NEW YORK ( TheStreet) -- Resolute Energy (NYSE: REN) hit a new 52-week low Tuesday as it is currently trading at $9.56, below its previous 52-week low of $9.70 with 453,655 shares traded as of 11:15 a.m. ET. Average volume has been 665,900 shares over the past 30 days. Resolute Energy has a market cap of $631.5 million and is part of the basic materials sector and energy industry. Shares are down 5.5% year to date as of the close of trading on Monday. Resolute Energy Corporation, an independent oil and gas company, engages in the acquisition, exploration, exploitation, and development of oil and gas properties in the United States. The company has a P/E ratio of 21.7, equal to the average energy industry P/E ratio 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, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, unimpressive growth in net income and feeble growth in the company's earnings per share. You can view the full Resolute Energy Ratings Report. See all 52-week low stocks or get investment ideas from our investment research center.