Resolute Energy Corp (REN) Gets a Hold Rating from BMO Capital


BMO Capital analyst Dan McSpirit reiterated a Hold rating on Resolute Energy Corp (REN) today and set a price target of $33. The company’s shares opened today at $29.58.

According to TipRanks.com, McSpirit is a 2-star analyst with an average return of -0.2% and a 42.9% success rate. McSpirit covers the Basic Materials sector, focusing on stocks such as Jagged Peak Energy Inc, Extraction Oil & Gas, and Southwestern Energy.

Currently, the analyst consensus on Resolute Energy Corp is a Moderate Buy with an average price target of $38.25, a 29.3% upside from current levels. In a report issued on November 5, B.Riley FBR also reiterated a Hold rating on the stock with a $39 price target.

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The company has a one-year high of $39.28 and a one-year low of $24.60. Currently, Resolute Energy Corp has an average volume of 435.7K.

Based on the recent corporate insider activity of 37 insiders, corporate insider sentiment is neutral on the stock.

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Resolute Energy Corp. engages in the acquisition, development and exploration of oil and gas properties. Its property portfolio includes Aneth Field and Delaware Basin. The company was founded by Richard F. Betz in 2004 and is headquartered in Denver, CO.

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