Ring Energy (NASDAQ:REI)‘s stock had its “buy” rating restated by equities researchers at B. Riley in a research note issued to investors on Monday.

Shares of Ring Energy (NASDAQ:REI) opened at $15.13 on Monday. Ring Energy has a 12-month low of $9.22 and a 12-month high of $15.95.

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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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