Resolute Energy Corp (REN) : Spo Advisory Corp reduced its stake in Resolute Energy Corp by 1.58% during the most recent quarter end. The investment management company now holds a total of 2,950,871 shares of Resolute Energy Corp which is valued at $42,581,069 after selling 47,452 shares in Resolute Energy Corp , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Resolute Energy Corp makes up approximately 0.68% of Spo Advisory Corp’s portfolio.
Other Hedge Funds, Including , Castleton Investment Management sold out all of its stake in REN during the most recent quarter. The investment firm sold 342,771 shares of REN which is valued $4,946,186.Spark Investment Management reduced its stake in REN by selling 16,120 shares or 16.12% in the most recent quarter. The Hedge Fund company now holds 83,900 shares of REN which is valued at $1,210,677. Resolute Energy Corp makes up approx 0.10% of Spark Investment Management’s portfolio.Tower Research Capital (trc) boosted its stake in REN in the latest quarter, The investment management firm added 14,576 additional shares and now holds a total of 16,391 shares of Resolute Energy Corp which is valued at $236,522. Resolute Energy Corp makes up approx 0.02% of Tower Research Capital (trc)’s portfolio. Glenmede Trust Co Na sold out all of its stake in REN during the most recent quarter. The investment firm sold 90,735 shares of REN which is valued $612,461.
Resolute Energy Corp opened for trading at $22.95 and hit $23.18 on the upside on Wednesday, eventually ending the session at $22.95, with a gain of 0.31% or 0.07 points. The heightened volatility saw the trading volume jump to 1,850,729 shares. Company has a market cap of $354 M.
On the company’s financial health, Resolute Energy Corp reported $-2.44 EPS for the quarter, missing the analyst consensus estimate by $ -2.41 based on the information available during the earnings call on Aug 8, 2016. Analyst had a consensus of $-0.03. The company had revenue of $35.40 million for the quarter, compared to analysts expectations of $54.52 million. The company’s revenue was down -26.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-3.46 EPS.
Many Wall Street Analysts have commented on Resolute Energy Corp. Company shares were Reiterated by Wunderlich on Aug 22, 2016 to “Buy”, Firm has raised the Price Target to $ 25 from a previous price target of $15 .Company shares were Reiterated by Wunderlich on Aug 10, 2016 to “Buy”, Firm has raised the Price Target to $ 15 from a previous price target of $8 .Company shares were Upgraded by Wunderlich on Jul 11, 2016 to ” Buy”, Firm has raised the Price Target to $ 8 from a previous price target of $4 .
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 asset base consists primarily of properties in Aneth Field located in the Paradox Basin in southeast Utah (the Aneth Field Properties or Aneth Field) the Permian Basin in Texas and southeast New Mexico (the Permian Properties or Permian Basin Properties) and the Powder River and Big Horn Basins in Wyoming (the Wyoming Properties). Approximately 86% of its estimated net proved reserves were oil and approximately 92% were oil and natural gas liquids (NGL). The Company has an interest in gas gathering and compression facilities located within and adjacent to its Aneth Field Properties. Collectively called the Aneth Gas Processing Plant the facility consists of an active gas compression operation operated by it and a dismantled gas processing facility.