Ring Energy, Inc. (REI) EPS Estimated At $0.07; Independence Realty Trust (IRT)’s Sentiment Is 3.31

February 17, 2018 - By Vivian Park

Analysts expect Ring Energy, Inc. (NYSEAMERICAN:REI) to report $0.07 EPS on March, 21.They anticipate $0.08 EPS change or 800.00% from last quarter’s $-0.01 EPS. REI’s profit would be $3.79M giving it 56.46 P/E if the $0.07 EPS is correct. After having $0.06 EPS previously, Ring Energy, Inc.’s analysts see 16.67% EPS growth. The stock increased 0.44% or $0.07 during the last trading session, reaching $15.81. About 671,147 shares traded or 4.99% up from the average. Ring Energy, Inc. (NYSEAMERICAN:REI) has risen 83.06% since February 17, 2017 and is uptrending. It has outperformed by 66.36% the S&P500.

Independence Realty Trust, Inc is a real estate investment trust. The company has market cap of $757.35 million. The firm invests in the real estate markets of the United States. It currently has negative earnings. It makes investments in apartment properties to create its portfolio.

Ring Energy, Inc. acquires, explores for, develops, and produces oil and natural gas in Texas and Kansas, the United States. The company has market cap of $856.27 million. As of December 31, 2016, its proved reserves consisted of approximately 27.7 million barrel of oil equivalent. It has a 138.68 P/E ratio. The firm 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.

Orinda Asset Management Llc holds 5.98% of its portfolio in Independence Realty Trust, Inc. for 640,912 shares. Highland Capital Management Lp owns 3.27 million shares or 1.47% of their US portfolio. Moreover, Chilton Capital Management Llc has 1% invested in the company for 1.02 million shares. The California-based Phocas Financial Corp. has invested 1% in the stock. Bard Associates Inc, a Illinois-based fund reported 189,725 shares.

The stock increased 1.27% or $0.11 during the last trading session, reaching $8.78. About 860,966 shares traded or 36.60% up from the average. Independence Realty Trust, Inc. (IRT) has risen 20.69% since February 17, 2017 and is uptrending. It has outperformed by 3.99% the S&P500.

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