Resolute Energy Stock Hits New 52-Week Low (REN)

NEW YORK ( TheStreet) -- Resolute Energy (NYSE: REN) hit a new 52-week low Friday as it is currently trading at $10.39, below its previous 52-week low of $10.44 with 757,935 shares traded as of 2:30 p.m. ET. Average volume has been 639,400 shares over the past 30 days.

Resolute Energy has a market cap of $687.6 million and is part of the basic materials sector and energy industry. Shares are up 0.5% year to date as of the close of trading on Thursday.

Resolute Energy Corporation, an independent oil and gas company, engages in the acquisition, exploration, exploitation, and development of oil and gas properties primarily in onshore properties in the United States. The company has a P/E ratio of 22.8, below the average energy industry P/E ratio of 26.2 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Resolute Energy as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year. You can view the full Resolute Energy Ratings Report.

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