Resolute Energy (NYSE:REN) target price raised to $40.00, released a ratings update earlier today by Wunderlich Securities
- Updated: October 8, 2016
Yesterday Resolute Energy (NYSE:REN) traded -0.57% lower at $30.70. Resolute Energy’s 50-day moving average is $22.26 and its 200-day moving average is $9.12. The last stock price is up 223.55% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 947,107 shares of REN traded hands, down from an average trading volume of 2,365,840
Wunderlich Securities upped the price target of Resolute Energy (NYSE:REN) to $40.00 stating a potential upside of 0.30%.
Previously on 10/05/2016, HC Wainwright reported on Resolute Energy (NYSE:REN) increased the target price from $0.00 to $32.00. At the time, this indicated a possible upside of 0.25%.
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Resolute Energy has a 52 week low of $2.25 and a 52 week high of $31.05 The company’s market cap is currently $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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