Penn Capital Management Co. Inc. Has $2.58 Million Holdings in Resolute Energy Corporation (REN)

Penn Capital Management Co. Inc. raised its position in Resolute Energy Corporation (NYSE:REN) by 89.9% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 86,720 shares of the oil and gas exploration company’s stock after buying an additional 41,045 shares during the period. Penn Capital Management Co. Inc. owned 0.39% of Resolute Energy Corporation worth $2,582,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Wells Fargo & Company MN grew its position in shares of Resolute Energy Corporation by 2.6% during the 1st quarter. Wells Fargo & Company MN now owns 3,079 shares of the oil and gas exploration company’s stock valued at $124,000 after acquiring an additional 79 shares during the period. Tudor Investment Corp ET AL grew its position in shares of Resolute Energy Corporation by 30.8% during the 1st quarter. Tudor Investment Corp ET AL now owns 6,539 shares of the oil and gas exploration company’s stock valued at $264,000 after acquiring an additional 1,539 shares during the period. California Public Employees Retirement System grew its position in shares of Resolute Energy Corporation by 17.5% during the 1st quarter. California Public Employees Retirement System now owns 14,800 shares of the oil and gas exploration company’s stock valued at $598,000 after acquiring an additional 2,200 shares during the period. UBS Asset Management Americas Inc. grew its position in shares of Resolute Energy Corporation by 63.0% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 8,800 shares of the oil and gas exploration company’s stock valued at $262,000 after acquiring an additional 3,400 shares during the period. Finally, Bank of America Corp DE grew its position in shares of Resolute Energy Corporation by 799.4% during the 1st quarter. Bank of America Corp DE now owns 4,803 shares of the oil and gas exploration company’s stock valued at $194,000 after acquiring an additional 4,269 shares during the period. Hedge funds and other institutional investors own 93.81% of the company’s stock.

In other Resolute Energy Corporation news, Director James E. Duffy sold 1,250 shares of the company’s stock in a transaction that occurred on Monday, June 26th. The shares were sold at an average price of $29.91, for a total value of $37,387.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 7.30% of the company’s stock.

Resolute Energy Corporation (NYSE REN) remained flat at $30.01 on Friday. The company had a trading volume of 50,536 shares. The firm’s market capitalization is $661.93 million. The company’s 50-day moving average price is $28.33 and its 200-day moving average price is $34.97. Resolute Energy Corporation has a one year low of $20.47 and a one year high of $49.14.

Resolute Energy Corporation (NYSE:REN) last posted its quarterly earnings results on Monday, August 7th. The oil and gas exploration company reported $0.47 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.25. The firm had revenue of $71.06 million during the quarter, compared to the consensus estimate of $77.09 million. The business’s revenue for the quarter was up 100.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($2.44) earnings per share. On average, analysts forecast that Resolute Energy Corporation will post $0.73 earnings per share for the current fiscal year.

A number of research analysts have recently weighed in on REN shares. KLR Group reissued a “buy” rating and set a $64.00 target price (up from $60.00) on shares of Resolute Energy Corporation in a research report on Friday, September 15th. Northland Securities set a $60.00 target price on shares of Resolute Energy Corporation and gave the company a “buy” rating in a research report on Monday, July 17th. BMO Capital Markets set a $35.00 target price on shares of Resolute Energy Corporation and gave the company a “buy” rating in a research report on Wednesday, August 16th. SunTrust Banks, Inc. started coverage on shares of Resolute Energy Corporation in a research report on Thursday, June 1st. They set a “buy” rating and a $55.00 target price for the company. Finally, Imperial Capital reissued a “buy” rating and set a $50.00 target price on shares of Resolute Energy Corporation in a research report on Monday. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $44.99.

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Resolute Energy Corporation 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).

Institutional Ownership by Quarter for Resolute Energy Corporation (NYSE:REN)

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