Ring Energy (REI) Earning Somewhat Positive Media Coverage, Analysis Finds
News headlines about Ring Energy (NYSE:REI) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research firm identifies positive and negative press coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Ring Energy earned a media sentiment score of 0.09 on Accern’s scale. Accern also assigned news stories about the company an impact score of 46.4829373222405 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the news stories that may have effected Accern’s rankings:
- Short Interest in Ring Energy (REI) Decreases By 7.7% (americanbankingnews.com)
- Ring Energy Boosts Permian Output 80% in Third Quarter (naturalgasintel.com)
- Ring Energy (REI) Given a $20.00 Price Target by Roth Capital Analysts (americanbankingnews.com)
- ETFs with exposure to Ring Energy, Inc. : October 5, 2017 (finance.yahoo.com)
A number of equities research analysts have commented on REI shares. Roth Capital set a $20.00 target price on Ring Energy and gave the company a “buy” rating in a report on Friday, October 6th. Northland Securities set a $20.00 target price on Ring Energy and gave the company a “buy” rating in a report on Monday, August 14th. Zacks Investment Research upgraded Ring Energy from a “sell” rating to a “hold” rating in a report on Tuesday, August 8th. Finally, Imperial Capital started coverage on Ring Energy in a report on Tuesday, August 15th. They set an “outperform” rating and a $18.00 target price on the stock. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $18.60.
Ring Energy (NYSE:REI) traded up 0.15% during midday trading on Thursday, hitting $13.04. The stock had a trading volume of 82,801 shares. The stock’s market cap is $706.05 million. Ring Energy has a one year low of $8.76 and a one year high of $14.67. The firm has a 50 day moving average price of $13.04 and a 200 day moving average price of $12.65.
Ring Energy (NYSE:REI) last announced its earnings results on Tuesday, August 8th. The company reported $0.04 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.04. The firm had revenue of $14.50 million for the quarter, compared to analyst estimates of $14.20 million. Equities analysts expect that Ring Energy will post $0.19 EPS for the current year.
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Ring Energy Company Profile
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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