Ring Energy (REI) Stock Rating Reaffirmed by Ifs Securities

Ring Energy (NASDAQ:REI)‘s stock had its “outperform” rating reiterated by research analysts at Ifs Securities in a research note issued to investors on Monday.

Separately, Seaport Global Securities reiterated a “buy” rating on shares of Ring Energy in a research note on Friday, September 7th.

REI traded up $0.12 during trading on Monday, hitting $7.25. The stock had a trading volume of 49,945 shares, compared to its average volume of 730,532. Ring Energy has a twelve month low of $6.75 and a twelve month high of $17.35.

Ring Energy (NASDAQ:REI) last announced its earnings results on Wednesday, August 8th. The company reported $0.09 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.13 by ($0.04). The business had revenue of $29.93 million for the quarter, compared to the consensus estimate of $30.05 million.

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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