California State Teachers Retirement System bought a new stake in Resolute Energy Corporation (NYSE:REN) during the second quarter, according to its most recent disclosure with the SEC. The firm bought 38,500 shares of the oil and gas exploration company’s stock, valued at approximately $1,146,000. California State Teachers Retirement System owned about 0.17% of Resolute Energy Corporation at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Teachers Advisors LLC purchased a new position in Resolute Energy Corporation during the 2nd quarter worth $1,172,000. Caxton Associates LP purchased a new position in Resolute Energy Corporation during the 2nd quarter worth $5,005,000. Wells Fargo & Company MN grew its position in 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 worth $124,000 after purchasing an additional 79 shares during the last quarter. Systematic Financial Management LP grew its position in Resolute Energy Corporation by 51.4% during the 2nd quarter. Systematic Financial Management LP now owns 80,020 shares of the oil and gas exploration company’s stock worth $2,382,000 after purchasing an additional 27,155 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its stake in shares of Resolute Energy Corporation by 375.0% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 45,980 shares of the oil and gas exploration company’s stock worth $1,369,000 after acquiring an additional 36,300 shares during the period. 91.26% of the stock is currently owned by hedge funds and other institutional investors.
In related news, Director James E. Duffy sold 2,500 shares of the firm’s stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $27.99, for a total value of $69,975.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 7.30% of the stock is owned by company insiders.
Several research firms have recently commented on REN. Barclays PLC restated an “overweight” rating and issued a $37.00 target price on shares of Resolute Energy Corporation in a research note on Monday. Northland Securities set a $50.00 target price on shares of Resolute Energy Corporation and gave the stock a “buy” rating in a research note on Thursday, November 16th. SunTrust Banks, Inc. restated a “buy” rating on shares of Resolute Energy Corporation in a research note on Friday, November 10th. BMO Capital Markets set a $35.00 target price on shares of Resolute Energy Corporation and gave the stock a “hold” rating in a research note on Tuesday, October 24th. Finally, Goldman Sachs Group, Inc. (The) upgraded shares of Resolute Energy Corporation from a “neutral” rating to a “buy” rating and set a $32.00 target price for the company in a research note on Thursday, October 19th. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $45.10.
Shares of Resolute Energy Corporation (NYSE:REN) opened at $29.00 on Friday. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of -8.75. Resolute Energy Corporation has a 52 week low of $23.64 and a 52 week high of $49.14.
Resolute Energy Corporation (NYSE:REN) last announced its quarterly earnings data on Monday, November 6th. The oil and gas exploration company reported $0.15 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by ($0.21). The company had revenue of $81.60 million for the quarter, compared to analysts’ expectations of $86.76 million. During the same period last year, the business earned ($1.24) EPS. The firm’s revenue for the quarter was up 72.2% on a year-over-year basis. equities analysts forecast that Resolute Energy Corporation will post 0.6 EPS for the current fiscal year.
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About Resolute Energy Corporation
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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