What is Ring Energy's stock price target for 2024?

0 brokers have issued 1-year price objectives for Ring Energy's shares. Their REI share price targets range from $4.00 to $4.00. On average, they expect the company's stock price to reach $4.00 in the next twelve months. This suggests a possible upside of 145.4% from the stock's current price. View analysts price targets for REI or view top-rated stocks among Wall Street analysts .

How have REI shares performed in 2023?

Ring Energy's stock was trading at $2.36 at the beginning of 2023. Since then, REI stock has decreased by 30.9% and is now trading at $1.63. View the best growth stocks for 2023 here .

How were Ring Energy's earnings last quarter?

Ring Energy, Inc. (NYSEAMERICAN:REI) issued its quarterly earnings data on Thursday, November, 2nd. The company reported $0.12 earnings per share for the quarter, missing analysts' consensus estimates of $0.13 by $0.01. The business had revenue of $93.68 million for the quarter, compared to the consensus estimate of $90.20 million. Ring Energy had a trailing twelve-month return on equity of 13.15% and a net margin of 18.97%.

What ETF holds Ring Energy's stock ?

First Trust Natural Gas ETF holds 413,552 shares of REI stock, representing 0.16% of its portfolio.

What other stocks do shareholders of Ring Energy own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Ring Energy investors own include Universal Display (OLED) , Enterprise Products Partners (EPD) , Kinder Morgan (KMI) , Gulfport Energy (GPOR) , AT&T (T) , Energy Transfer (ET) , Intel (INTC) , Sorrento Therapeutics (SRNE) , Permian Resources (CDEV) and Cleveland-Cliffs (CLF) .

Who are Ring Energy's major shareholders?

Ring Energy's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Ameriprise Financial Inc. (1.87%), AQR Capital Management LLC (1.81%), Brandywine Global Investment Management LLC (0.86%), American Century Companies Inc. (0.62%), Northern Trust Corp (0.49%) and UBS Group AG (0.41%). Insiders that own company stock include Anthony Benedict Petrelli, Paul D Mckinney, Richard E Harris, Warburg Pincus (E&P) Xii Llc and William R Kruse. View institutional ownership trends .

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 .

Ring Energy Stock Price, News & Analysis (NYSEAMERICAN:REI)

$1.63

-0.02 (-1.21%)

(As of 12/1/2023 ET)

Compare

Today's Range: $1.61
▼
$1.68
50-Day Range: N/A
52-Week Range: $1.38
▼
$2.80

Volume: 1.50 million shs
Average Volume: 2.06 million shs
Market Capitalization: $318.88 million

P/E Ratio: 4.53
Dividend Yield: N/A
Price Target: $4.00

Ring Energy MarketRank™ Stock Analysis

Analyst Rating: 0.00 Rating Score
Upside/Downside: 145.4% Upside
$4.00 Price Target
Short Interest: Bearish
7.70% of Shares Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: N/A
Insider Trading: Acquiring Shares
$178,000 Bought Last Quarter
Proj. Earnings Growth: 47.27%
From $0.55 to $0.81 Per Share

Overall MarketRank^™

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

2.14 out of 5 stars

2.0

Analyst's Opinion

Price Target Upside/Downside
According to analysts' consensus price target of $4.00, Ring Energy has a forecasted upside of 145.4% from its current price of $1.63.
Amount of Analyst Coverage
Ring Energy has received no research coverage in the past 90 days.

1.0

Short Interest

Percentage of Shares Shorted
7.70% of the outstanding shares of Ring Energy have been sold short.
Short Interest Ratio / Days to Cover
Ring Energy has a short interest ratio ("days to cover") of 6.6.
Change versus previous month
Short interest in Ring Energy has recently increased by 4.65%, indicating that investor sentiment is decreasing.

0.0

Dividend Strength

Dividend Yield
Ring Energy does not currently pay a dividend.
Dividend Growth
Ring Energy does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for REI.

2.2

News and Social Media Coverage

News Sentiment
Ring Energy has a news sentiment score of 1.05. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.46 average news sentiment score of Oils/Energy companies.
News Coverage This Week
MarketBeat has tracked 1 news article for Ring Energy this week, compared to 1 article on an average week.
Search Interest
Only 7 people have searched for REI on MarketBeat in the last 30 days. This is a decrease of -50% compared to the previous 30 days.
MarketBeat Follows
Only 2 people have added Ring Energy to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Ring Energy insiders have bought more of their company's stock than they have sold. Specifically, they have bought $178,000.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
Only 1.40% of the stock of Ring Energy is held by insiders.
Percentage Held by Institutions
46.98% of the stock of Ring Energy is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.8

Earnings and Valuation

Earnings Growth
Earnings for Ring Energy are expected to grow by 47.27% in the coming year, from $0.55 to $0.81 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Ring Energy is 4.53, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 116.73.
Price to Earnings Ratio vs. Sector
The P/E ratio of Ring Energy is 4.53, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 17.66.
Price to Book Value per Share Ratio
Ring Energy has a P/B Ratio of 0.43. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Ring Energy Stock (NYSEAMERICAN:REI)

Ring Energy, Inc., an independent exploration and production company, engages in the acquisition, exploration, development, and production of oil and natural gas in Texas and New Mexico. It had interests in 54,959 net developed acres and 2,337 net undeveloped acres in Andrews, Gaines, Crane, Winkler, and Ward counties, Texas; and 13,930 net developed acres and 12,512 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.

REI Stock Price History

30 days | 90 days | 365 days | Advanced Chart

REI Stock News Headlines

December 1, 2023 | finance.yahoo.com

Ring Energy to Present at Sidoti Virtual Investor Conference

November 16, 2023 | morningstar.com

Ring Energy Inc REI

December 3, 2023 | DTI Trader (Ad)

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November 7, 2023 | seekingalpha.com

Ring Energy: Undervalued Permian Play And Strong Q3

November 5, 2023 | finance.yahoo.com

Ring Energy, Inc. (AMEX:REI) Q3 2023 Earnings Call Transcript

November 4, 2023 | finance.yahoo.com

Q3 2023 Ring Energy Inc Earnings Call

November 3, 2023 | finance.yahoo.com

Ring Energy Inc (REI) Reports Q3 2023 Earnings, Records 10% Increase in Adjusted EBITDA

November 3, 2023 | finanznachrichten.de

Ring Energy, Inc.: Ring Energy Announces Third Quarter 2023 Results and Updates Fourth Quarter 2023 Guidance

December 3, 2023 | DTI Trader (Ad)

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November 2, 2023 | finance.yahoo.com

Ring Energy Announces Third Quarter 2023 Results and Updates Fourth Quarter 2023 Guidance

November 1, 2023 | benzinga.com

Ring Energy's Earnings Outlook

October 28, 2023 | finance.yahoo.com

7 Penny Stocks With the Potential to Strike Gold

October 19, 2023 | finance.yahoo.com

Ring Energy Announces Timing of Third Quarter 2023 Earnings Release and Conference Call

October 18, 2023 | markets.businessinsider.com

Truist Financial Sticks to Its Hold Rating for Ring Energy (REI)

October 4, 2023 | msn.com

Ring Energy: Focusing On Free Cash Flow

September 14, 2023 | finance.yahoo.com

Director Anthony Petrelli Buys 50,000 Shares of Ring Energy Inc

August 17, 2023 | msn.com

Ring Energy: Recent Transactions Reduce Its Operating Costs

August 16, 2023 | finanznachrichten.de

Ring Energy, Inc.: Ring Energy Announces the Closing of the Founders Oil & Gas Permian Basin Assets Acquisition

August 16, 2023 | finance.yahoo.com

Ring Energy Announces the Closing of the Founders Oil & Gas Permian Basin Assets Acquisition

August 15, 2023 | msn.com

Ring Energy: Getting That Corporate Breakeven Down

August 13, 2023 | finance.yahoo.com

12 Best Quality Penny Stocks to Buy

August 11, 2023 | finance.yahoo.com

Ring Energy Announces Participation in Upcoming Energy Investor Conferences

August 8, 2023 | markets.businessinsider.com

Ring Energy (REI) Receives a Rating Update from a Top Analyst

August 5, 2023 | finance.yahoo.com

Q2 2023 Ring Energy Inc Earnings Call

August 3, 2023 | finance.yahoo.com

Ring Energy (REI) Beats Q2 Earnings Estimates

August 3, 2023 | finance.yahoo.com

Ring Energy Announces Second Quarter 2023 Results and Reiterates Quarterly Guidance for Second Half 2023

August 1, 2023 | finance.yahoo.com

Magnolia Oil & Gas Corp (MGY) Beats Q2 Earnings Estimates

See More Headlines

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Company Calendar

Last Earnings: 11/02/2023
Today: 12/03/2023
Fiscal Year End: 12/31/2023

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSEAMERICAN
Industry: Crude petroleum & natural gas
Sub-Industry: N/A
Sector: Oils/Energy
Current Symbol: NYSEAMERICAN:REI
CUSIP: N/A
CIK: 1384195
Web: www.ringenergy.com
Phone: (281) 397-3699
Fax: N/A
Employees: 98
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $4.00
High Stock Price Target: $4.00
Low Stock Price Target: $4.00
Potential Upside/Downside: +145.4%
Consensus Rating
Rating Score (0-4): 0.00
Research Coverage: 0 Analysts

Profitability

EPS (Most Recent Fiscal Year): $0.36
Trailing P/E Ratio: 4.53
Forward P/E Ratio: 2.96
P/E Growth: N/A
Net Income: $138.63 million
Net Margins: 18.97%
Pretax Margin: 17.53%
Return on Equity: 13.15%
Return on Assets: 7.17%

Debt

Debt-to-Equity Ratio: 0.58
Current Ratio: 0.39
Quick Ratio: 0.35

Sales & Book Value

Annual Sales: $347.25 million
Price / Sales: 0.92
Cash Flow: $0.90 per share
Price / Cash Flow: 1.81
Book Value: $3.75 per share
Price / Book: 0.43

Miscellaneous

Outstanding Shares: 195,630,000
Free Float: 192,891,000
Market Cap: $318.88 million
Optionable: Not Optionable
Beta: 1.84

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Key Executives

Mr. Paul D. McKinney (Age 64)
CEO & Chairman of the Board
Comp: $1.35M
Mr. Travis T. Thomas (Age 45)
Executive VP, CFO, Corporate Secretary & Treasurer
Comp: $668.5k
Mr. Marinos Christos Baghdati (Age 46)
Executive Vice President of Operations
Comp: $668.5k
Mr. Stephen Donald Brooks (Age 67)
Executive Vice President of Land, Legal, Human Resources & Marketing
Comp: $668.5k
Mr. Alexander Dyes (Age 38)
Executive Vice President of Engineering & Corporate Strategy
Comp: $665.96k
Ms. Hollie Lamb (Age 47)
VP of Compliance & GM of the Midland - Texas Office
Al Petrie
Officer of Investor Relations

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

REI Stock Analysis - Frequently Asked Questions

What is Ring Energy's stock price target for 2024?: 0 brokers have issued 1-year price objectives for Ring Energy's shares. Their REI share price targets range from $4.00 to $4.00. On average, they expect the company's stock price to reach $4.00 in the next twelve months. This suggests a possible upside of 145.4% from the stock's current price.
View analysts price targets for REI or view top-rated stocks among Wall Street analysts.
How have REI shares performed in 2023?: Ring Energy's stock was trading at $2.36 at the beginning of 2023. Since then, REI stock has decreased by 30.9% and is now trading at $1.63.
View the best growth stocks for 2023 here.
How were Ring Energy's earnings last quarter?: Ring Energy, Inc. (NYSEAMERICAN:REI) issued its quarterly earnings data on Thursday, November, 2nd. The company reported $0.12 earnings per share for the quarter, missing analysts' consensus estimates of $0.13 by $0.01. The business had revenue of $93.68 million for the quarter, compared to the consensus estimate of $90.20 million. Ring Energy had a trailing twelve-month return on equity of 13.15% and a net margin of 18.97%.
What ETF holds Ring Energy's stock ?: First Trust Natural Gas ETF holds 413,552 shares of REI stock, representing 0.16% of its portfolio.

What other stocks do shareholders of Ring Energy own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Ring Energy investors own include Universal Display (OLED), Enterprise Products Partners (EPD), Kinder Morgan (KMI), Gulfport Energy (GPOR), AT&T (T), Energy Transfer (ET), Intel (INTC), Sorrento Therapeutics (SRNE), Permian Resources (CDEV) and Cleveland-Cliffs (CLF).
Who are Ring Energy's major shareholders?: Ring Energy's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Ameriprise Financial Inc. (1.87%), AQR Capital Management LLC (1.81%), Brandywine Global Investment Management LLC (0.86%), American Century Companies Inc. (0.62%), Northern Trust Corp (0.49%) and UBS Group AG (0.41%). Insiders that own company stock include Anthony Benedict Petrelli, Paul D Mckinney, Richard E Harris, Warburg Pincus (E&P) Xii Llc and William R Kruse.
View institutional ownership trends.
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.

This page (NYSEAMERICAN:REI) was last updated on 12/3/2023 by MarketBeat.com Staff

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