Weekly Analysts’ Ratings Updates for Ring Energy (REI)

A number of research firms have changed their ratings and price targets for Ring Energy (NYSEAMERICAN: REI):

  • 1/16/2018 – Ring Energy was given a new $22.00 price target on by analysts at Roth Capital. They now have a “buy” rating on the stock.
  • 1/13/2018 – Ring Energy was downgraded by analysts at Zacks Investment Research from a “strong-buy” rating to a “hold” rating. According to Zacks, “Ring Energy, Inc. is engaged in the exploration and development of oil and gas. The company operates primarily in Texas and Kansas. Ring Energy, Inc. is based in TULSA, United States. “
  • 1/11/2018 – Ring Energy is now covered by analysts at KLR Group. They set a “buy” rating on the stock.
  • 1/11/2018 – Ring Energy was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong-buy” rating. They now have a $16.00 price target on the stock. According to Zacks, “Ring Energy, Inc. is engaged in the exploration and development of oil and gas. The company operates primarily in Texas and Kansas. Ring Energy, Inc. is based in TULSA, United States. “
  • 12/21/2017 – Ring Energy is now covered by analysts at KLR Group. They set a “buy” rating and a $20.00 price target on the stock.
  • 12/11/2017 – Ring Energy was given a new $18.00 price target on by analysts at Northland Securities. They now have a “buy” rating on the stock.

Ring Energy Inc (REI) opened at $15.55 on Thursday. The firm has a market cap of $850.31, a price-to-earnings ratio of 141.36 and a beta of 0.79. Ring Energy Inc has a 1-year low of $9.22 and a 1-year high of $15.95.

Ring Energy (NYSEAMERICAN:REI) last released its quarterly earnings results on Wednesday, November 8th. The company reported $0.06 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.02. Ring Energy had a net margin of 18.47% and a return on equity of 3.75%.

In other Ring Energy news, CEO Kelly W. Hoffman sold 51,238 shares of the company’s stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $13.79, for a total transaction of $706,572.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Daniel D. Wilson sold 50,000 shares of the company’s stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $13.77, for a total transaction of $688,500.00. The disclosure for this sale can be found here. Insiders sold 262,724 shares of company stock valued at $3,727,430 over the last quarter.

Ring Energy, Inc (Ring) is an exploration and production company that is engaged in oil and natural gas acquisition, exploration, development and production activities. The Company’s exploration and production interests are focused on Texas and Kansas. Its operations are all oil and gas exploration and production related activities in the United States.

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