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S&P 500   4,122.47
DOW   32,774.41
QQQ   317.08
Are Medtronic And Intuitive Surgical Poised For Big Growth?
Biden & Bill Gates Igniting $40 Trillion Heist? (Ad)
'The Sacrifice Zone': Myanmar bears cost of green energy
Is Sofi Financial Stock Finally Ready to Pay Off for Investors?
Ralph Lauren Is A Retail Stock You Can Buy And Hold
Bargain in Today's Market (SHOCKING) (Ad)pixel
Closing prices for crude oil, gold and other commodities
Learning from failures: How Biden scored win on climate plan
Most electric vehicles won't qualify for federal tax credit
The Incredible Dividend Map... Where Stocks Yield 26% a Year! (Ad)pixel
S&P 500   4,122.47
DOW   32,774.41
QQQ   317.08
Are Medtronic And Intuitive Surgical Poised For Big Growth?
Biden & Bill Gates Igniting $40 Trillion Heist? (Ad)
'The Sacrifice Zone': Myanmar bears cost of green energy
Is Sofi Financial Stock Finally Ready to Pay Off for Investors?
Ralph Lauren Is A Retail Stock You Can Buy And Hold
Bargain in Today's Market (SHOCKING) (Ad)pixel
Closing prices for crude oil, gold and other commodities
Learning from failures: How Biden scored win on climate plan
Most electric vehicles won't qualify for federal tax credit
The Incredible Dividend Map... Where Stocks Yield 26% a Year! (Ad)pixel
S&P 500   4,122.47
DOW   32,774.41
QQQ   317.08
Are Medtronic And Intuitive Surgical Poised For Big Growth?
Biden & Bill Gates Igniting $40 Trillion Heist? (Ad)
'The Sacrifice Zone': Myanmar bears cost of green energy
Is Sofi Financial Stock Finally Ready to Pay Off for Investors?
Ralph Lauren Is A Retail Stock You Can Buy And Hold
Bargain in Today's Market (SHOCKING) (Ad)pixel
Closing prices for crude oil, gold and other commodities
Learning from failures: How Biden scored win on climate plan
Most electric vehicles won't qualify for federal tax credit
The Incredible Dividend Map... Where Stocks Yield 26% a Year! (Ad)pixel
NYSE:REI

Ring Energy - REI Stock Forecast, Price & News

$2.73
-0.14 (-4.88%)
(As of 08/9/2022 12:00 AM ET)
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Compare
Today's Range
$2.67
$2.96
50-Day Range
$2.34
$4.78
52-Week Range
$1.81
$5.09
Volume
3.40 million shs
Average Volume
2.81 million shs
Market Capitalization
$292.77 million
P/E Ratio
3.90
Dividend Yield
N/A
Price Target
$7.50

Ring Energy MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
174.7% Upside
$7.50 Price Target
Short Interest
N/A
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.59mentions of Ring Energy in the last 14 days
Based on 2 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
24.14%
From $0.87 to $1.08 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.52 out of 5 stars

Oils/Energy Sector

119th out of 254 stocks

Crude Petroleum & Natural Gas Industry

51st out of 78 stocks

REI stock logo

About Ring Energy (NYSE:REI) Stock

Ring Energy, Inc., an exploration and production company, engages in the acquisition, exploration, development, and production of oil and natural gas in Texas and New Mexico. As of December 31, 2021, the company's proved reserves consisted of approximately 77.8 million barrel of oil equivalent. It also had interests in 18,882 net developed acres and 1,406 net undeveloped acres in Andrews and Gaines counties, Texas; 18,437 net developed acres in Culberson and Reeves counties, Texas; and 13,662 net developed acres and 11,993 net undeveloped acres in Yoakum, Runnels, and Coke Counties, Texas and Lea County, New Mexico. Ring Energy, Inc. primarily sells its oil and natural gas production to end users, marketers, and other purchasers. The company was formerly known as Transglobal Mining Corp. and changed its name to Ring Energy, Inc. in March 2008. Ring Energy, Inc. was incorporated in 2004 and is headquartered in The Woodlands, Texas.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on REI shares. Roth Capital lowered Ring Energy from a "buy" rating to a "neutral" rating and raised their target price for the company from $4.90 to $7.50 in a report on Monday, August 1st. StockNews.com downgraded shares of Ring Energy from a "buy" rating to a "hold" rating in a report on Saturday, July 30th.

Ring Energy Stock Down 5.9 %

Ring Energy stock traded down $0.17 during midday trading on Tuesday, reaching $2.70. The stock had a trading volume of 488,427 shares, compared to its average volume of 2,008,912. The firm has a market cap of $289.55 million, a price-to-earnings ratio of 4.52 and a beta of 1.96. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.48 and a quick ratio of 0.40. The business has a 50-day moving average of $3.18. Ring Energy has a 12 month low of $1.81 and a 12 month high of $5.09.

Ring Energy (NYSE:REI - Get Rating) last released its quarterly earnings results on Tuesday, May 10th. The company reported $0.21 EPS for the quarter, beating analysts' consensus estimates of $0.17 by $0.04. The firm had revenue of $68.18 million during the quarter, compared to analyst estimates of $54.10 million. Ring Energy had a net margin of 33.31% and a return on equity of 20.94%. Equities research analysts expect that Ring Energy will post 0.87 EPS for the current year.

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REI Stock News Headlines

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REI Company Calendar

Today
8/10/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Crude petroleum & natural gas
Sub-Industry
N/A
Fax
N/A
Employees
53
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$7.50
High Stock Price Forecast
$7.50
Low Stock Price Forecast
$7.50
Forecasted Upside/Downside
+174.7%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
1 Analysts

Profitability

Net Income
$3.32 million
Pretax Margin
33.86%

Debt

Sales & Book Value

Annual Sales
$196.31 million
Cash Flow
$0.63 per share
Book Value
$3.02 per share

Miscellaneous

Free Float
105,418,000
Market Cap
$292.77 million
Optionable
Optionable
Beta
1.96

Key Executives

  • Mr. Paul D. McKinney (Age 63)
    CEO & Chairman
    Comp: $1.03M
  • Mr. Travis T. Thomas (Age 44)
    Exec. VP, CFO, Corp. Sec. & Treasurer
    Comp: $513.14k
  • Mr. Marinos Christos Baghdati (Age 45)
    Exec. VP of Operations
    Comp: $526.64k
  • Mr. Stephen Donald Brooks (Age 66)
    Exec. VP of Land, Legal, HR & Marketing
    Comp: $523.74k
  • Mr. Alexander Dyes (Age 37)
    Exec. VP of Engineering & Corp. Strategy
    Comp: $523.74k
  • Ms. Hollie Lamb (Age 46)
    VP of Compliance & GM of the Midland - Texas Office
  • Al Petrie
    Officer of Investor Relations













REI Stock - Frequently Asked Questions

Should I buy or sell Ring Energy stock right now?

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Ring Energy in the last twelve months. There are currently 1 hold rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" REI shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in REI, but not buy additional shares or sell existing shares.
View REI analyst ratings
or view top-rated stocks.

What is Ring Energy's stock price forecast for 2022?

1 analysts have issued 12 month price targets for Ring Energy's stock. Their REI share price forecasts range from $7.50 to $7.50. On average, they anticipate the company's share price to reach $7.50 in the next year. This suggests a possible upside of 174.7% from the stock's current price.
View analysts price targets for REI
or view top-rated stocks among Wall Street analysts.

How has Ring Energy's stock price performed in 2022?

Ring Energy's stock was trading at $3.82 on January 1st, 2022. Since then, REI stock has decreased by 28.5% and is now trading at $2.73.
View the best growth stocks for 2022 here
.

What is Ring Energy's stock symbol?

Ring Energy trades on the New York Stock Exchange (NYSE) under the ticker symbol "REI."

How do I buy shares of Ring Energy?

Shares of REI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Ring Energy's stock price today?

One share of REI stock can currently be purchased for approximately $2.73.

How much money does Ring Energy make?

Ring Energy (NYSE:REI) has a market capitalization of $292.77 million and generates $196.31 million in revenue each year. The company earns $3.32 million in net income (profit) each year or $0.70 on an earnings per share basis.

How many employees does Ring Energy have?

Ring Energy employs 53 workers across the globe.

How can I contact Ring Energy?

Ring Energy's mailing address is 1725 HUGHES LANDING BLVD. SUITE 900, THE WOODLANDS TX, 77380. The official website for the company is www.ringenergy.com. The company can be reached via phone at 281 397 3699 or via email at apetrie@ringenergy.com.

This page (NYSE:REI) was last updated on 8/10/2022 by MarketBeat.com Staff

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