Media coverage about Ring Energy (NASDAQ:REI) has been trending somewhat positive on Monday, according to Accern Sentiment. The research firm identifies negative and positive media coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Ring Energy earned a media sentiment score of 0.15 on Accern’s scale. Accern also gave news headlines about the company an impact score of 46.8870153925327 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Separately, B. Riley reissued a “buy” rating on shares of Ring Energy in a research note on Monday, February 5th.
NASDAQ:REI traded up $0.12 during mid-day trading on Monday, hitting $13.30. The company had a trading volume of 422,988 shares, compared to its average volume of 809,354. Ring Energy has a fifty-two week low of $10.88 and a fifty-two week high of $16.09.
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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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