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

  • 8/23/2017 – Ring Energy was given a new $20.00 price target on by analysts at Roth Capital. They now have a “buy” rating on the stock.
  • 8/15/2017 – Ring Energy is now covered by analysts at Imperial Capital. They set an “outperform” rating and a $18.00 price target on the stock.
  • 8/14/2017 – Ring Energy was given a new $20.00 price target on by analysts at Northland Securities. They now have a “buy” rating on the stock.
  • 8/10/2017 – Ring Energy was given a new $20.00 price target on by analysts at Roth Capital. They now have a “buy” rating on the stock.
  • 8/8/2017 – Ring Energy was upgraded by analysts at Zacks Investment Research from a “sell” 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. “
  • 7/12/2017 – Ring Energy was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” 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. “

Shares of Ring Energy (REI) opened at 11.86 on Thursday. Ring Energy has a one year low of $8.76 and a one year high of $14.14. The company’s market cap is $642.16 million. The firm has a 50-day moving average of $12.89 and a 200-day moving average of $12.29.

Ring Energy (NYSE:REI) last posted its quarterly earnings results on Tuesday, August 8th. The company reported $0.04 EPS for the quarter, hitting the consensus estimate of $0.04. The company had revenue of $14.50 million for the quarter, compared to analysts’ expectations of $14.20 million. Equities research analysts forecast that Ring Energy will post $0.19 EPS for the current fiscal year.

Ring Energy, Inc acquires, explores for, develops, and produces oil and natural gas in Texas and Kansas, the United States. As of December 31, 2016, its proved reserves consisted of approximately 27.7 million barrel of oil equivalent. The company also owns interests in 32,663 net developed and undeveloped acres in Andrews and Gaines counties, and 20,490 net developed and undeveloped acres in Reeves and Culberson counties, Texas; and 14,549 net developed and undeveloped acres in Kansas.

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