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Home โบ Stocks โบ Ring Energy Inc. (REI) Stock Forecast & Price Prediction United States | NYSE | Energy | Oil & Gas E&P
$1.26
-0.09 (-6.67%)Did REI Make This Month's Elite Buy List?
We don't follow just any analyst โ only the top 3% with a proven track record make our cut. See if Ring Energy is one of their latest high-conviction picks.
Based on our analysis of 1 Wall Street analyst, REI has a bullish consensus with a median price target of $2.50 (ranging from $2.50 to $2.50). The overall analyst rating is Strong Buy (10.0/10). Currently trading at $1.26, the median forecast implies a 98.4% upside. This outlook is supported by 1 Buy, 0 Hold, and 0 Sell ratings.
Please note that analyst price targets are forward-looking estimates subject to substantial market, economic, and company-specific risks. Past performance does not guarantee future results, and actual stock performance may materially differ from these projections. Investors should conduct their own due diligence and consider their investment objectives and risk tolerance before making investment decisions.
These are the latest 20 analyst ratings and price targets for REI.
| Date | Firm | Analyst | Rating | Change | Price Target |
|---|---|---|---|---|---|
| Aug 1, 2022 | Roth Capital | Neutral | Downgrade | $N/A | |
| Oct 14, 2021 | Roth Capital | Buy | Upgrade | $N/A | |
| Mar 9, 2020 | SunTrust Robinson Humphrey | Hold | Downgrade | $N/A | |
| Oct 2, 2018 | Seaport Global | Neutral | Downgrade | $N/A | |
| May 5, 2018 | B. Riley FBR | Buy | Initiates | $N/A | |
| Feb 6, 2018 | B. Riley FBR | Buy | Initiates | $N/A | |
| Feb 6, 2018 | B. Riley Securities | Buy | Initiates | $N/A | |
| Dec 21, 2017 | KLR Group | Buy | Initiates | $N/A | |
| Aug 15, 2017 | Imperial Capital | Outperform | Initiates | $N/A | |
| Sep 27, 2016 | Imperial Capital | Outperform | Initiates | $N/A | |
| Aug 29, 2016 | Rodman & Renshaw | Buy | Initiates | $N/A | |
| Feb 3, 2016 | GMP Securities | Hold | Initiates | $N/A | |
| Oct 20, 2015 | Canaccord Genuity | Buy | Initiates | $N/A | |
| Apr 16, 2015 | MLV & Co. | Buy | Initiates | $N/A | |
| Apr 15, 2015 | SunTrust Robinson Humphrey | Buy | Maintains | $N/A | |
| Mar 18, 2015 | Roth Capital | Buy | Maintains | $N/A | |
| Dec 2, 2014 | Roth Capital | Buy | Initiates | $N/A | |
| Nov 24, 2014 | Canaccord Genuity | Hold | Downgrade | $N/A | |
| Jul 10, 2014 | Seaport Global | Buy | Initiates | $N/A | |
| Jul 1, 2014 | Canaccord Genuity | Buy | Initiates | $N/A |
The following stocks are similar to Ring Energy based on their market capitalization and industry sector. These similar stocks potentially provide investors with alternative investment opportunities within the same market segment.
Ring Energy Inc. has a market capitalization of $319.86M with a P/E ratio of 2.7x. The company generates $287.48M in trailing twelve-month revenue with a -92.0% profit margin.
Revenue growth is -7.1% quarter-over-quarter, while maintaining an operating margin of -88.4% and return on equity of -35.3%.
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Independent oil and natural gas producer.
The company operates by acquiring, developing, and producing oil and natural gas, primarily in the Permian Basin. It emphasizes cost-effective drilling and completion practices to maximize resource extraction and profitability, while maintaining a lean operational model to adapt to market fluctuations.
Ring Energy Inc. plays a vital role in supporting various sectors that depend on crude oil and natural gas, such as transportation, manufacturing, and energy production. The company also navigates regulatory and environmental challenges, contributing to meeting both national and international energy demands.
Energy
Oil & Gas E&P
115
Mr. Paul D. McKinney
United States
2007
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Here is how Patterson-UTI (PTEN) and Ring Energy (REI) have performed compared to their sector so far this year.
Zacks uses its Rank system, focusing on earnings estimates and revisions, to identify strong stock picks, while also monitoring value, growth, and momentum trends.
Zacks' emphasis on earnings estimates and revisions signals potential stock performance, guiding investors toward informed decisions based on current market trends.
Ring Energy's equity offering may raise up to $64.5 million, reducing debt. Projected 2026 free cash flow is $66 million, lowering leverage to approximately 1.3x.
Ring Energy's debt reduction and projected free cash flow enhance its financial stability, improving leverage ratios and potentially increasing investor confidence and stock value.
Ring Energy, Inc. (REI) outlined its horizontal drilling strategy and addressed how a recent equity offering will aid in achieving its deleveraging goals.
Ring Energy's focus on horizontal drilling indicates potential for increased production efficiency, while the equity offering suggests efforts to reduce debt, impacting financial stability and growth prospects.
Ring Energy, Inc. will participate in a fireside chat with Water Tower Research on May 20, 2026, at 10:00 AM CT.
Ring Energy's upcoming fireside chat may provide insights into its strategy and performance, potentially influencing investor sentiment and stock price.
Zacks utilizes its Rank system, prioritizing earnings estimates and revisions, to identify strong stocks, while also monitoring value, growth, and momentum trends.
Zacks' emphasis on earnings estimates and revisions highlights potential stock performance, guiding investors toward high-potential picks based on current market trends.
Ring Energy, Inc. is launching a public offering of $60 million in common stock, with an option for underwriters to purchase an additional $9 million. Completion is subject to market conditions.
Ring Energy's $60 million stock offering could dilute existing shares, impacting shareholder value. Market conditions may influence the offering's success and future stock performance.
Based on our analysis of 1 Wall Street analysts, Ring Energy Inc. (REI) has a median price target of $2.50. The highest price target is $2.50 and the lowest is $2.50.
According to current analyst ratings, REI has 1 Buy ratings, 0 Hold ratings, and 0 Sell ratings. The stock is currently trading at $1.26. Always conduct your own research and consider your investment goals before making investment decisions.
Wall Street analysts predict REI stock could reach $2.50 in the next 12 months. This represents a 98.4% increase from the current price of $1.26. Please note that this is a projection by Wall Street analysts and not a guarantee.
The company operates by acquiring, developing, and producing oil and natural gas, primarily in the Permian Basin. It emphasizes cost-effective drilling and completion practices to maximize resource extraction and profitability, while maintaining a lean operational model to adapt to market fluctuations.
The highest price target for REI is $2.50 from at , which represents a 98.4% increase from the current price of $1.26.
The lowest price target for REI is $2.50 from at , which represents a 98.4% increase from the current price of $1.26.
The overall analyst consensus for REI is bullish. Out of 1 Wall Street analysts, 1 rate it as Buy, 0 as Hold, and 0 as Sell, with a median price target of $2.50.
Stock price projections, including those for Ring Energy Inc., are based on various factors including financial models, market conditions, and analyst forecasts. While these predictions provide valuable insights, they should be considered alongside your own research and risk tolerance.
The information provided by Ticker Nerd is for educational and informational purposes only. It should not be considered financial or investment advice. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance.