News headlines about Resolute Energy (NYSE:REN) have been trending somewhat positive on Sunday, according to Accern Sentiment. The research group rates the sentiment of media coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Resolute Energy earned a daily sentiment score of 0.22 on Accern’s scale. Accern also gave news headlines about the oil and gas exploration company an impact score of 50.0475702432157 out of 100, meaning that recent media coverage is somewhat likely to have an impact on the stock’s share price in the immediate future.
These are some of the media headlines that may have effected Accern’s analysis:
- Resolute Energy Corp (REN) Forecasted to Post Q4 2018 Earnings of $1.27 Per Share (americanbankingnews.com)
- $112.48 Million in Sales Expected for Resolute Energy Corp (REN) This Quarter (americanbankingnews.com)
- Brokerages Anticipate Resolute Energy Corp (REN) to Announce $1.10 EPS (americanbankingnews.com)
- Resolute Energy misses by $0.54, misses on revenue (seekingalpha.com)
- Resolute Energy: 2Q Earnings Snapshot (usnews.com)
Resolute Energy traded up $0.16, reaching $31.86, during trading hours on Friday, MarketBeat.com reports. 366,521 shares of the company traded hands, compared to its average volume of 447,990. The stock has a market capitalization of $734.38 million, a price-to-earnings ratio of 531.00 and a beta of 3.35. Resolute Energy has a 1 year low of $23.64 and a 1 year high of $38.64. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of -8.08.
Resolute Energy (NYSE:REN) last posted its quarterly earnings results on Monday, August 6th. The oil and gas exploration company reported ($0.07) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by ($0.26). The business had revenue of $73.38 million during the quarter, compared to analysts’ expectations of $76.24 million. Resolute Energy had a negative return on equity of 16.12% and a negative net margin of 10.99%. The firm’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.47 EPS. equities research analysts predict that Resolute Energy will post 2.21 EPS for the current year.
REN has been the topic of a number of recent analyst reports. ValuEngine lowered shares of Resolute Energy from a “sell” rating to a “strong sell” rating in a report on Wednesday, May 2nd. SunTrust Banks cut shares of Resolute Energy from a “buy” rating to a “hold” rating and set a $41.00 price objective for the company. in a research note on Monday, April 16th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company’s stock. Resolute Energy has an average rating of “Hold” and a consensus target price of $43.11.
In other Resolute Energy news, Director James E. Duffy sold 2,000 shares of the business’s stock in a transaction dated Wednesday, June 27th. The stock was sold at an average price of $33.65, for a total transaction of $67,300.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Nicholas J. Sutton sold 55,000 shares of the business’s stock in a transaction dated Tuesday, May 29th. The shares were sold at an average price of $33.56, for a total value of $1,845,800.00. The disclosure for this sale can be found here. 11.20% of the stock is currently owned by corporate insiders.
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.
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