitalization is $621.25 million.

Large investors have recently made changes to their positions in the company. Wells Fargo & Company MN raised its stake in shares of 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 valued at $124,000 after buying an additional 79 shares in the last quarter. Tudor Investment Corp ET AL raised its stake in shares of Resolute Energy Corporation by 30.8% in the first quarter. Tudor Investment Corp ET AL now owns 6,539 shares of the oil and gas exploration company’s stock valued at $264,000 after buying an additional 1,539 shares in the last quarter. California Public Employees Retirement System raised its stake in shares of Resolute Energy Corporation by 17.5% in the first quarter. California Public Employees Retirement System now owns 14,800 shares of the oil and gas exploration company’s stock valued at $598,000 after buying an additional 2,200 shares in the last quarter. Bank of America Corp DE raised its stake in shares of Resolute Energy Corporation by 799.4% in the first quarter. Bank of America Corp DE now owns 4,803 shares of the oil and gas exploration company’s stock valued at $194,000 after buying an additional 4,269 shares in the last quarter. Finally, Tudor Investment Corp Et Al purchased a new stake in shares of Resolute Energy Corporation during the fourth quarter valued at approximately $206,000. Institutional investors own 86.11% of the company’s stock.

In other Resolute Energy Corporation news, Director James E. Duffy sold 1,250 shares of the company’s stock in a transaction dated Monday, June 26th. The stock was sold at an average price of $29.91, for a total transaction of $37,387.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Bob D. Brady, Jr. sold 10,000 shares of the company’s stock in a transaction dated Monday, May 22nd. The stock was sold at an average price of $42.56, for a total value of $425,600.00. The disclosure for this sale can be found here. Insiders have sold 37,750 shares of company stock valued at $1,532,578 over the last 90 days. 7.70% of the stock is currently owned by insiders.

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).

Earnings History and Estimates for Resolute Energy Corporation (NYSE:REN)

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