Resolute Energy Corp (REN) CEO Sells $512,000.00 in Stock

Resolute Energy Corp (NYSE:REN) CEO Richard F. Betz sold 12,500 shares of the business’s stock in a transaction that occurred on Friday, May 19th. The shares were sold at an average price of $40.96, for a total value of $512,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of Resolute Energy Corp (NYSE:REN) opened at 40.68 on Thursday. The company’s 50 day moving average price is $40.80 and its 200 day moving average price is $39.92. Resolute Energy Corp has a 12 month low of $2.76 and a 12 month high of $49.14. The stock’s market capitalization is $896.51 million.

COPYRIGHT VIOLATION NOTICE: This story was first posted by sleekmoney and is the property of of sleekmoney. If you are accessing this story on another site, it was illegally stolen and reposted in violation of U.S. & international copyright & trademark law. The legal version of this story can be viewed at https://sleekmoney.com/resolute-energy-corp-ren-ceo-sells-512000-00-in-stock/1852317.html.

A number of analysts have recently commented on REN shares. Zacks Investment Research upgraded Resolute Energy Corp from a “hold” rating to a “buy” rating and set a $52.00 price objective for the company in a research report on Wednesday, February 8th. KLR Group restated a “buy” rating and issued a $54.00 price objective on shares of Resolute Energy Corp in a research report on Wednesday, March 15th. BMO Capital Markets restated a “buy” rating and issued a $50.00 price objective on shares of Resolute Energy Corp in a research report on Tuesday, March 14th. Finally, Barclays PLC boosted their price objective on Resolute Energy Corp to $52.00 and gave the company an “equal weight” rating in a research report on Wednesday, March 15th. Three equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $42.58.

A number of institutional investors have recently modified their holdings of the company. FMR LLC purchased a new position in shares of Resolute Energy Corp during the fourth quarter valued at about $33,505,000. Russell Investments Group Ltd. purchased a new position in shares of Resolute Energy Corp during the fourth quarter valued at about $5,147,000. Tudor Investment Corp Et Al purchased a new position in shares of Resolute Energy Corp during the fourth quarter valued at about $206,000. Norges Bank purchased a new position in shares of Resolute Energy Corp during the fourth quarter valued at about $2,416,000. Finally, State Street Corp purchased a new position in shares of Resolute Energy Corp during the fourth quarter valued at about $41,902,000. 46.06% of the stock is owned by hedge funds and other institutional investors.

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. 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).

12 Month Chart for NYSE:REN

This story was originally published by sleekmoney (https://sleekmoney.com) and is the sole property of sleekmoney. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at https://sleekmoney.com/resolute-energy-corp-ren-ceo-sells-512000-00-in-stock/1852317.html

Receive News & Ratings for Resolute Energy Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Resolute Energy Corp and related companies with MarketBeat.com's FREE daily email newsletter.

 

Leave a Reply

Your email address will not be published. Required fields are marked *