Rochford Living Trust Lloyd Ti Sells 86,486 Shares of Ring Energy (REI) Stock
Ring Energy (NYSEAMERICAN:REI) Director Rochford Living Trust Lloyd Ti sold 86,486 shares of the company’s stock in a transaction that occurred on Tuesday, December 5th. The stock was sold at an average price of $14.81, for a total value of $1,280,857.66. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Ring Energy (NYSEAMERICAN REI) traded up $0.19 during midday trading on Thursday, hitting $13.43. The stock had a trading volume of 369,185 shares, compared to its average volume of 383,992. Ring Energy has a fifty-two week low of $9.22 and a fifty-two week high of $15.13.
Several research firms recently commented on REI. SunTrust Banks reissued a “buy” rating and issued a $19.00 price objective on shares of Ring Energy in a research note on Friday, November 10th. Northland Securities set a $20.00 target price on Ring Energy and gave the stock a “buy” rating in a research note on Saturday, October 21st. Roth Capital set a $20.00 target price on Ring Energy and gave the stock a “buy” rating in a research note on Friday, October 6th. Finally, Imperial Capital assumed coverage on Ring Energy in a research note on Tuesday, August 15th. They issued an “outperform” rating and a $18.00 target price for the company. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $18.67.
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Ring Energy Company Profile
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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