Shares of Ring Energy Inc (REI) are trading 10% higher at a price of $2.545 at the time of this writing. While it's generally been a mildly green day for this part of the market, the company is flying past it's peers in the Energy sector. The market is undergoing a significant macro move (2.02%) which could be a factor in the stock's movement.
- Ring Energy's earnings were great in the latest quarter and the conference call.
- Ring's Stronghold acquisition has led to a doubling of production.
- REI stock appears to have a decent upside now, based on these factors.
Ring Energy Inc has been trading between a 52-week high of $5.09 and a 52-week low of $2.02. The stock has a market cap of $332 Million.
Ring Energy, Inc. is an oil and gas exploration, development and production company with current operations in Texas and New Mexico.