What analyst predict for Resolute Energy Corporation NYSE:REN ?
Resolute Energy Corporation NYSE:REN headquartered in Denver, Colorado, United States is reporting their earnings on 05/07/2018 before the bell. Street forecast for the quarter ending March 2018 is $0.42.
According to stock market daily analyst this is Lower then same time previous year. Resolute Energy Corporation reported EPS for the same quarter last year was $-0.3.
Overview of Resolute Energy Corporation NYSE:REN
Resolute is rapidly becoming a Delaware Basin pure play. Since 2011 Resolute has been active in Delaware Basin, and has drilled and completed more than 30 mid-length and long lateral horizontal wells, targeting the Wolfcamp A and B formations. The Company’s Delaware Basin focus allows it to maximize drilling, completion and operating efficiencies in the most attractive oil and gas province in the United States. Pro forma for the Bronco acquisition scheduled to close in May 2017, the Company will have 21,000 net acres and a drilling inventory of more than 460 wells, giving Resolute an identified opportunity set of more than ten years’ worth of activity. Resolute has announced plans to sell its Aneth Field assets, its sole remaining non-Delaware Basin asset.
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