Resolute Energy Corporation (NYSE:REN) SVP Bob D. Brady, Jr. sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, May 22nd. The stock was sold at an average price of $42.56, for a total transaction of $425,600.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Shares of Resolute Energy Corporation (NYSE:REN) traded down 5.46% on Friday, hitting $30.47. 1,608,977 shares of the company traded hands. Resolute Energy Corporation has a 1-year low of $2.76 and a 1-year high of $49.14. The firm’s market capitalization is $671.50 million. The firm’s 50-day moving average is $39.16 and its 200 day moving average is $40.81.
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REN has been the topic of a number of research analyst reports. Zacks Investment Research raised shares of Resolute Energy Corporation from a “hold” rating to a “buy” rating and set a $48.00 price target on the stock in a report on Thursday, March 9th. KLR Group reaffirmed a “buy” rating and issued a $54.00 price objective on shares of Resolute Energy Corporation in a research note on Wednesday, March 15th. BMO Capital Markets reaffirmed a “buy” rating and issued a $50.00 price objective on shares of Resolute Energy Corporation in a research note on Tuesday, March 14th. SunTrust Banks, Inc. assumed coverage on shares of Resolute Energy Corporation in a research note on Thursday, June 1st. They issued a “buy” rating and a $55.00 price objective for the company. Finally, Barclays PLC upped their price objective on shares of Resolute Energy Corporation to $52.00 and gave the company an “equal weight” rating in a research note on Wednesday, March 15th. Three research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $43.71.
A number of hedge funds have recently added to or reduced their stakes in REN. Teachers Retirement System of The State of Kentucky acquired a new stake in Resolute Energy Corporation during the first quarter worth $828,000. Goldman Sachs Group Inc. raised its stake in Resolute Energy Corporation by 1,504.7% in the first quarter. Goldman Sachs Group Inc. now owns 196,013 shares of the oil and gas exploration company’s stock worth $7,919,000 after buying an additional 183,798 shares during the period. Tudor Investment Corp ET AL increased its position in shares of Resolute Energy Corporation by 30.8% in the first quarter. Tudor Investment Corp ET AL now owns 6,539 shares of the oil and gas exploration company’s stock worth $264,000 after buying an additional 1,539 shares in the last quarter. Westwood Holdings Group Inc. purchased a new position in shares of Resolute Energy Corporation during the first quarter worth approximately $15,194,000. Finally, Paloma Partners Management Co increased its position in shares of Resolute Energy Corporation by 40.5% in the first quarter. Paloma Partners Management Co now owns 36,196 shares of the oil and gas exploration company’s stock worth $1,462,000 after buying an additional 10,425 shares in the last quarter. 86.11% of the stock is owned by institutional investors.
About Resolute Energy Corporation
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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