Market Overview

Sterne Agee Reiterates Resolute Energy at Neutral on Analyst Day

Share:
Related REN
Benzinga's Top Upgrades, Downgrades For September 18, 2017
18 Biggest Mid-Day Gainers For Friday

In a report published on Friday, Sterne Agee analyst Tim Rezvan reiterated a Neutral rating on Resolute Energy (NYSE: REN) following Resolute's analyst day.

In the report, Sterne Agee stated, "Resolute hosted an Analyst Day in Denver Wednesday, providing a deep dive into its asset base. Management expects its divestiture of Bakken assets to close in the next two months, but continued high leverage (we estimate post-sale net debt-TTM EBITDA of 4.6x) is a concern, despite the recent pullback in shares...Resolute reiterated its previous 2013 production guidance of 13-15 mboe/d and capital spending of $195-$220 million. "

Resolute Energy closed on Thursday at $7.79.

Latest Ratings for REN

DateFirmActionFromTo
Sep 2017BMO CapitalDowngradesOutperformMarket Perform
Jul 2017Imperial CapitalInitiates Coverage OnOutperform
Jul 2017Goldman SachsInitiates Coverage OnNeutral

View More Analyst Ratings for REN
View the Latest Analyst Ratings

Posted-In: Sterne Agee Tim RezvanAnalyst Color Reiteration Analyst Ratings

 

Related Articles (REN)

View Comments and Join the Discussion!
Loading...
Loading...