Ring Energy Inc (NYSEAMERICAN:REI) – Equities research analysts at Capital One Financial increased their FY2017 EPS estimates for Ring Energy in a research note issued to investors on Wednesday. Capital One Financial analyst R. Tullis now forecasts that the company will post earnings per share of $0.25 for the year, up from their previous forecast of $0.23. Capital One Financial also issued estimates for Ring Energy’s Q4 2017 earnings at $0.08 EPS, Q1 2018 earnings at $0.18 EPS and Q2 2018 earnings at $0.23 EPS.

A number of other research analysts have also recently weighed in on REI. Roth Capital set a $20.00 target price on shares of Ring Energy and gave the company a “buy” rating in a research note on Friday, October 6th. Northland Securities set a $20.00 target price on shares of Ring Energy and gave the company a “buy” rating in a research note on Saturday, October 21st. SunTrust Banks reiterated a “buy” rating and issued a $19.00 target price on shares of Ring Energy in a research note on Friday, November 10th. KLR Group started coverage on shares of Ring Energy in a research note on Thursday, December 21st. They set a “buy” rating and a $20.00 price target on the stock. Finally, Zacks Investment Research upgraded shares of Ring Energy from a “hold” rating to a “strong-buy” rating and set a $16.00 price target on the stock in a research note on Thursday. Seven investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Ring Energy has an average rating of “Buy” and an average price target of $18.25.

Ring Energy (REI) opened at $15.31 on Friday. The firm has a market cap of $831.35, a PE ratio of 139.18 and a beta of 0.79. Ring Energy has a 52 week low of $9.22 and a 52 week high of $15.85.

In other Ring Energy news, CFO William Randall Broaddrick sold 75,000 shares of the stock in a transaction that occurred on Thursday, December 21st. The shares were sold at an average price of $14.02, for a total value of $1,051,500.00. Following the sale, the chief financial officer now directly owns 50,000 shares in the company, valued at approximately $701,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Daniel D. Wilson sold 50,000 shares of the stock in a transaction that occurred on Monday, November 27th. The stock was 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 have sold a total of 262,724 shares of company stock worth $3,727,430 over the last 90 days.

An institutional investor recently raised its position in Ring Energy stock. Dalton Greiner Hartman Maher & Co. boosted its position in Ring Energy Inc (NYSEAMERICAN:REI) by 44.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 242,973 shares of the company’s stock after purchasing an additional 75,194 shares during the quarter. Dalton Greiner Hartman Maher & Co. owned about 0.45% of Ring Energy worth $3,377,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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Ring Energy Company Profile

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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