Resolute Energy Corp (REN) Getting Somewhat Favorable Media Coverage, Study Finds
News articles about Resolute Energy Corp (NYSE:REN) have been trending somewhat positive recently, according to AlphaOne. AlphaOne, a unit of Accern, identifies negative and positive news coverage by monitoring more than twenty million blog and news sources. AlphaOne ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Resolute Energy Corp earned a media sentiment score of 0.01 on AlphaOne’s scale. AlphaOne also assigned news coverage about the oil and gas exploration company an impact score of 93 out of 100, indicating that recent news coverage is extremely likely to have an impact on the company’s share price in the immediate future.
Here are some of the media stories that may have impacted Alpha One’s rankings:
- Resolute Energy Corp to Post FY2017 Earnings of $1.64 Per Share, Capital One Financial Corp. Forecasts (REN) (americanbankingnews.com)
- Resolute Energy Corporation (NYSE:REN) Files An 8-K Regulation FD Disclosure (4-traders.com)
- Resolute Energy (REN) Engages Petrie Partners, Barclays for Aneth Field Properties Sale – StreetInsider.com (streetinsider.com)
- Resolute Energy Corp (REN) Earning Somewhat Positive Media Coverage, Study Shows (americanbankingnews.com)
Resolute Energy Corp (NYSE:REN) traded down 1.13% during midday trading on Friday, hitting $38.38. 795,514 shares of the stock traded hands. The company’s 50-day moving average is $40.88 and its 200-day moving average is $37.93. Resolute Energy Corp has a one year low of $2.51 and a one year high of $49.14. The company’s market cap is $835.95 million.
Several brokerages have commented on REN. Zacks Investment Research raised shares of Resolute Energy Corp from a “hold” rating to a “buy” rating and set a $51.00 price target for the company in a research report on Wednesday, February 1st. Barclays PLC decreased their price target on shares of Resolute Energy Corp to $32.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 24th. BMO Capital Markets began coverage on shares of Resolute Energy Corp in a research report on Monday, January 9th. They issued an “outperform” rating and a $50.00 price target for the company. Finally, KLR Group reissued a “buy” rating and issued a $54.00 price target on shares of Resolute Energy Corp in a research report on Wednesday, March 15th. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The company has an average rating of “Buy” and an average price target of $42.58.
About Resolute Energy Corp
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. The Company’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).
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