Stock Worth Mentioning: It Seems Resolute Energy Corp Will Go Up. Have Another Big Increase

Stock Worth Mentioning: It Seems Resolute Energy Corp Will Go Up. Have Another Big Increase

The stock of Resolute Energy Corp (NYSE:REN) is a huge mover today! About 433,280 shares traded hands. Resolute Energy Corp (NYSE:REN) has risen 877.97% since March 10, 2016 and is uptrending. It has outperformed by 870.45% the S&P500.
The move comes after 9 months positive chart setup for the $459.44 million company. It was reported on Oct, 13 by We have $49.16 PT which if reached, will make NYSE:REN worth $289.45M more.

Analysts await Resolute Energy Corp (NYSE:REN) to report earnings on November, 14. They expect $0.31 earnings per share, up 144.29% or $1.01 from last year’s $-0.7 per share. REN’s profit will be $4.72 million for 24.32 P/E if the $0.31 EPS becomes a reality. After $-2.44 actual earnings per share 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 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. The company was upgraded on Tuesday, November 24 by Capital One. The stock has “Buy” rating given by Johnson Rice on Monday, July 11. SunTrust maintained Resolute Energy Corp (NYSE:REN) on Wednesday, August 12 with “Neutral” rating. Barclays Capital upgraded it to “Equal-Weight” rating and $8 target price in Wednesday, July 13 report. The company was maintained on Monday, August 22 by Wunderlich. The stock of Resolute Energy Corp (NYSE:REN) earned “Underweight” rating by Barclays Capital on Tuesday, June 14. The company was downgraded on Wednesday, September 9 by Capital One. The firm earned “Buy” rating on Wednesday, October 5 by Seaport Global Securities. The stock of Resolute Energy Corp (NYSE:REN) earned “Market Perform” rating by Northland Capital on Wednesday, August 12. The firm has “Buy” rating by Wunderlich given on Thursday, October 6.

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: which released: “Why Resolute Energy Corp Surged a Stunning 175% in August” on September 01, 2016. Also published the news titled: “Resolute Energy Corporation Announces $135 Million Delaware Basin Acquisition” on October 05, 2016.‘s news article titled: “Resolute Energy: In Position To Issue Equity” with publication date: October 09, 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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