Analysts Set Expectations for Resolute Energy Corp’s Q1 2018 Earnings (REN)

Resolute Energy Corp (NYSE:REN) – Research analysts at Imperial Capital cut their Q1 2018 earnings estimates for Resolute Energy in a note issued to investors on Tuesday, April 24th. Imperial Capital analyst J. Wangler now expects that the oil and gas exploration company will post earnings per share of $0.19 for the quarter, down from their previous estimate of $0.21.

Resolute Energy (NYSE:REN) last released its quarterly earnings data on Monday, March 12th. The oil and gas exploration company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.02. Resolute Energy had a negative net margin of 1.23% and a negative return on equity of 25.97%. The firm had revenue of $89.23 million for the quarter, compared to analysts’ expectations of $87.71 million. During the same quarter in the previous year, the company earned ($1.23) earnings per share. The company’s revenue for the quarter was up 10.1% compared to the same quarter last year.



Several other equities analysts have also recently issued reports on REN. ValuEngine upgraded shares of Resolute Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, January 3rd. Zacks Investment Research upgraded shares of Resolute Energy from a “hold” rating to a “strong-buy” rating and set a $42.00 price target on the stock in a research report on Tuesday, January 16th. 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 on the stock. SunTrust Banks set a $44.00 price target on shares of Resolute Energy and gave the company a “buy” rating in a research report on Wednesday, March 14th. Finally, Northland Securities set a $45.00 price target on shares of Resolute Energy and gave the company a “buy” rating in a research report on Wednesday, March 14th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $43.11.

Shares of NYSE REN opened at $32.29 on Wednesday. Resolute Energy has a 1 year low of $23.64 and a 1 year high of $44.44. The company has a debt-to-equity ratio of -7.40, a quick ratio of 0.48 and a current ratio of 0.48. The stock has a market cap of $724.63, a P/E ratio of 538.17 and a beta of 3.22.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. MetLife Investment Advisors LLC purchased a new stake in Resolute Energy in the fourth quarter worth about $348,000. Goldman Sachs Group Inc. grew its holdings in Resolute Energy by 256.1% in the fourth quarter. Goldman Sachs Group Inc. now owns 141,377 shares of the oil and gas exploration company’s stock worth $4,449,000 after purchasing an additional 101,670 shares during the period. Lion Point Capital LP purchased a new stake in Resolute Energy in the fourth quarter worth about $30,683,000. Kennedy Capital Management Inc. grew its holdings in Resolute Energy by 42.1% in the fourth quarter. Kennedy Capital Management Inc. now owns 245,108 shares of the oil and gas exploration company’s stock worth $7,714,000 after purchasing an additional 72,647 shares during the period. Finally, Dumac Inc. purchased a new stake in Resolute Energy in the fourth quarter worth about $4,639,000.

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Resolute Energy Company Profile

Resolute Energy Corporation, an independent oil and gas company, engages in the acquisition, exploitation, exploration for, and development of oil and gas properties in the United States. Its principal project area is located in the Delaware Basin portion of the Permian Basin, Reeves County. As of December 31, 2017, it had interests in approximately 27,100 gross acres located in the Permian Basin of Texas; and its estimated net proved reserves were approximately 53.4 million barrels of oil equivalent.

Earnings History and Estimates for Resolute Energy (NYSE:REN)

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