Ring Energy Inc (REI) to Post FY2017 Earnings of $0.20 Per Share, Imperial Capital Forecasts

Ring Energy Inc (NYSEAMERICAN:REI) – Equities research analysts at Imperial Capital increased their FY2017 EPS estimates for shares of Ring Energy in a research note issued on Thursday. Imperial Capital analyst J. Wangler now forecasts that the company will post earnings per share of $0.20 for the year, up from their prior forecast of $0.18. Imperial Capital also issued estimates for Ring Energy’s Q4 2017 earnings at $0.08 EPS and FY2018 earnings at $0.54 EPS.

A number of other equities analysts have also recently weighed in on REI. Zacks Investment Research cut shares of Ring Energy from a “strong-buy” rating to a “hold” rating in a research report on Saturday. KLR Group initiated coverage on shares of Ring Energy in a research report on Thursday. They issued a “buy” rating for the company. Roth Capital set a $20.00 price target on shares of Ring Energy and gave the company a “buy” rating in a research report on Friday, October 6th. Northland Securities set a $20.00 price target on shares of Ring Energy and gave the company a “buy” rating in a research report on Saturday, October 21st. Finally, SunTrust Banks reissued a “buy” rating and issued a $19.00 price target on shares of Ring Energy in a research report on Friday, November 10th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $18.29.

Ring Energy (NYSEAMERICAN:REI) opened at $15.70 on Friday. The firm has a market cap of $850.31, a P/E ratio of 142.73 and a beta of 0.79. Ring Energy has a 1 year low of $9.22 and a 1 year high of $15.92.

A hedge fund recently raised its stake in Ring Energy stock. Dalton Greiner Hartman Maher & Co. lifted its position in shares of Ring Energy Inc (NYSEAMERICAN:REI) by 44.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 242,973 shares of the company’s stock after purchasing an additional 75,194 shares during the period. Dalton Greiner Hartman Maher & Co. owned about 0.45% of Ring Energy worth $3,377,000 at the end of the most recent reporting period.

In other news, insider Daniel D. Wilson sold 50,000 shares of Ring Energy stock in a transaction on Monday, November 27th. The shares were sold at an average price of $13.77, for a total transaction of $688,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Kelly W. Hoffman sold 51,238 shares of Ring Energy stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $13.79, for a total transaction of $706,572.02. The disclosure for this sale can be found here. Insiders sold a total of 262,724 shares of company stock valued at $3,727,430 in the last three months.

ILLEGAL ACTIVITY WARNING: “Ring Energy Inc (REI) to Post FY2017 Earnings of $0.20 Per Share, Imperial Capital Forecasts” was originally posted by The Lincolnian Online and is owned by of The Lincolnian Online. If you are viewing this story on another site, it was copied illegally and republished in violation of U.S. and international trademark & copyright legislation. The correct version of this story can be read at https://www.thelincolnianonline.com/2018/01/14/ring-energy-inc-rei-to-post-fy2017-earnings-of-0-20-per-share-imperial-capital-forecasts.html.

About Ring Energy

Ring Energy, Inc (Ring) is an exploration and production company that is engaged in oil and natural gas acquisition, exploration, development and production activities. The Company’s exploration and production interests are focused on Texas and Kansas. Its operations are all oil and gas exploration and production related activities in the United States.

Receive News & Ratings for Ring Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ring Energy and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply