NEW YORK ( TheStreet) -- Resolute Energy (NYSE: REN) hit a new 52-week low Wednesday as it is currently trading at $8.57, below its previous 52-week low of $8.62 with 344,846 shares traded as of 1:30 p.m. ET. Average volume has been 730,500 shares over the past 30 days. Resolute Energy has a market cap of $561.8 million and is part of the basic materials sector and energy industry. Shares are down 15.9% year to date as of the close of trading on Tuesday. 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 10.8, below the average energy industry P/E ratio of 12.6 and below 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, compelling growth in net income and impressive record of earnings per share growth. 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. See all 52-week low stocks or get investment ideas from our investment research center.