In a report released yesterday, Mike Kelly from Seaport Global reiterated a Hold rating on Resolute Energy Corp (REN), with a price target of $35. The company’s shares opened today at $32.18.
According to TipRanks.com, Kelly has 0 stars on 0-5 star ranking scale with an average return of -5.6% and a 39.6% success rate. Kelly covers the Basic Materials sector, focusing on stocks such as HighPoint Resources Corporation, Contango Oil & Gas Company, and Sanchez Energy Corporation.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Resolute Energy Corp with a $39.67 average price target, which is a 23.3% 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 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.
