Roth Capital Initiates Ring Energy With Buy

Analysts at Roth Capital initiated coverage on shares of Ring Energy REI with a Buy rating. The target price for Ring Energy is set to $23. Ring Energy shares have dropped 37.19% over the past 52 weeks, while the S&P 500 index has gained 14.39% in the same period. Ring Energy's shares tumbled 18.20% to close at $7.82 yesterday.