Resolute Energy (NYSE:REN) issued its earnings results on Monday. The oil and gas exploration company reported $0.42 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.40 by $0.02, Briefing.com reports. The company had revenue of $89.23 million during the quarter, compared to analysts’ expectations of $87.71 million. Resolute Energy had a negative return on equity of 26.31% and a negative net margin of 1.23%. The firm’s quarterly revenue was up 10.1% on a year-over-year basis. During the same period in the prior year, the business earned ($1.23) EPS.
Resolute Energy (NYSE:REN) opened at $36.00 on Wednesday. Resolute Energy has a 12 month low of $23.64 and a 12 month high of $45.70. The company has a market capitalization of $787.19, a price-to-earnings ratio of -87.80 and a beta of 3.33. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of -8.75.
Several analysts have issued reports on REN shares. Northland Securities set a $50.00 target price on Resolute Energy and gave the company a “buy” rating in a report on Thursday, November 16th. Barclays restated an “overweight” rating and issued a $37.00 target price on shares of Resolute Energy in a report on Monday, November 20th. Zacks Investment Research raised Resolute Energy from a “hold” rating to a “strong-buy” rating and set a $42.00 price target on the stock in a research note on Tuesday, January 16th. Goldman Sachs Group set a $37.00 price target on Resolute Energy and gave the company a “buy” rating in a research note on Wednesday, December 6th. Finally, B. Riley began coverage on Resolute Energy in a research note on Monday, February 5th. They issued a “neutral” rating and a $39.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $43.89.
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About Resolute Energy
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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