Resolute Energy (REN) Shares Cross Below Book Value

In trading on Monday, shares of Resolute Energy Corp (REN) crossed below their last reported book value — defined as common shareholder equity per share — of $6.67, changing hands as low as $6.64 per share. Resolute Energy Corp shares are currently trading down about 5.9% on the day. The chart below shows the one year performance of REN shares, versus its 50 and 200 day moving averages:

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Resolute Energy Corp Moving Averages Chart

Looking at the chart above, REN's low point in its 52 week range is $6.45 per share, with $10.97 as the 52 week high point — that compares with a last trade of $6.67.

According to the ETF Finder at ETF Channel, REN makes up 1.02% of the SPDR S&P Oil & Gas Exploration & Production ETF ( XOP) which is trading lower by about 3.1% on the day Monday.

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