Resolute Energy Corporation REN was a big mover last session, as the company saw its shares rise over 14% on the day. The news led to far more shares changing hands than in a normal session, resulting in solid volume. This breaks the recent trend for the company as the stock is now trading above the volatile price range of $2.88 to $6.67 in the past one-month time frame.
The company has seen two positive estimate revisions in the last 30 days, while its Zacks Consensus Estimate moved higher suggesting more solid trading ahead. So make sure to keep an eye on this stock going forward to see if yesterday’s jump can turn into more strength down the road.
Resolute Energy has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Another better-ranked stock in the same industry is Laredo Petroleum, Inc LPI sporting a Zacks Rank #1 (Strong Buy).
Is REN going up? Or down? Predict to see what others think: Up or Down
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RESOLUTE ENERGY (REN): Free Stock Analysis Report
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