Ownership Change: Resolute Energy Corp Has Another Bullish Trade, Sageview Capital Master Bought Stake!

Ownership Change: Resolute Energy Corp Has Another Bullish Trade, Sageview Capital Master Bought Stake!

The New Sageview Capital Master Holding in Resolute Energy Corp

Sageview Capital Master filed with the SEC SC 13D/A form for Resolute Energy Corp. The form can be accessed here: 000095014216004830. As reported in Sageview Capital Master’s form, the filler as of late owns 4.4% or 765,202 shares of the Energy–company.

Resolute Energy Corp stake is a new one for the and it was filed because of activity on November 21, 2016. We feel this shows Sageview Capital Master’s positive view for the stock.

Reasons Why Sageview Capital Master Bought – Resolute Energy Corp Stock

Item 4.Purpose of Transaction

No material change.

CUSIP No.

76116A108

SCHEDULE 13D

Page11 of 14

Resolute Energy Corp Institutional Sentiment

Latest Security and Exchange filings show 43 investors own Resolute Energy Corp. The institutional ownership in Q3 2015 is low, at 206.49% of the outstanding shares. This is decreased by 9140046 the total institutional shares. 36280874 were the shares owned by these institutional investors. In total 3 funds opened new Resolute Energy Corp stakes, 6 increased stakes. There were 24 that closed positions and 25 reduced them.

2 managers had the stock in their top Ten. Notable investors are: .

Murphy Michael R is an institutional investor bullish on Resolute Energy Corp, owning 1484482 shares as of Q3 2015 for 0.20% of its portfolio. John H. Scully Spo Advisory Corp owns 16982917 shares or 0.11% of its portfolio. NY Claren Road Asset Management Llc have 2.11% of their stock portfolio for 3131165 shares. Further, Sageview Capital Lp reported stake worth 0.74% of its US stock portfolio. The CA First Republic Investment Management Inc owns 516622 shares. Resolute Energy Corp is less than 0.01% of the manager’s US portfolio.

Business 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. Its properties are 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). It has an interest in gas gathering and compression facilities located within and adjacent to its Aneth Field Properties. Aneth Field is an oil field in southeast Utah, which produces approximately 6,290 equivalent barrels of oil per day. It owns working interests in the Aneth Unit, the McElmo Creek Unit and the Ratherford Unit. The Company has interests in approximately 27,750 gross (17,570 net) acres in the Permian Basin of Texas and southeast New Mexico. It covers over two project areas, including the Delaware Basin project area and the Northwest Shelf project area.

SEC Form 13D is filed within 10 days, by anyone who acquires beneficial ownership of 5%+ of any public firm. Activist investors and practices such as: company breakups, hostile takeovers, and change of control events, are permitted for this form filers. A filer must promptly update its 13D filing in case of acquisition or disposition of 1% or more of the securities that are the subject of the filing.

Analysts await Resolute Energy Corp (NYSE:REN) to report earnings on March, 6. They expect $0.70 earnings per share, up 193.33% or $1.45 from last year’s $-0.75 per share. REN’s profit will be $11.93 million for 11.46 P/E if the $0.70 EPS becomes a reality. After $-1.50 actual earnings per share reported by Resolute Energy Corp for the previous quarter, Wall Street now forecasts -146.67% EPS growth.

The stock decreased 2.99% or $0.99 on November 23, hitting $32.1. About 547,558 shares traded hands. Resolute Energy Corp (NYSE:REN) has risen 1003.00% since April 21, 2016 and is uptrending. It has outperformed by 997.67% the S&P500.

Resolute Energy Corporation is an independent gas and oil company. The company has a market cap of $546.88 million. The Firm is engaged in the exploitation, development, exploration for and acquisition of gas and oil properties. It currently has negative earnings. The Company’s properties are Aneth Field located in the Paradox Basin in southeast Utah , and the Permian Basin in Texas and southeast New Mexico (the Permian Properties or Permian Basin Properties).

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. $45 is the highest target while $0.50 is the lowest. The $14.31 average target is -55.42% below today’s ($32.1) stock price. Resolute Energy has been the topic of 16 analyst reports since July 21, 2015 according to StockzIntelligence Inc. On Monday, July 11 the stock rating was upgraded by Johnson Rice to “Buy”. The rating was maintained by SunTrust with “Neutral” on Wednesday, August 12. The company was upgraded on Monday, July 11 by Northland Capital. Northland Capital maintained the shares of REN in a report on Wednesday, August 12 with “Market Perform” rating. On Monday, August 22 the stock rating was maintained by Wunderlich with “Buy”. The stock has “Equal-Weight” rating given by Capital One on Tuesday, November 24. The firm has “Buy” rating given on Thursday, October 6 by Wunderlich. Barclays Capital upgraded Resolute Energy Corp (NYSE:REN) rating on Wednesday, July 13. Barclays Capital has “Equal-Weight” rating and $8 price target. Rodman & Renshaw initiated it with “Buy” rating and $32 target price in Wednesday, October 5 report. The rating was initiated by Seaport Global Securities on Wednesday, October 5 with “Buy”.

More notable 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 Marketwired.com with their article: “Resolute Energy Corporation Announces Reverse Stock Split” published on May 27, 2016, Fool.com published: “Why Resolute Energy Corp’s Shares Jumped 20% Today” on October 05, 2016. More interesting news about Resolute Energy Corp (NYSE:REN) were released by: Marketwired.com and their article: “Resolute Energy Corporation Announces September 2016 Investor Events” published on September 01, 2016 as well as Marketwired.com‘s news article titled: “Resolute Energy Corporation Completes Closing of Delaware Basin Acquisition …” with publication date: October 07, 2016.

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.”

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.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Tags: , ,

Leave a Comment