Resolute Energy (REN) Trading Up 6.1%

Shares of Resolute Energy Corp (NYSE:REN) were up 6.1% on Friday . The company traded as high as $34.58 and last traded at $34.56. Approximately 513,811 shares were traded during trading, a decline of 28% from the average daily volume of 718,249 shares. The stock had previously closed at $32.56.

A number of analysts have recently weighed in on REN shares. B. Riley started coverage on shares of Resolute Energy in a research report on Monday, February 5th. They set a “neutral” rating and a $39.00 price target for the company. Barclays reissued a “buy” rating and set a $36.00 price target on shares of Resolute Energy in a research report on Sunday, December 24th. Northland Securities set a $50.00 price target on shares of Resolute Energy and gave the stock a “buy” rating in a research report on Thursday, November 16th. Zacks Investment Research raised shares of Resolute Energy from a “hold” rating to a “strong-buy” rating and set a $42.00 price target for the company in a research report on Tuesday, January 16th. Finally, ValuEngine raised shares of Resolute Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, January 3rd. Three investment analysts have rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the stock. Resolute Energy presently has an average rating of “Hold” and a consensus target price of $43.89.

The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of -8.75. The stock has a market capitalization of $731.38, a PE ratio of -22.99 and a beta of 3.42.

In related news, Director James E. Duffy sold 2,000 shares of the firm’s stock in a transaction on Thursday, December 7th. The stock was sold at an average price of $28.04, for a total transaction of $56,080.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director James E. Duffy sold 1,000 shares of the firm’s stock in a transaction on Monday, December 11th. The stock was sold at an average price of $27.69, for a total value of $27,690.00. The disclosure for this sale can be found here. Insiders have sold 17,499 shares of company stock worth $489,483 over the last 90 days. 7.30% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Parametric Portfolio Associates LLC lifted its stake in Resolute Energy by 6.7% during the second quarter. Parametric Portfolio Associates LLC now owns 7,507 shares of the oil and gas exploration company’s stock worth $223,000 after purchasing an additional 470 shares during the last quarter. Brown Advisory Inc. lifted its stake in Resolute Energy by 26.2% during the fourth quarter. Brown Advisory Inc. now owns 9,894 shares of the oil and gas exploration company’s stock worth $311,000 after purchasing an additional 2,052 shares during the last quarter. Swiss National Bank lifted its stake in Resolute Energy by 9.2% during the fourth quarter. Swiss National Bank now owns 31,000 shares of the oil and gas exploration company’s stock worth $976,000 after purchasing an additional 2,600 shares during the last quarter. UBS Asset Management Americas Inc. lifted its stake in Resolute Energy by 63.0% during the second quarter. UBS Asset Management Americas Inc. now owns 8,800 shares of the oil and gas exploration company’s stock worth $262,000 after purchasing an additional 3,400 shares during the last quarter. Finally, Cubist Systematic Strategies LLC lifted its stake in Resolute Energy by 53.5% during the second quarter. Cubist Systematic Strategies LLC now owns 11,400 shares of the oil and gas exploration company’s stock worth $339,000 after purchasing an additional 3,974 shares during the last quarter.

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Resolute Energy 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).

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