A statement released earlier today by Rodman & Renshaw about Resolute Energy (NYSE:REN) raises the target price to $32.00
- Updated: October 4, 2016
Yesterday Resolute Energy (NYSE:REN) traded -1.46% lower at $25.68. Resolute Energy’s 50-day average is $21.01 and its two hundred day average is $8.45. The last close is up 203.75% relative to the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Volume of trade was down over the average, with 1,307,440 shares of REN changing hands under the typical 2,263,610
Resolute Energy (NYSE:REN) had its stock price target increased to $32.00 by Rodman & Renshaw in a report released Wednesday October 05, 2016. The new stock price target indicates a potential upside of 0.25% from the company's most recent close.
Previously on 10/4/2016, Zacks Investment Research reported about Resolute Energy (NYSE:REN) bumped up the target price from $0.00 to $29.00. At the time, this indicated a possible upside of 0.13%.
Recent Performance Chart
Resolute Energy has 52 week low of $2.05 and a 52 week high of $26.50 and has a market capitalization of $0.
About Resolute Energy (NYSE:REN)
Resolute Energy Corporation is an independent oil and gas company. The Company is engaged in the exploitation, development, exploration for and acquisition of oil and gas properties. Its properties are Aneth Field located in the Paradox Basin in southeast Utah (the Aneth Field Properties or Aneth Field), and the Permian Basin in Texas and southeast New Mexico (the Permian Properties or Permian Basin Properties). It has an interest in gas gathering and compression facilities located within and adjacent to its Aneth Field Properties. Aneth Field is an oil field in southeast Utah, which produces approximately 6,290 equivalent barrels of oil per day. It owns working interests in the Aneth Unit, the McElmo Creek Unit and the Ratherford Unit. The Company has interests in approximately 27,750 gross (17,570 net) acres in the Permian Basin of Texas and southeast New Mexico. It covers over two project areas, including the Delaware Basin project area and the Northwest Shelf project area.
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