Multiple Top Pattern Is Formed By Resolute Energy Corporation (REN) at $33.45

June 27, 2018 - By Don Salinas

Resolute Energy Corporation (REN) formed a multiple top chart setup with $36.13 target. That’s 8.00 % above today’s $33.45 price per share. Finviz.com posted the multiple tops chart setup on Jun, 27. At $36.13 target, the company’s valuation could be $60.90 million more.

REN is reaching $33.45 during the last trading session, after increased 1.43%.Resolute Energy Corporation has volume of 42,562 shares. Since June 27, 2017 REN has declined 14.53% and is downtrending. REN underperformed by 27.10% the S&P500.

On August, 6 is awaited Resolute Energy Corporation (NYSE:REN)’s earnings report, Faxor reports. Analysts forecast $0.31 earnings per share, which is $0.16 down or 34.04 % from 2017’s $0.47 earnings per share. This could be $7.06 million profit for REN assuming the current $0.31 earnings per share will become reality. After $0.14 earnings per share was revealed previous quarter, analysts now see EPS growth of 121.43 % for Resolute Energy Corporation.

Resolute Energy Corporation (NYSE:REN) Ratings Coverage

In total 6 analysts cover Resolute Energy Corp (NYSE:REN). “Buy” rating has 1, “Sell” are 0, while 5 are “Hold”. (NYSE:REN) has 17% bullish analysts. With $45.0 highest and $39 lowest PT, Resolute Energy Corp has $41 average PT or 22.57% above the current ($33.45) price. 6 are the (NYSE:REN)’s ratings reports on Jun 27, 2018 according to StockzIntelligence Inc. In Monday, April 16 report SunTrust downgraded the stock to “Hold” rating. On Tuesday, April 3 the stock has “Hold” rating by Seaport Global. In Thursday, April 12 report Goldman Sachs downgraded the stock to “Neutral” rating. On Wednesday, March 14 the rating was maintained by Northland Capital with “Buy”. In Monday, February 5 report FBR Capital initiated the stock with “Hold” rating.

Another two news for Resolute Energy Corporation (NYSE:REN) were briefly announced by: Seekingalpha.com on June 14, 2018 with title “Hedge fund discloses stake in Resolute Energy, wants strategic alternatives”. The other Gurufocus.com‘s article was titled “Resolute Energy Corp (REN) CEO Richard F Betz Bought $101500 of Shares” and announced on June 05, 2018.

Resolute Energy Corporation (NYSE:REN) Analyst Ratings Chart

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