KLR Group reaffirmed their buy rating on shares of Resolute Energy Corp (NYSE:REN) in a research report released on Wednesday morning. KLR Group currently has a $54.00 target price on the oil and gas exploration company’s stock.
A number of other research firms have also recently commented on REN. Capital One Financial Corp. raised Resolute Energy Corp from an equal weight rating to an overweight rating in a research note on Monday, December 19th. Vetr raised Resolute Energy Corp from a buy rating to a strong-buy rating and set a $34.90 price objective on the stock in a research note on Monday, November 28th. BMO Capital Markets reaffirmed a buy rating and set a $50.00 price objective on shares of Resolute Energy Corp in a research note on Tuesday, March 14th. Zacks Investment Research raised Resolute Energy Corp from a hold rating to a buy rating and set a $48.00 price objective on the stock in a research note on Wednesday, January 18th. Finally, Barclays PLC reduced their price objective on Resolute Energy Corp to $32.00 and set an equal weight rating on the stock in a research note on Tuesday, January 24th. Three analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The stock has an average rating of Buy and a consensus price target of $42.58.
Resolute Energy Corp (NYSE:REN) opened at 41.1276 on Wednesday. Resolute Energy Corp has a 52-week low of $2.35 and a 52-week high of $49.14. The stock has a 50 day moving average price of $44.38 and a 200 day moving average price of $34.83. The company’s market capitalization is $922.78 million.
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In other news, Director Thomas O. Hicks, Jr. sold 10,000 shares of the stock in a transaction dated Thursday, December 29th. The shares were sold at an average price of $40.05, for a total transaction of $400,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider James A. Tuell sold 6,000 shares of the stock in a transaction dated Tuesday, December 27th. The stock was sold at an average price of $41.27, for a total transaction of $247,620.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 26,000 shares of company stock valued at $1,054,920. 7.70% of the stock is currently owned by company insiders.
Several hedge funds have recently bought and sold shares of the company. State Street Corp purchased a new stake in Resolute Energy Corp during the fourth quarter worth $41,902,000. FMR LLC purchased a new stake in Resolute Energy Corp during the fourth quarter worth $33,505,000. Monarch Alternative Capital LP purchased a new stake in Resolute Energy Corp during the fourth quarter worth $29,863,000. Anchorage Capital Group L.L.C. purchased a new stake in Resolute Energy Corp during the fourth quarter worth $26,774,000. Finally, Franklin Resources Inc. purchased a new stake in Resolute Energy Corp during the fourth quarter worth $18,779,000. Institutional investors own 46.06% of the company’s stock.
About Resolute Energy Corp
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. Its properties are Aneth Field located in the Paradox Basin in southeast Utah (the Aneth Field Properties or Aneth Field), and the Permian Basin in Texas and southeast New Mexico (the Permian Properties or Permian Basin Properties).
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