Monarch Alternative Capital Lp adds Resolute Energy Corp (REN) to its portfolio

Resolute Energy Corp (REN) : Monarch Alternative Capital Lp added new position in Resolute Energy Corp during the most recent quarter end. The investment management firm now holds 540,862 shares of Resolute Energy Corp which is valued at $14,651,952 , the company said in a statement filed on Nov 14, 2016 with the SEC.Resolute Energy Corp makes up approximately 13.76% of Monarch Alternative Capital Lp’s portfolio.

Other Hedge Funds, Including , Millennium Management boosted its stake in REN in the latest quarter, The investment management firm added 143,710 additional shares and now holds a total of 285,010 shares of Resolute Energy Corp which is valued at $7,720,921. Resolute Energy Corp makes up approx 0.01% of Millennium Management’s portfolio.Blackrock Fund Advisors boosted its stake in REN in the latest quarter, The investment management firm added 344 additional shares and now holds a total of 3,227 shares of Resolute Energy Corp which is valued at $75,899. Blackrock Group Ltd added REN to its portfolio by purchasing 5,363 company shares during the most recent quarter which is valued at $126,138. Quantbot Technologies Lp added REN to its portfolio by purchasing 1,043 company shares during the most recent quarter which is valued at $26,482. Acadian Asset Management added REN to its portfolio by purchasing 4,280 company shares during the most recent quarter which is valued at $139,143.

Resolute Energy Corp opened for trading at $30.89 and hit $31.6399 on the upside on Monday, eventually ending the session at $31.14, with a gain of 3.66% or 1.1 points. The heightened volatility saw the trading volume jump to 5,01,455 shares. Company has a market cap of $547 M.

On the company’s financial health, Resolute Energy Corp reported $-1.24 EPS for the quarter, missing the analyst consensus estimate by $ -1.78 based on the information available during the earnings call on Nov 7, 2016. Analyst had a consensus of $0.54. The company had revenue of $47.42 million for the quarter, compared to analysts expectations of $71.03 million. The company’s revenue was up 29.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-2.44 EPS.

Many Wall Street Analysts have commented on Resolute Energy Corp. Rodman & Renshaw Initiated Resolute Energy Corp on Oct 5, 2016 to “Buy”, Price Target of the shares are set at $32.Seaport Global Securities Initiated Resolute Energy Corp on Oct 5, 2016 to “Buy”, Price Target of the shares are set at $45.Company shares were Reiterated by Wunderlich on Aug 22, 2016 to “Buy”, Firm has raised the Price Target to $ 25 from a previous price target of $15 .

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 asset base consists primarily of properties in Aneth Field located in the Paradox Basin in southeast Utah (the Aneth Field Properties or Aneth Field) the Permian Basin in Texas and southeast New Mexico (the Permian Properties or Permian Basin Properties) and the Powder River and Big Horn Basins in Wyoming (the Wyoming Properties). Approximately 86% of its estimated net proved reserves were oil and approximately 92% were oil and natural gas liquids (NGL). The Company has an interest in gas gathering and compression facilities located within and adjacent to its Aneth Field Properties. Collectively called the Aneth Gas Processing Plant the facility consists of an active gas compression operation operated by it and a dismantled gas processing facility.

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