Analysts expect Resolute Energy Corp (NYSE:REN) to announce $0.47 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for Resolute Energy’s earnings, with the lowest EPS estimate coming in at $0.21 and the highest estimate coming in at $0.66. Resolute Energy posted earnings of ($0.30) per share during the same quarter last year, which would suggest a positive year over year growth rate of 256.7%. The business is expected to issue its next earnings report on Wednesday, May 2nd.
On average, analysts expect that Resolute Energy will report full year earnings of $3.90 per share for the current fiscal year, with EPS estimates ranging from $2.51 to $5.45. For the next fiscal year, analysts anticipate that the business will post earnings of $7.72 per share, with EPS estimates ranging from $5.95 to $9.65. Zacks Investment Research’s EPS calculations are an average based on a survey of research firms that that provide coverage for Resolute Energy.
Resolute Energy (NYSE:REN) last released its quarterly earnings results on Monday, March 12th. The oil and gas exploration company reported $0.42 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.02. The company had revenue of $89.23 million during the quarter, compared to analyst estimates of $87.71 million. Resolute Energy had a negative return on equity of 25.97% and a negative net margin of 1.23%. The firm’s revenue was up 10.1% on a year-over-year basis. During the same quarter last year, the business posted ($1.23) earnings per share.
Several large investors have recently made changes to their positions in REN. Brown Advisory Inc. purchased a new position in shares of Resolute Energy during the third quarter valued at approximately $233,000. Jane Street Group LLC purchased a new position in shares of Resolute Energy during the third quarter valued at approximately $270,000. MetLife Investment Advisors LLC purchased a new position in shares of Resolute Energy during the fourth quarter valued at approximately $348,000. Swiss National Bank boosted its position in shares of Resolute Energy by 9.2% during the fourth quarter. Swiss National Bank now owns 31,000 shares of the oil and gas exploration company’s stock valued at $976,000 after buying an additional 2,600 shares during the period. Finally, Ameriprise Financial Inc. purchased a new position in shares of Resolute Energy during the third quarter valued at approximately $1,155,000.
REN traded down $1.89 on Monday, hitting $33.47. The company had a trading volume of 925,362 shares, compared to its average volume of 629,031. The firm has a market cap of $795.74, a P/E ratio of 557.83 and a beta of 3.21. Resolute Energy has a 12-month low of $23.64 and a 12-month high of $44.44. The company has a current ratio of 0.48, a quick ratio of 0.48 and a debt-to-equity ratio of -7.40.
About Resolute Energy
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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