Stock analysts at KLR Group assumed coverage on shares of Ring Energy (NYSEAMERICAN:REI) in a research report issued on Thursday. The brokerage set a “buy” rating on the stock.

Several other equities research analysts have also recently weighed in on the stock. Roth Capital set a $20.00 target price on shares of Ring Energy and gave the company a “buy” rating in a research note on Wednesday, August 23rd. Northland Securities set a $20.00 target price on shares of Ring Energy and gave the company a “buy” rating in a research note on Saturday, October 21st. Finally, SunTrust Banks reiterated a “buy” rating and issued a $19.00 target price on shares of Ring Energy in a research note on Friday, November 10th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $18.33.

Shares of Ring Energy (REI) opened at $13.96 on Thursday. Ring Energy has a fifty-two week low of $9.22 and a fifty-two week high of $15.13.

In related news, Director Rochford Living Trust Lloyd Ti sold 86,486 shares of the stock in a transaction dated Tuesday, December 5th. The shares were sold at an average price of $14.81, for a total value of $1,280,857.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Daniel D. Wilson sold 50,000 shares of the firm’s stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $13.77, for a total transaction of $688,500.00. The disclosure for this sale can be found here. Insiders sold 187,724 shares of company stock valued at $2,675,930 in the last three months.

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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.

Analyst Recommendations for Ring Energy (NYSEAMERICAN:REI)

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