Separately, Capital One Financial lowered Ring Energy from an “overweight” rating to an “equal weight” rating in a research note on Thursday, December 20th.
NASDAQ:REI traded up $0.23 during trading hours on Tuesday, hitting $4.71. The company had a trading volume of 1,077,873 shares, compared to its average volume of 562,459. Ring Energy has a 1 year low of $4.01 and a 1 year high of $17.00.
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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