The stock last traded at $29.88 slightly over the 50 day moving average which is $28.33 and significantly lower than the 200 day moving average of $34.97. The 50 day moving average was up $1.55 or +5.48% whereas the 200 day average was down by -14.55%. Resolute Energy Corporation Com shares had a trading volume of 678K on Wednesday. Trading volume was up 154.70% over the stocks average daily volume.
Traders are a little more bullish on Resolute Energy Corporation Com of late if you take note of the change in short interest. The stock experienced a fall in short interest of -2.91% as of August 31, 2017 from the last reporting period. Short shares fell from 5,901,152 to 5,729,434 over that timeframe. With short interest at 5,729,434 and short average daily volume at 431,457, the short-interest ratio is 13.0 and the percentage of shorted shares is 0.26% as of August 31.
On September 18 the company was rated “Market Perform” according to a BMO Capital report which was a cut from the previous “” rating. Equity analyst Imperial Capital initiated coverage giving it an initial rating of “Outperform”.
On July 17 analysts at Goldman Sachs began coverage of the stock by announcing an initial rating of “Neutral”.
In the last earnings report the EPS was $-1.56 and is expected to be $0.89 for the current year with 22,057,000 shares now outstanding. Analysts expect next quarter’s EPS will be $0.60 and the next full year EPS is anticipated to be $2.88.
Resolute Energy Corporation, launched on July 28, 2009, is an independent oil and gas company. The Company is involved in the exploitation, development, exploration for and acquisition of oil and gas properties. The Business’s assets are located primarily in the Delaware Basin in west Texas (the Permian Properties or Permian Basin Properties) and Aneth Field located in the Paradox Basin in southeast Utah (the Aneth Field Properties or Aneth Field). The Company has an interest in gas gathering and compression facilities located within and adjacent to its Aneth Field Properties..