Media coverage about Resolute Energy (NYSE:REN) has been trending somewhat positive on Wednesday, according to Accern Sentiment. The research firm identifies negative and positive media coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Resolute Energy earned a media sentiment score of 0.17 on Accern’s scale. Accern also gave news headlines about the oil and gas exploration company an impact score of 46.0345994749616 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
REN has been the topic of several analyst reports. BMO Capital Markets set a $35.00 target price on Resolute Energy and gave the company a “hold” rating in a research note on Tuesday, October 24th. SunTrust Banks reissued a “buy” rating on shares of Resolute Energy in a research note on Friday, November 10th. Northland Securities set a $50.00 target price on Resolute Energy and gave the company a “buy” rating in a research note on Thursday, November 16th. Barclays reissued an “overweight” rating and issued a $37.00 target price on shares of Resolute Energy in a research note on Monday, November 20th. Finally, Goldman Sachs Group set a $37.00 target price on Resolute Energy and gave the company a “buy” rating in a research note on Wednesday, December 6th. Two analysts have rated the stock with a sell rating, two have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $43.89.
Resolute Energy (NYSE:REN) opened at $33.83 on Wednesday. Resolute Energy has a one year low of $23.64 and a one year high of $49.14. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of -8.75. The firm has a market capitalization of $790.79, a PE ratio of -23.17 and a beta of 3.42.
In other Resolute Energy news, Director James E. Duffy sold 1,500 shares of the stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $26.64, for a total value of $39,960.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James E. Duffy sold 1,000 shares of the stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $27.69, for a total value of $27,690.00. The disclosure for this sale can be found here. Insiders sold 17,499 shares of company stock valued at $489,483 over the last 90 days. Corporate insiders own 7.30% of the company’s stock.
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Resolute Energy Company Profile
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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