Goff John C: Resolute Energy Corp increased Its Stake

May 17, 2018 - By Margaret Downey

Goff John C Reported increased Stake in Resolute Energy Corp

Goff John C filed with SEC a SC 13D/A form for Resolute Energy Corp. It can be found at: 000119312518166696. As reported by Goff John C, the filler increased its stake in the stock by 15.20 % for 1,963,302 shares. Goff John C currently owns 8.5% of the Energy- stock. Date of activity: May15, 2018.

SEC Form 13D.

Analysts await Resolute Energy Corporation (NYSE:REN) to report earnings on August, 6. They expect $0.35 earnings per share, down 25.53 % or $0.12 from last year’s $0.47 per share. REN’s profit will be $7.96M for 24.41 P/E if the $0.35 EPS becomes a reality. After $0.14 actual earnings per share reported by Resolute Energy Corporation for the previous quarter, Wall Street now forecasts 150.00 % EPS growth.

The stock decreased 1.21% or $0.42 during the last trading session, reaching $34.18. About 837,428 shares traded or 52.68% up from the average. Resolute Energy Corporation (NYSE:REN) has declined 8.49% since May 18, 2017 and is downtrending. It has underperformed by 20.04% the S&P500.

Resolute Energy Corporation, an independent gas and oil company, engages in the acquisition, exploitation, exploration for, and development of gas and oil properties in the United States. The company has market cap of $777.42 million. The firm holds interests in Permian Basin Properties covering approximately 23,900 gross acres located in the Permian Basin of Texas and southeast New Mexico; and the Aneth Field Properties consisting of approximately 44,000 gross acres situated in the Paradox Basin in southeast Utah. It currently has negative earnings. As of December 31, 2016, its estimated net proved reserves were approximately 60.3 million barrels of oil equivalent.

Resolute Energy Corporation (NYSE:REN) Ratings Coverage

Among 7 analysts covering Resolute Energy Corp (NYSE:REN), 2 have Buy rating, 0 Sell and 5 Hold. Therefore 29% are positive. Resolute Energy Corp has $45.0 highest and $37.0 lowest target. $39.67’s average target is 16.06% above currents $34.18 stock price. Resolute Energy Corp had 9 analyst reports since November 20, 2017 according to SRatingsIntel. The rating was maintained by Northland Capital with “Buy” on Monday, December 11. The rating was maintained by Northland Capital with “Buy” on Wednesday, March 14. The stock of Resolute Energy Corporation (NYSE:REN) has “Hold” rating given on Monday, February 5 by FBR Capital. The rating was downgraded by Goldman Sachs to “Neutral” on Thursday, April 12. Goldman Sachs maintained Resolute Energy Corporation (NYSE:REN) on Wednesday, December 6 with “Buy” rating. The company was downgraded on Tuesday, April 3 by Seaport Global. The rating was downgraded by SunTrust to “Hold” on Monday, April 16.

More recent Resolute Energy Corporation (NYSE:REN) news were published by: Globenewswire.com which released: “Resolute Energy Corporation to announce results for the first quarter ended March 31, 2018, will hold an investor …” on May 01, 2018. Also Seekingalpha.com published the news titled: “US Shale: NAV Analysis Of Anadarko Basin E&Ps” on May 10, 2018. Globenewswire.com‘s news article titled: “Resolute Energy Corporation Appoints Three New Directors and Announces Intention to Declassify its Board” with publication date: May 15, 2018 was also an interesting one.

Resolute Energy Corporation (NYSE:REN) Ratings Chart

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