Ring Energy (NYSEAMERICAN:REI) – Equities research analysts at Capital One issued their FY2019 earnings per share (EPS) estimates for shares of Ring Energy in a research report issued on Thursday, May 10th, Zacks Investment Research reports. Capital One analyst R. Tullis forecasts that the company will post earnings per share of $1.45 for the year.
Several other equities research analysts have also commented on REI. B. Riley initiated coverage on Ring Energy in a research note on Monday, February 5th. They issued a “buy” rating and a $22.00 price objective for the company. Stephens restated a “buy” rating and issued a $19.00 price objective on shares of Ring Energy in a research note on Tuesday, April 24th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $19.00.
Ring Energy (NYSEAMERICAN:REI) last released its quarterly earnings results on Tuesday, May 8th. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.04). The firm had revenue of $29.89 million for the quarter, compared to the consensus estimate of $29.57 million. Ring Energy had a net margin of 18.47% and a return on equity of 3.75%.
A number of hedge funds have recently modified their holdings of REI. Profund Advisors LLC purchased a new stake in Ring Energy in the 1st quarter worth $146,000. Cubist Systematic Strategies LLC purchased a new stake in Ring Energy in the 1st quarter worth $170,000. Claraphi Advisory Network LLC purchased a new stake in Ring Energy in the 1st quarter worth $190,000. Mason Street Advisors LLC purchased a new stake in Ring Energy in the 1st quarter worth $216,000. Finally, Jefferies Group LLC purchased a new stake in Ring Energy in the 4th quarter worth $229,000.
Ring Energy Company Profile
Ring Energy, Inc, an exploration and production company, acquires, explores for, develops, and produces oil and natural gas in Texas, the United States. As of December 31, 2017, the company's proved reserves consisted of approximately 31.9 million barrel of oil equivalent. As of the above date, it also had interests in 8,102 net developed acres and 61,772 net undeveloped acres in Andrews and Gaines counties; and 10,235 net developed acres and 9,682 net undeveloped acres in Culberson and Reeves counties.
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