Ring Energy, Inc. Common Stock (NYSE:REI) target price upped to $11.00, released a research note earlier today by Zacks Investment Research
- Updated: September 25, 2016
Zacks Investment Research raised the target price of Ring Energy, Inc. Common Stock (NYSE:REI) to $11.00 indicating a potential upside of 0%.
On 8/29/2016, Rodman & Renshaw released a statement for Ring Energy, Inc. Common Stock (NYSE:REI) bumped up the target price from $0.00 to $15.00 that suggested an upside of 0%.
Boasting a price of $0.00, Ring Energy, Inc. Common Stock (NYSE:REI) traded -1.17% lower on the day. With the last stock price close down 28.13% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Ring Energy, Inc. Common Stock has recorded a 50-day average of $9.96 and a two hundred day average of $7.93. Volume of trade was down over the average, with 144,978 shares of REI changing hands under the typical 204,220
With a total market value of $0, Ring Energy, Inc. Common Stock has with a one year low of $4.00 and a one year high of $11.53 .
A total of 11 equity analysts have released a ratings update on Ring Energy, Inc. Common Stock. Three brokerages rating the company a strong buy, seven brokerages rating the company a buy, two analysts rating the company a hold, zero analysts rating the company a underperform, and finally zero analysts rating the company a sell with a 12-month price target of $10.64.
More About Ring Energy, Inc. Common Stock (NYSE:REI)
Ring Energy, Inc. engages in the acquisition, exploration, development, and production of oil and natural gas in Texas and Kansas, the United States. As of December 31, 2015, the companyÂ’s proved reserves consisted of approximately 24.4 million barrel of oil equivalent. It also has interests in 18,130 net developed and undeveloped acres in Andrews and Gaines counties, and 19,679 net developed and undeveloped acres in Reeves and Culberson counties, Texas; and 16,674 net acres in Kansas. Ring Energy, Inc. primarily sells its oil and natural gas production to end users, marketers, and other purchasers. The company was formerly known as Transglobal Mining Corp. and changed its name to Ring Energy, Inc. in March 2008. Ring Energy, Inc. was founded in 2004 and is headquartered in Midland, Texas.
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