SunTrust Robinson Sticks to Their Hold Rating for Resolute Energy Corp (REN)


SunTrust Robinson analyst Neal Dingmann reiterated a Hold rating on Resolute Energy Corp (REN) today and set a price target of $36. The company’s shares closed yesterday at $33.62.

According to TipRanks.com, Dingmann is a 1-star analyst with an average return of -2.4% and a 42.0% 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.

Resolute Energy Corp has an analyst consensus of Hold, with a price target consensus of $37.17, a 10.6% upside from current levels. In a report issued on November 20, Imperial Capital also downgraded the stock to Hold with a $35 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 36 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of REN in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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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