Somewhat Favorable News Coverage Somewhat Unlikely to Affect Ring Energy (REI) Stock Price
News headlines about Ring Energy (NYSE:REI) have been trending somewhat positive on Thursday, Accern Sentiment reports. The research group rates the sentiment of media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Ring Energy earned a daily sentiment score of 0.12 on Accern’s scale. Accern also gave news stories about the company an impact score of 45.9741780410726 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the media headlines that may have effected Accern’s analysis:
- Report Coverage on Real Estate Stocks, RioCan REIT, H and R REIT, Dream Global REIT, and Canadian REIT (finance.yahoo.com)
- Ring Energy, Inc. – Value Analysis (NYSE AMERICAN:REI) : August 29, 2017 (finance.yahoo.com)
- Ring Energy: Does Its Strong Growth Add Shareholder Value? (seekingalpha.com)
- Short Interest in Ring Energy (REI) Increases By 2.9% (americanbankingnews.com)
- Free Bonus Included! Absolutely Anonymously! Get your 35% discount bonus for Avana at Unbeatable Prices! Common and serena williams!! (thewartburgwatch.com)
A number of research analysts recently issued reports on REI shares. Zacks Investment Research lowered Ring Energy from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Roth Capital set a $20.00 target price on Ring Energy and gave the stock a “buy” rating in a report on Thursday, August 10th. Northland Securities set a $20.00 target price on Ring Energy and gave the stock a “buy” rating in a report on Monday, August 14th. 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 investment analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $17.33.
Shares of Ring Energy (NYSE REI) traded up 1.85% during trading on Thursday, reaching $12.08. The company had a trading volume of 23,470 shares. Ring Energy has a 52-week low of $8.76 and a 52-week high of $14.14. The firm’s market capitalization is $654.07 million. The company has a 50 day moving average of $12.89 and a 200-day moving average of $12.29.
Ring Energy (NYSE:REI) last announced its quarterly earnings data on Tuesday, August 8th. The company reported $0.04 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.04. The business had revenue of $14.50 million during the quarter, compared to analyst estimates of $14.20 million. Equities analysts expect that Ring Energy will post $0.19 earnings per share for the current year.
About Ring Energy
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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