SunTrust analyst Neal Dingmann lowered his price target on Ring Energy to $14, reflecting the 2-day 25% decline in its stock price following "another production miss", lower guided average rate of return in San Andres, and emerging management credibility issues. The analyst keeps his Buy rating however, noting that his updated well data results still suggest "strong returns" as the management maintained its 80% net internal rate of return , which is "among the best" in the Permian. Dingmann further states that Ring Energy's North Gaines wells are "testing well" and may be a source of additional inventory.