Ring Energy (REI) Research Coverage Started at KLR Group
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.
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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.
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