Today, the CEO of Resolute Energy Corp (NYSE: REN), Richard Betz, bought shares of REN for $101.5K.
Following this transaction Richard Betz’s holding in the company was increased by 1.35% to a total of $7.62 million. In addition to Richard Betz, one other REN executive reported Buy trades in the last month.
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Based on Resolute Energy Corp’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $74.72 million and GAAP net loss of $12.86 million. In comparison, last year the company earned revenue of $65.23 million and had a net profit of $1.6 million. Currently, Resolute Energy Corp has an average volume of 516.7K.
Based on 4 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $41.67, reflecting a -30.4% downside. 10 different firms, including Barclays and BMO Capital, currently also have a Buy rating on the stock.
In the last 30 days, insiders have sold $1.85M worth of REN shares and purchased $101.5K worth of REN shares. The insider sentiment on Resolute Energy Corp has been negative according to 37 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
Richard Betz’s trades have generated a 157.1% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.
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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.
