Ring Energy (REI) Given Media Impact Rating of 0.26
Media headlines about Ring Energy (NYSE:REI) have trended positive this week, Alpha One Sentiment Analysis reports. The research firm, a division of Accern, rates the sentiment of media coverage by reviewing more than 20 million news and blog sources. Alpha One ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Ring Energy earned a daily sentiment score of 0.26 on Alpha One’s scale. Alpha One also assigned media headlines about the company an impact score of 100 out of 100, indicating that recent media coverage is extremely likely to have an impact on the company’s share price in the immediate future.
Ring Energy (NYSE:REI) traded up 4.07% during mid-day trading on Friday, reaching $12.28. 836,443 shares of the company’s stock were exchanged. Ring Energy has a 52-week low of $7.48 and a 52-week high of $14.14. The stock’s market cap is $603.76 million. The company has a 50-day moving average of $12.87 and a 200-day moving average of $12.34.
Ring Energy (NYSE:REI) last announced its earnings results on Tuesday, May 9th. The company reported $0.03 EPS for the quarter, hitting the consensus estimate of $0.03. The company had revenue of $12.24 million for the quarter, compared to the consensus estimate of $11.47 million. Equities research analysts anticipate that Ring Energy will post $0.26 earnings per share for the current year.
Several brokerages recently commented on REI. Ladenburg Thalmann Financial Services reaffirmed a “buy” rating and set a $17.00 target price (up previously from $15.00) on shares of Ring Energy in a report on Saturday, April 22nd. Roth Capital set a $19.00 target price on shares of Ring Energy and gave the stock a “buy” rating in a report on Monday, April 17th. Canaccord Genuity reaffirmed a “buy” rating on shares of Ring Energy in a report on Wednesday, April 5th. Finally, Zacks Investment Research downgraded shares of Ring Energy from a “hold” rating to a “sell” rating in a report on Wednesday, March 1st. One analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $16.79.
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In other Ring Energy news, CEO Kelly W. Hoffman sold 60,000 shares of the business’s stock in a transaction dated Wednesday, April 19th. The shares were sold at an average price of $12.00, for a total value of $720,000.00. Following the completion of the sale, the chief executive officer now owns 67,546 shares of the company’s stock, valued at approximately $810,552. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
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