Ring Energy (NYSE:REI) Earns Daily Media Sentiment Rating of 0.17
Media stories about Ring Energy (NYSE:REI) have trended somewhat positive this week, Accern Sentiment Analysis reports. Accern rates the sentiment of media coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Ring Energy earned a news sentiment score of 0.17 on Accern’s scale. Accern also gave media stories about the company an impact score of 46.4978984690495 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
These are some of the media stories that may have effected Accern Sentiment’s scoring:
- Ring Energy (NYSE:REI) Sees Significant Drop in Short Interest (americanbankingnews.com)
- Investor Network: Ring Energy, Inc. to Host Earnings Call (finance.yahoo.com)
- Edited Transcript of REI earnings conference call or presentation 9-Aug-17 4:00pm GMT (finance.yahoo.com)
- Ring Energy (NYSE:REI) Posts Earnings Results, Hits Estimates (americanbankingnews.com)
- Ring Energy EPS in-line, beats on revenue (seekingalpha.com)
A number of equities analysts have recently issued reports on REI shares. Ladenburg Thalmann Financial Services reaffirmed a “buy” rating and set a $17.00 price target (up from $15.00) on shares of Ring Energy in a research report on Saturday, April 22nd. Zacks Investment Research downgraded Ring Energy from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Finally, Roth Capital set a $20.00 price target on Ring Energy and gave the stock a “buy” rating in a research report on Thursday. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Ring Energy has a consensus rating of “Buy” and an average target price of $16.93.
Shares of Ring Energy (NYSE REI) traded up 2.04% during midday trading on Friday, hitting $13.49. 303,309 shares of the stock were exchanged. The company’s market cap is $730.42 million. Ring Energy has a 12 month low of $8.76 and a 12 month high of $14.14. The stock has a 50 day moving average price of $12.89 and a 200-day moving average price of $12.35.
Ring Energy (NYSE:REI) last announced its quarterly earnings data on Tuesday, August 8th. The company reported $0.04 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.04. The firm had revenue of $14.50 million during the quarter, compared to analyst estimates of $14.20 million. On average, analysts predict that Ring Energy will post $0.19 EPS for the current year.
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