SunTrust Robinson Keeps a Hold Rating on Resolute Energy Corp (REN)


SunTrust Robinson analyst Neal Dingmann reiterated a Hold rating on Resolute Energy Corp (REN) on November 5 and set a price target of $34. The company’s shares opened today at $32.15.

According to TipRanks.com, Dingmann is a 2-star analyst with an average return of 0.4% and a 46.2% success rate. Dingmann covers the Basic Materials sector, focusing on stocks such as Centennial Resource Development Inc, 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 $38.25 average price target, implying a 19.0% 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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Based on Resolute Energy Corp’s latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of $14.3 million. In comparison, last year the company had a GAAP net loss of $14.6 million.

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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