|Bid||34.82 x 800|
|Ask||34.83 x 900|
|Day's Range||33.09 - 35.80|
|52 Week Range||24.60 - 39.28|
|Beta (3Y Monthly)||2.75|
|PE Ratio (TTM)||N/A|
|Earnings Date||Nov 5, 2018 - Nov 9, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||43.89|
NEW YORK , Nov. 19, 2018 /PRNewswire/ -- Rowley Law PLLC is investigating potential claims against Resolute Energy Corporation (NYSE: REN) and its board of directors for breach of fiduciary duty concerning ...
Oil and gas producer Cimarex Energy Co on Monday agreed to buy smaller rival Resolute Energy Corp for about $811 million, adding more assets in the shale-rich Permian Basin for a premium of roughly 15 percent. The region has seen several deals as bigger producers add more assets, allowing them to negotiate better with oilfield services, frac sand providers and pipeline operators as production costs rise. As part of the deal, Resolute shareholders have the option to receive 0.3943 shares of Cimarex common stock, $35 per share in cash, or a combination of $14 per share in cash and 0.2366 share of Cimarex common stock.
Do you own shares of Resolute Energy Corporation (NYSE: REN)? Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of Resolute Energy Corporation (“Resolute” or the “Company”) (NYSE: REN) regarding possible breaches of fiduciary duties and other violations of law related to the Company’s entry into an agreement to merge with Cimarex Energy Co. (“Cimarex”) (NYSE: XEC) in a transaction valued at approximately $1.6 billion.
NEW YORK, Nov. 19, 2018 -- The following statement is being issued by Levi & Korsinsky, LLP: To: All Persons or Entities who purchased Resolute Energy Corporation.
SAN DIEGO , Nov. 19, 2018 /PRNewswire/ -- Shareholder rights law firm Johnson Fistel, LLP has launched an investigation into whether the board members of Resolute Energy Corporation (NYSE: REN) ("Resolute") ...
Shares of Resolute Energy Co. were indicated up over 8% in premarket trade Monday, after the oil and gas company announced a deal to be acquired by Cimarex Energy Co. in a cash and stock deal valued at $1.6 billion, including $710 million in debt. Under terms of the deal, Resolute shareholders can choose between receiving 0.3943 of Cimarex shares, $35 in cash, or a combination of 0.2366 Cimarex shares and $14 in cash for each Resolute share they own. The $35 bid represents a 15% premium to Friday's closing price of $30.49. The cash portion of the deal, which is expected to close by the end of the first quarter of 2019, is expected to be funded through a combination of cash on hand and borrowings under Cimarex's revolving credit facility. "The Resolute assets are expected to generate free cash flow in 2019, basically funding any additional development capital from the start," said Cimarex Chief Executive Thomas Jorden. Cimarex shares were still inactive in premarket trade. Year to date, Resolute's stock has lost 3.1% and Cimarex shares have shed 27%, while the SPDR Energy Select Sector ETF has declined 7.0% and the S&P 500 has gained 2.3%.
DENVER, Nov. 19, 2018 /PRNewswire/ -- Cimarex (XEC) and Resolute Energy Corporation (REN) ("Resolute") today announced that Cimarex has entered into a definitive agreement to acquire Resolute in a cash and stock transaction valued at $35.00 per share, or a total purchase price of approximately $1.6 billion, including Resolute's long term debt of $710 million, as of September 30, 2018. The transaction was unanimously approved by both companies' Boards of Directors. "This high-quality, bolt-on asset is tailor-made for Cimarex," said Thomas E. Jorden, Chairman, President and CEO of Cimarex.
NEW YORK, Nov. 16, 2018 -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors,.
Resolute Energy (REN) delivered earnings and revenue surprises of -40.85% and 2.11%, respectively, for the quarter ended September 2018. Do the numbers hold clues to what lies ahead for the stock?
The Denver-based company said it had a loss of 70 cents per share. Earnings, adjusted for non-recurring costs, were 42 cents per share. The results fell short of Wall Street expectations. The average estimate ...
DENVER, Nov. 05, 2018 -- Resolute Energy Corporation (“Resolute” or the “Company”) (NYSE: REN) today reported operating and financial results for the quarter and nine months.
DENVER, Oct. 30, 2018 -- Resolute Energy Corporation (NYSE: REN) announced today that it will issue a press release covering operating and financial results for the third.
The nation’s largest 3,000 public companies suffered a net loss of $2.1 trillion between Sept. 30 and Oct. 24, according to a Business Journals analysis of Bloomberg data.
Resolute Energy (REN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
A private-equity firm is urging oil producer Resolute Energy Corp. to merge with a rival, the latest salvo in a growing campaign by some investors to force shale drillers to consolidate. Kimmeridge Energy Management Co. told Resolute’s board of directors in a letter Friday that it was stepping up call for changes at the company, saying Resolute had failed to follow through on a strategic review to explore a merger or potential asset sale announced in May after investor pressure. New York-based Kimmeridge said in the letter that it may seek to install new board members at Resolute, which is focused on the Permian Basin in West Texas and New Mexico, if it doesn’t heed the firm’s suggestions.
As beneficial owners of almost 10% of Resolute Energy Corporation ("Resolute" or the "Company") shares, we are writing to you today as concerned shareholders. In 2017, Kimmeridge acquired a position in Resolute based on our belief that the Company's assets were materially undervalued in the market and that the Company had an opportunity to deliver significant value to shareholders by improving operational execution and engaging in appropriate strategic combinations or a sale of the Company.
NEW YORK, Oct. 16, 2018 -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors,.
While these companies might not've spoken out publicly on the topic of tariffs, they have noted their concerns in SEC filings.
Aggregate third quarter 2018 production averaged approximately 34,750 barrel of oil equivalent (“Boe”) per day, an increase of 45 percent from the second quarter. Third quarter 2018 oil production averaged approximately 15,740 barrels of oil per day, an increase of approximately 47 percent over second quarter 2018. Year over year, third quarter Boe production increased 54 percent and oil production increased approximately 40 percent, both pro forma for the divestiture of the Aneth Field assets. Growth in production is being driven by the Company’s successful ongoing development program. During the quarter, the Company spud six wells, reached total depth on thirteen wells and placed eighteen wells on production. Third quarter 2018 net loss is expected to increase compared to the second quarter net loss of $3.7 million due in large part to the effect of non-cash mark-to-market derivative losses. Third quarter 2018 Adjusted EBITDA is expected to be nearly double second quarter 2018 Adjusted EBITDA of $33.7 million (a non-GAAP measure as defined and reconciled below). This significant increase in expected Adjusted EBIDTA is being driven by stronger production volumes, as well as lower unit operating and overhead costs.
DENVER, Sept. 19, 2018-- Resolute Energy Corporation today announced that its Board of Directors declared a cash dividend of $20.3125 per share on its 8⅛% Series B Cumulative Perpetual Convertible Preferred ...
Diversified Gas & Oil (DGOC), which owns and operates natural gas and crude oil producing wells in the Appalachian Basin, was the strongest upstream stock in the week ending September 14. Diversified Gas & Oil rose 12.4% last week. Overall, the company has gained 53.9% since the beginning of 2018. The company’s strong YTD returns could be attributed to its strong earnings growth and the recent “acquisition of EQT Corporation’s southern Appalachian producing gas and oil and midstream assets,” as noted in the related press release. ...