In a report issued on November 5, Rehan Rashid from B.Riley FBR reiterated a Hold rating on Resolute Energy Corp (REN), with a price target of $39. The company’s shares closed yesterday at $30.74.
According to TipRanks.com, Rashid is a 4-star analyst with an average return of 8.1% and a 61.0% success rate. Rashid covers the Basic Materials sector, focusing on stocks such as Continental Resources, Range Resources Corp, and Southwestern Energy.
Currently, the analyst consensus on Resolute Energy Corp is a Moderate Buy with an average price target of $42.
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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 450.6K.
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.
