The stock of Resolute Energy Corp (NYSE:REN) is a huge mover today! The stock increased 8.54% or $2.05 on September 30, hitting $26.06. About 1.74M shares traded hands. Resolute Energy Corp (NYSE:REN) has risen 823.46% since February 26, 2016 and is uptrending. It has outperformed by 813.04% the S&P500.
The move comes after 5 months positive chart setup for the $407.98M company. It was reported on Sep, 30 by Barchart.com. We have $54.20 PT which if reached, will make NYSE:REN worth $440.62 million more.
Analysts await Resolute Energy Corp (NYSE:REN) to report earnings on November, 14. They expect $0.31 EPS, up 144.29% or $1.01 from last year’s $-0.7 per share. REN’s profit will be $4.85 million for 21.02 P/E if the $0.31 EPS becomes a reality. After $-2.44 actual EPS reported by Resolute Energy Corp for the previous quarter, Wall Street now forecasts -112.70% EPS growth.
Resolute Energy Corp (NYSE:REN) Ratings Coverage
Out of 9 analysts covering Resolute Energy (NYSE:REN), 3 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 33% are positive. Resolute Energy has been the topic of 13 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The company was upgraded on Wednesday, July 13 by Barclays Capital. The stock has “Underweight” rating given by Capital One on Wednesday, September 9. The firm earned “Buy” rating on Monday, July 11 by Johnson Rice. On Monday, August 22 the stock rating was maintained by Wunderlich with “Buy”. Barclays Capital maintained Resolute Energy Corp (NYSE:REN) rating on Tuesday, June 14. Barclays Capital has “Underweight” rating and $4 price target. The firm earned “Neutral” rating on Wednesday, August 12 by SunTrust. Northland Capital upgraded Resolute Energy Corp (NYSE:REN) on Monday, July 11 to “Outperform” rating. The firm has “Equal-Weight” rating given on Tuesday, November 24 by Capital One. The rating was upgraded by Wunderlich on Monday, July 11 to “Buy”. Northland Capital maintained the shares of REN in a report on Wednesday, August 12 with “Market Perform” 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 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 Benzinga.com published the news titled: “Mid-Afternoon Market Update: Dow Rises More Than 200 Points; Lexmark Shares …” on September 30, 2016. Seekingalpha.com‘s news article titled: “Resolute Energy Has A Winning Permian Bet So Far” with publication date: September 23, 2016 was also an interesting one.
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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