The Exec. VP, Gen Counsel & Secy of Resolute Energy Corp (REN) is Selling Shares


Today, the Exec. VP, Gen Counsel & Secy of Resolute Energy Corp (REN), Michael Stefanoudakis, sold shares of REN for $1.04M.

Following Michael Stefanoudakis’ last REN Sell transaction on December 07, 2015, the stock climbed by 31.3%. In addition to Michael Stefanoudakis, 3 other REN executives reported Sell trades in the last month.

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Based on Resolute Energy Corp’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $107 million and GAAP net loss of $14.3 million. In comparison, last year the company earned revenue of $81.55 million and had a GAAP net loss of $14.6 million. Currently, Resolute Energy Corp has an average volume of 893.7K.

Based on 6 analyst ratings, the analyst consensus is Hold with an average price target of $36.58, reflecting a 2.9% upside.

In the last 30 days, insiders have sold $1.08M worth of REN shares and purchased $13.79M worth of REN shares. The insider sentiment on Resolute Energy Corp has been neutral according to 39 insider trades in the past three months. This sentiment is higher than the average sentiment of company insiders in this sector.

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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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